Deloitte Touche gets a licence on GEM

DTT becomes the first accountancy firm to turn investment bank.

Richard Winter is managing director of Deloitte Touche Corporate Finance, the corporate finance subsidiary of top-5 accountancy firm Deloitte Touche Tohmatsu. Deloitte was recently awarded a licence to sponsor a listing on Growth Enterprise Market GEM, Hong Kong's equivalent to the Nasdaq.

Q How big a move is this

A We haven't done sponsorships before. We're been doing merger and acquisition work - takeovers, backdoor listings, all those sorts of advisory business. Our clients have been seeking listings - so we've been helping them appoint advisers, decide where to list, and how to restructure. And then handing them over to other houses that have the licence.

Q So, up to now,...

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