Deutsche Bank announced its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Lion Group Holding Ltd. (the “Company” or “LION”).
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“We are very pleased to have been appointed as depositary bank for LION’s ADR program following the merger between Proficient Alpha Acquisition Corp, a special purpose acquisition company and Lion Financial Group Limited”
LION GROUP HOLDING LTD operates a Chinese investor-focused trading platform that offers a wide spectrum of products and services, including trading services, brokerage services and asset management services. The Company is headquartered in Hong Kong.
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“We are very pleased to have been appointed as depositary bank for LION’s ADR program following the merger between Proficient Alpha Acquisition Corp, a special purpose acquisition company and Lion Financial Group Limited,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “This demonstrates our expertise in executing complex ADR transactions and reinforces our position as a leading provider in the depositary receipts industry.”
In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
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