VTB Capital gets license for operations in Hong Kong, opens office
MOSCOW. Dec 10 (Interfax) - VTB's investment subsidiary, VTB Capital, has received a license for professional operations on Hong Kong's securities market, the head of VTB Capital, Yury Soloviev, told Interfax.
"We have received a full license in Hong Kong," Soloviev said, adding that this license would allow the company to engage in underwriting, consulting and book running operations.
Soloviev added that VTB Capital is currently opening its office in Hong Kong.
VTB Capital is the investment business of the VTB Group. Formed in 2008, the company offices in Moscow, London, Singapore and Dubai.
One of the company's first major transactions in Hong Kong could be RusAl's IPO, which is expected in the first quarter of 2010. VTB Capital is one of the potential organizers for the placement along with Credit Suisse, BNP Paribas, Bank of America, Bank of China, Renaissance Capital, Sberbank and Troika Dialog .