Bank of America-Merrill Lynch has been approved by the US regulator FINRA to act as “Market Maker” for Fatima Fertilizer Company Ltd (Fatima) for its Sponsored Level 1 American Depository Receipt (ADR) program. BOA-Merrill Lynch, one of the world’s premier providers of wealth management, securities trading and sales, corporate finance and investment banking services, will facilitate the trading of Fatima’s ADR on the OTC market in USA. It must be noted that a year ago, in March 2011, Fatima appointed BNY Mellon, the global leader in asset management and securities servicing, as the Depositary Bank for its ADR program.
