By Andrei Skvarsky.
Renaissance Capital, an investment bank with operations in emerging and frontier markets across the globe, has made five hires for its distribution team to fill roles such as oversight of structured products and the high-net-worth individual (HNWI) clientele.
RenCap quoted one of its senior managers as saying that, despite the Covid-19 pandemic, there is “steady demand from clients” and that, “like many of our clients, we treat the crisis as an opportunity”.
All five newcomers will take their duties in April and will be based in Moscow, RenCap said in a statement.
Ravil Miftyakhetdinov has been appointed as business development director and will focus on HNWIs. He joins from Russian investment company Aton, where his latest role was that of partner, head of HNWIsand head of the external management platform.
Nikolay Shakarov has been hired as investments and advisory director to work with both private and institutional clients.
He also arrives from Aton, where was deputy head of private clients, among other things advising HNWIs, ultra-high net-worth individuals (UHNWIs) and family offices.
Anton Shkurovich, who will also have the position of director and will specialise in structured product sales, is still working at Russian bank Otkritie but will come over to RenCap shortly, according to the RenCap statement.
His position at Otkritie is that of managing director for structured products.
In this role he is focusing on new client origination and structuring transactions such as mezzanine and shareholder financing, leveraged buyouts (acquisitions using significant amounts of borrowed money) and management by objectives (a strategic management model that involves the setting of objectives jointly by management and employees).
NHWIs will also be the area of responsibility of Vasilii Belokryletskii, who is moving over from Yekaterinburg, where he has overseen business development for STIPS FinTech, a London-headquartered startup he has co-founded and used to co-own.
Dmitry Kotegov’s role at RenCap will be to build up relationships with private and institutional clients. Formerly he was a portfolio manager at a UHNWI family office in Yekaterinburg and CEO and co-owner of STIPS FinTech.
Earlier on, he had developed a UHNW and corporate client portfolio at Aton.
The new bankers will report to Grigory Sedov, global head of private clients and head of distribution, Russia and the Commonwealth of Independent States.
“Despite market turbulence globally,” the RenCap statement quoted Sedov as saying, “we see steady demand from clients, particularly HNWIs, looking to get exposure to many emerging-market and frontier-market asset classes, and Renaissance Capital provides a great choice of solutions thanks to a unique geography of operations and one of the largest distribution platforms in Europe, the Middle East and Africa.”
“Like many of our clients, we treat the crisis as an opportunity and enhance our offering via selective best market hires,” Sedov said.
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