LONDON, 9 September 2008
Religare Hichens, Harrison PLC is pleased to announce that it has been granted a license by the Qatar Financial Centre Regulatory Authority to operate as an authorized firm in the Qatar Financial Centre. This license authorises the company to arrange and advise its clients in relation to investment deals.
Adam Wilson, Religare Hichens, Harrison’s Chief Executive Officer, said: "The QFC license further enhances Religare Hichens, Harrison’s global footprint and is a significant milestone for Hichens since joining forces with Religare earlier this year. The combined power of our 2 companies will further drive our business to new heights"
Stuart Pearce, Chief Executive Officer and Director General of the Qatar Financial Centre Authority, said: "We are very pleased to welcome Religare Hichens, Harrison as an authorized firm and see their commitment to Qatar as a further endorsement of the high standard legal and regulatory environment we have created within the QFC. We expect the expertise that Religare Hichens, Harrison brings to the financial services sector to add significant value to both public and private sector initiatives in Qatar."
Adam Wilsom, will manage the Qatari business, assisted by Charlie Hill-Wood who will be permanently based in Qatar.
Notes to Editors:
Religare Hichens, Harrison plc. (RHH)
is a part of Religare Enterprises Limited (REL) – a leading integrated financial services group out of India. Hichens, Harrison & Co. plc. (HH), established in 1803, is London’s oldest Brokerage and Investment firm with a global footprint. Post its acquisition through REL’s indirect subsidiary-Religare Capital Markets International (UK) Limited, HH has been renamed as Religare Hichens Harrison plc.
RHH is an authorised and regulated broker for companies traded on the AIM Market, a PLUS member broker-dealer, a PLUS member corporate adviser and a member of the Dubai International Financial Exchange.
Currently, the principal areas of activity for RHH are - private client stock broking, institutional broking and sales, corporate broking, corporate finance and contracts for differences.
Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC will operate to international standards and provide a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005.
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