licence

Russia's VTB Capital wins an investment banking licence from the SFC allowing it to facilitate deal flow for Russian clients looking to Asia for liquidity.

Broker Newedge has become the first foreign firm licensed to sell all futures and options products in Korea.

Switzerland's Bank Sarasin receives a banking licence for a subsidiary in the Qatar Financial Centre.

It has hired Stewart Aldcroft to run its Asian structured products business.

Moving ahead with its plan to build a pan-European mobile phone network, Hong Kong conglomerate Hutchison Whampoa has teamed up with Investor AB to bid for a 3G licence in Sweden.

DTT becomes the first accountancy firm to turn investment bank.