Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Thursday session in green amid volatile trading. The shares closed up +0.32 points or 2.52% at $13.00 with 8.56 million shares getting traded. Post opening the session at $13.14, the shares hit an intraday low of $12.97 and an intraday high of $13.23 and the price vacillated in this range throughout the day. The company has a market cap of $18.15 billion and the numbers of outstanding shares have been calculated to be 1.37 billion shares.
On September 6, 2016 Deutsche Bank announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Aurizon Holdings Limited (“Aurizon”).
Aurizon (AZJ.AX) is Australia’s largest rail freight operator. Aurizon transports more than 250 million tonnes of Australian commodities — connecting miners, primary producers, and industry participants with international and domestic markets. The company provides its customers with integrated freight and logistics solutions across an extensive national rail and road network, traversing Australia. Aurizon also owns and operates one of the world’s largest coal rail networks, linking approximately 50 mines with three major ports in Queensland. Headquartered in Brisbane, Australia, Aurizon is listed on the Australian Stock Exchange.*
“We are delighted to welcome Aurizon Holdings Limited as a new client of Deutsche Bank’s depositary receipts business,” said Naomi Flutter, Head of Global Transaction Banking − Australia & New Zealand. “Our appointment further demonstrates Deutsche Bank’s strength and commitment to ADR issuers in Australia and New Zealand, with a strong focus on investor connectivity. We look forward to partnering with Aurizon and providing the highest level of service for their sponsored ADR program.”
Shares of Fifth Third Bancorp (NASDAQ:FITB) ended Thursday session in green amid volatile trading. The shares closed up +0.06 points or 0.29% at $20.80 with 8.26 million shares getting traded. Post opening the session at $20.88, the shares hit an intraday low of $20.75 and an intraday high of $21.04 and the price vacillated in this range throughout the day. The company has a market cap of $16.02 billion and the numbers of outstanding shares have been calculated to be 766.37 million shares.
Fifth Third Bancorp (FITB) on September 21, 2016 announced the appointments of Jerry W. Burris and Eileen A. Mallesch to the Bancorp Board of Directors.
“Both of these individuals represent outstanding additions to the Board and we welcome them,” said Marsha C. Williams, chair of the Fifth Third Bancorp Board.
She added, “Jerry’s background as a CEO of Associated Materials, a privately held company, as well as his 20 years of management background with General Electric provide deep and broad management expertise. Eileen’s career includes roles as a CFO with Genworth Financial as well as a variety of other finance leadership roles at other companies including PepsiCo. That will enable her to make a substantial contribution to our board as well.”
Prior to serving as CEO and president of Associated Materials, LLC from 2011 to 2014, Jerry Burris was a senior executive with Barnes Group Inc. for five years, including serving as president of Precision Components. He also served in various management roles at GE, including president and CEO of Advanced Materials Quartz & Ceramics, general manager of Global Services for GE Healthcare, and general manager of Global Sourcing for GE Industrial Systems. He first joined GE in 1986.
Burris’ expertise includes strong technical marketing skills, a sound understanding of how best to integrate technology, rapid innovation, mergers and acquisitions, and cost and efficiency management based on his Six Sigma training and experiences.
Burris has been an independent director of Pentair plc. since 2007. He also serves as an advisor to GenNx360 Capital Partners, a private equity firm. Burris received his MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and his BS in Electrical Engineering from Purdue University, and resides in Aurora, Ohio. His community involvement is extensive and has included roles with the Purdue University President’s Diversity Council and the North Carolina A&T State University College of Engineering.
“I’m pleased to be a part of such a strong and well-managed financial institution,” Burris said. “I have long admired Fifth Third’s commitment to the communities and industries it serves. I am excited about leveraging my background for the benefit of the Bank and its customers and contributing my perspective.”