Citi Appointed as Depositary Bank for Siemens Energy AG’s ADR Program
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american depositary receiptfinancial
An American depositary receipt (ADR) is a certificate that represents shares of a foreign company traded on U.S. stock exchanges. It allows investors to buy and sell parts of a foreign company's stock easily, much like purchasing shares of a company based in their own country. ADRs make international investing more convenient and accessible for U.S. investors.
adrfinancial
An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.
over-the-counter (otc) marketfinancial
An over-the-counter (OTC) market is a decentralized way of trading stocks, bonds, or other securities directly between dealers and investors rather than on a formal exchange. It matters to investors because OTC listings often involve smaller, less-regulated companies or specialized securities, which can mean higher risk, lower liquidity, and wider price swings—similar to shopping at a local flea market where selections and prices vary more than at a large supermarket.
depositary receiptfinancial
A depositary receipt is a certificate issued by a bank that represents ownership of shares in a foreign company, allowing those shares to trade on a local stock exchange without buying the original foreign shares directly. For investors it acts like a local ticket to a foreign concert—making it easier to buy, sell and receive dividends in familiar currency and market hours, while still carrying extra costs and exposure to currency and country risk.
NEW YORK--(BUSINESS WIRE)--
Citi Issuer Services, acting through Citibank N.A., has been appointed by Siemens Energy AG (“Siemens Energy”), a global leader in energy technology, as Depositary Bank for its sponsored Level 1 American Depositary Receipt (“ADR”) program.
Siemens Energy’s ADRs trade on the over-the-counter (OTC) Market under the symbol “SMERY”. Siemens Energy’s underlying ordinary shares are listed and traded on the Frankfurt Stock Exchange under the symbol “ENR”.
Commenting on the appointment, Dirk Jones, Head of Issuer Services at Citi, said: “We are committed to supporting Siemens Energy with high quality services through our industry-leading ADR solutions. Our deep capital markets expertise and extensive global network enable us to facilitate seamless access to global capital markets for issuers like Siemens Energy.”
Citi Issuer Services is a leading provider of depositary receipt services. With depositary receipt programs in over 65 markets, spanning equity and fixed-income products, Issuer Services leverages Citi’s global network to provide cross-border capital market access to issuers, intermediaries, and investors.
For more information on Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions, and individuals with a broad range of financial products and services.
