RenCap announces two hires for Africa team, one hire for London unit

By Andrei Skvarsky.

Investment bank Renaissance Capital has announced three hires – two for technology-related research positions in its Africa operation and one for a London-based role of overseeing the firm’s relations with key institutional and retail clients.

Yusuf Ibrahim has been hired as an analyst for venture investment in private-sector technology companies in Africa, including financial technology firms, according to a statement from RenCap, a bank focusing on emerging and frontier markets across the globe.

Douye Mac-Yoroki hasjoined as an analyst for public company analyst for frontier and sub-Saharan Africa (SSA) markets. He will focus on banks and fintechs.

Both Ibrahim and Mac-Yoroki will be based in Lagos and report to Adesoji Solanke, director for frontier and SSA bank and fintech equity research.

Alexander Makarin, whose appointment in London takes effect on December 1, will be in charge of the bank’s relations with family offices, high-net-worth individuals as well as companies and funds, according to another RenCap statement.

Ibrahim comes to RenCap from Chrysalis Capital, a Lagos-headquartered investment management firm focused on early-stage tech companies. Previously he had worked at advisory company AVA Capital Group and investment firm Prosperis Holdings Company, both headquartered in Lagos.

Mac-Yoroki joined RenCap from Lagos-based firm Investment One Financial Services.

Makarin’s record includes positions in private banking and corporate finance at Barclays, Union Bancaire Privee, Citi, Unicredit and Standard Bank.

“HNWIs and family offices represent a high-opportunity niche across our key markets,” said Vyshlova.

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