By Marcus Williams
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Renaissance Capital, the emerging markets investment bank, has expanded its footprint into Southeast Europe after agreeing a tie-up with Serbian-based Citadel Investment Services Group.
The joint venture, named Renaissance Citadel, will cover Serbia, Croatia, Slovenia, Bulgaria, Romania, Macedonia, Bosnia and Herzegovina, Montenegro and Albania.
Peter Vanhecke, chief executive for Ukraine, has been promoted to cover the entire Central and Eastern European region as chief executive.
Vanhecke said in a statement: “Our build-out into Central and Eastern Europe, following our recent entry into Belarus, is of strategic importance as we continue to grow our reach across the emerging markets from West Africa to the Russian Far East.”
