RENAISSANCE CAPITAL has appointed Chris Baxter, the former chairman of investment banking as the chief executive of Renaissance Partners, to lead its private equity business. His appointment is subsequent to the loss of two seniors (Richard Olphert and Rory Cullinan, chairman and deputy chairman) from the division ever since the start of the year. The size of the private equity team has come down to 8 from 12 as the firm cut hundreds of jobs due to the collapse of Russian asset values.
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