China Online Education Group, a Chinese education platform provider specialised in English tuition, has contracted Deutsche Bank as sponsored depository bank for its Level III American Depository Receipt program.

Deutsche Bank’s depository receipts team, which is part of the bank’s Issuer Services business within Global Securities Services, specialises in cross-border equity structures such as American and global depository receipts.

The Issuer Services department also provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services.

David West, head of Issuer Services for Asia Pacific at Deutsche Bank said: “Our broad range of customized services will be used to assist China Online Education Group to optimize the visibility of its ADR program.”