By Andrei Skvarsky.
Russian brokerage Renaissance Capital has hired Amr Aboushaban from Bank of America Merrill Lynch as vice-president in its equities sales team.
Aboushaban’s main responsibility will be client coverage in London and across Europe, but his duties will include helping to build out coverage in the Middle East and North Africa, RenCap said in a statement.
Aboushaban, who will be based in London and report to global head of equity distribution Florian Hellmich, held various positions at Bank of America Merrill Lynch, which he joined in 2007 and where he worked in emerging markets sales.
Among RenCap’s recent hires are Robert Lamprecht, head of African sales, Harry Stanford, director in equity sales trading in London, Ozlem Turgay, an equity salesman in the Istanbul office, and Ilya Lobanov, director in the equity sales team in Moscow.
RenCap, whch is part of Russian billionaire Mikhail Prokhorov’s Onexim group, has operations in Russia, Central and Eastern Europe, Asia and Africa, and has access to those markets through London and New York.
It has a variety of core businesses – mergers and acquisitions, equity and debt capital markets, securities sales and trading, research, and derivatives.
The markets it operates in include metals and mining, oil and gas, and agriculture.