RenCap appoints John Hyman, Igor Vayn as co-CEOs

Renaissance Capital has divided the job of chief executive officer between two bankers by promoting John Hyman, who joined the Russian investment bank last year, and hiring Igor Vayn from Otkritie.

Hyman was also appointed as chairman of the Moscow-based company, according to a statement from the firm.

Hyman was interim chief executive after Stephen Jennings stepped down three weeks ago following RenCap’s decision to sell out to billionaire Mikhail Prokhorov’s Onexim Group. The buyout transaction “is subject to regulatory consents in the jurisdictions where these companies operate”, RenCap said.

Hyman, a 20-year veteran of emerging markets investment banking, has been in charge of RenCap’s global investment banking business and was appointed deputy chief executive in June 2012.

Vayn gave up the post of chief executive of Moscow’s Otkritie Capital, which he had held since 2011, to return to RenCap, where he was head of equity operations in 2007-2010.

He was Deutsche Bank’s head of sales for Russia in 2006-2007 and vice-president of United Financial Group (UFG) from 1997 to 2006.

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