BNY Mellon Appointed as Successor Depositary by KB Financial Group, Inc.
NEW YORK, November 26, 2012 - BNY Mellon, the global leader in investment management and investment services, has been appointed by KB Financial Group, Inc. as successor depositary bank for its American depositary receipt (ADR) program. Each KB Financial ADR represents one ordinary share and trades on the New York Stock Exchange under the symbol "KB." KB Financial's ordinary shares trade on the Korea Stock Exchange under the code "105560."
KB Financial is one of Korea's leading financial institutions, with total assets of $334 billion, a customer base of roughly 27 million, and an extensive branch network of over 1,180 locations nationwide. As of September 30, 2012, the group consists of 10 subsidiaries - Kookmin Bank, KB Kookmin Card, KB Investment & Securities, KB Life Insurance, KB Asset Management, KB Real Estate Trust, KB Investment, KB Credit Information, KB Data Systems and KB Savings Bank - as well as overseas banking presences in major cities around the world.
BNY Mellon and Insight Investment today announced proposals to enhance the existing Insight-managed fund range available to UK wholesale investors
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.