Citi’s Global Transaction Services business has been appointed by GOL Linhas Aéreas Inteligentes as the successor depositary for its American depositary receipt (ADR) program. Each American depositary share accounts for one preferred share and trades on the New York Stock Exchange. Global Transaction Services is a division of Citi’s Institutional Clients Group, which provides integrated cash management, trade, and securities and fund services to multinational corporations. As of the second quarter of this year, it held on average $365 billion in liability balances and $13.5 trillion in assets under custody.
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