Press releases | Archive 2005
RBC appoints The Bank of New York as depositary for DR programmeRBC appoints The Bank of New York as depositary for DR programme
RBC is a prominent and rapidly growing Russian media and IT group based in Moscow, Russia. The company is a leading provider of financial and economic information in Russia and the CIS and has the largest business audience in Russia. RBC delivers its information through its own information agency, the RBC TV business television station, a major business portal in Russia and the CIS www.rbc.ru, and over ten different online resources. On the IT side, the company provides turnkey solutions created in-house and developed by leading global IT companies, carries out system integration and develops software for a variety of local and international clients through general and offshore programming.
Commenting on the depositary appointment, RBC Chairman & CEO German Kaplun said, "We are pleased to be working with The Bank of New York, the industry leader in the American Depositary Receipt market, and believe that both companies will benefit from this cooperation."
Christopher Sturdy, Managing Director and head of the ADR division at The Bank of New York said, "The Bank of New York is delighted to have been selected by RBC to act as its depositary bank. We look forward to welcoming RBC to our increasingly diverse portfolio of Russian depositary receipt clients and to working to maximize the program's potential."