BNY Mellon Appointed as Successor Depositary by Himax Technologies for its NASDAQ-Listed ADR Program
NEW YORK, May 29, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been selected as successor depositary by Himax Technologies, Inc. for its American depositary receipt (ADR) program. Each Himax ADR represents two ordinary shares and trades on the NASDAQ Global Select Market under the symbol "HIMX."
Headquartered in Taiwan, Himax is a semiconductor solution provider dedicated to display image processing technologies. The company's main products are display driver integrated circuits and timing controllers used in TVs, notebook computers, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices. Himax employs around 1,400 people throughout Taiwan, China, Korea, Japan and the U.S. The company has more than 1,200 global patents.
"We were impressed by the global resources and customized solutions that BNY Mellon can offer a high growth company such as ours," said Jackie Chang, Himax chief financial officer. "We look forward to working with BNY Mellon on initiatives that will strengthen visibility of our company and our DR program."
BNY Mellon serves as depositary on 46 of the 127 DR programs for Taiwanese companies, most of them structured as Global Depositary Receipts (GDRs). The eight U.S.-listed ADR programs are all from the technology and telecom sector, with a collective market cap of roughly $120 billion and trading over the last 12 months valued at more than $55 billion.
"To be chosen by Himax illustrates our capacity to support rapidly growing firms in dynamic sectors," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business. "We'll work closely with Himax on their efforts to grow liquidity and expand outreach to the global investment community."
BNY Mellon has been in Taiwan for more than 40 years and was granted a branch license in 1973. BNY Mellon provides a wide variety of global products and services to Taiwanese financial institutions and pension funds including Treasury Services, Asset Management, Asset Servicing, Depositary Receipts and Foreign Exchange services.
BNY Mellon acts as depositary for more than 2,500 American and global depositary receipt programs, acting in partnership with leading companies from 65 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter@BNYMellon.
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.
 Sources: NYSE, NASDAQ, BNY Mellon.
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