Tullett Prebon enters China
NEWS
The joint venture with the subsidiary of Shanghai International Group (SIG) has been dubbed Tullett Prebon SITICO (China) and is expected to begin operations by year end. Currently, the firms are in the process of attaining a licence from the local central bank, the People's Bank of China. It is believed that the licence will allow for the broking of all currencies, except renminbi, to foreign currencies.
The joint venture will be headed up by Peter Pao, currently managing director for Greater
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