NEW YORK, July 01, 2024--Deutsche Bank announced today its appointment as successor depositary bank for the sponsored American Depositary Receipt Program of ABB Ltd (OTC: ABBNY).
Deutsche Bank said on Sunday that it was appointing Laura Padovani to the management board responsible for compliance and for preventing financial crime, adding a woman to the German lender's male-dominated top ranks. The promotion of Padovani, who joined Deutsche last year as chief compliance officer, will make her the second female on what will become a 10-person board. Deutsche Bank has lagged many other top European lenders in female representation at board level.
Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Value Fund” first quarter 2024 investor letter. A copy of the Third Avenue Value Fund can be downloaded here. The fund returned 8.58% in the first quarter, compared to the MSCI World Index, which returned 8.97%, and the MSCI […]