By Andrei Skvarsky.
Renaissance Capital, a Moscow-based investment bank with global operations, has hired Ivan Kachkovski, formerly a senior researcher at Deutsche Bank, as an equity analyst for Russia, the Commonwealth of Independent States and emerging Europe.
Kachkovski will be based in London and report to Daniel Salter, RenCap’s head of research for Eurasia, according to a statement from the bank, which focuses on emerging and frontier markets.
Before joining RenCap, Kachkovski was vice-president for banking research for Central and Eastern Europe, the Middle East and Africa at Deutsche Bank.
Previously he was an equity and fixed income analyst for Russia at Russian investment bank Aton, and earlier on a banking and economics analyst at Russian investment company IFC Metropol.
RenCap has sales and trading teams in London, Moscow, New York, Johannesburg, Cape Town, Lagos, Nairobi, Cairo, and Dubai.
It showed robust performance for 2017, with its core business generating a net profit of $15.6m, which was a year-on-year increase of 43 per cent.
RenCap co-chief executive Anna Vyshlova recently attributed the bank’s successes to its human resources. The firm has made several senior hires since 2017.
RenCap has been ranked as the best bank in frontier markets in 2018 by the Global Finance magazine and as the number one frontier markets brokerage in the 2017 Extel Survey (an annual survey by the London-based Extel evaluation team).
RenCap is owned by ONEXIM Group, a Russian private investment fund set up by Russian billionaire Mikhail Prokhorov.
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