Thanks sagor1. It is an active device, not just a diode.
Checking on other boards, the device doesn't measure as a normal transistor ... I'll have to remove one to get a better idea.
As mentioned above, a pair of them are used to drive a small transformer, to provide 5 volts to feed a a 3.3 volt regulator. Just a small section of circuit to provide an isolated supply for the comms section.