By Andrei Skvarsky.
Renaissance Capital has added the coverage of Russian consumer-related sectors {{{*}}} to the duties of its analysts David Ferguson and Nick Robinson, who until now have been covering media, information technology and real estate sectors in Europe, the Middle East and Africa (EMEA).
Ferguson, who has been with RenCap for six years, has been appointed as head of the consumer, media and IT research group for Russia, and Robinson, who joined the Moscow-based investment bank a year ago, is now an analyst in the group, the firm said in a statement.
Earlier this month, Stockholm-headquartered asset manager East Capital insisted that consumer-related industries offered some of the best investment opportunities in Russia.
Over a month ago, the biggest Russian lender Sberbank released an extensive body of research, lavishly supplied with graphs and statistics, purporting to prove that those planning to invest in Russia would be best-advised to go to consumer-related sectors rather than to the oil and gas industry.
RenCap has a team of 35 EMEA analysts, covering an array of sectors in Russia, the CIS, Central and Eastern Europe, Central Asia, Sub-Saharan Africa, and Turkey.
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