Emerging markets investment bank Renaissance Capital said yesterday that it is opening an office in Hong Kong.
In May, Renaissance Capital filed with the Securities and Futures Commission SFC for licences that will allow the firm to engage in, deal in and advise on securities transactions. It is currently in the process of working through the licencing process with the SFC, but has already gone ahead and appointed a CEO for the office.
Like Renaissance Capital's offices in London and New York, the Hong Kong office will distribute securities from Russia, Central Asia, Eastern Europe, Africa and other emerging markets to institutional investors.
It is expected that the Hong Kong...