Renaissance Asset Managers (RAM), the specialist asset manager focused on emerging Europe, Russia and Africa, has appointed Barbara Rupf Bee as CEO. Rupf Bee will lead RAM’s strategy in emerging and frontier markets, overseeing 30 investment professionals and assets under management of $2.8bn. RAM also announced that Plamen Monovski has been named President, in addition to his responsibilities as Chief Investment Officer.
The appointments mark the further expansion of RAM’s executive and fund management structure, following the Firm’s recent acquisition of three emerging Europe funds from Griffin Capital Management, adding four new fund managers to RAM’s team and bringing its assets under management to over $2.8bn.
Rupf Bee joins RAM from HSBC Global Asset Management, where she had been Global Head of Institutional Sales since November 2007. Prior roles at HSBC include CEO of HSBC Alternative Investments Ltd, London; investment advisor to HSBC’s fund of hedge funds and institutional client portfolios (2005-2007); and Global Head of Alternative Business Development & Sales at HSBC Private Bank (2003-2007). Prior to 2003, Rupf Bee held senior positions at Union Bancaire Privée, Zurich; the Julius Baer Group; creInvest AG; and J.P. Morgan’s international Private Banking division.
Plamen Monovski, who joined RAM in January 2010, formerly co-managed the BlackRock Emerging Europe Fund, a pre-eminent specialist fund with assets that reached $9bn, winning awards in 26 countries and a AAA rating from Standard & Poor’s. He later went on to head BlackRock’s global emerging markets team, which managed a multitude of portfolios for blue-chip global institutions.
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