02 November 2016
RenCap Securities Inc. announces two senior FICC team additions

The Firm continues to strengthen its Latin American offering

New York, 2 November 2016 - RenCap Securities Inc., the U.S. subsidiary of Renaissance Capital, a leading emerging and frontier markets investment bank, today announced the appointment of Declan Hanlon and Ivan Carmona to its Fixed Income, Currencies and Commodities (FICC) team in New York. Declan Hanlon joins the Firm as Managing Director, Desk Analyst, and Ivan Carmona has been appointed as Director, FI Trader. They will report locally to Victor Lugo, Director, FICC Sales, and Igor Kotlyarchuk, Head of FICC, globally. Their expertise will complement the Firm's existing CEEMEA product suite, which includes Russia & the CIS, Sub-Saharan & South Africa.

Mr. Hanlon has over 20 years of experience in investment banking across a diverse range of products. Prior to joining Renaissance Capital, he was Managing Director of Global Credit Markets at Nomura Securities International in New York, where he was a founding member of the US/EM Credit effort and Head of the Special Situation/Structured Credit underwriting group. His team was ranked first by the Eleonora Analyst and Trading survey in Emerging Markets in 2012-2014. Earlier, he was Managing Director and Global Head of the Credit Specialist Group at Barclays Capital. Mr. Hanlon holds an MBA from Columbia University and a BA in Business Administration from Iona College, New York.

Mr. Carmona has 10 years of experience in debt trading. Before moving to Renaissance Capital, Ivan was Director of EM Credit Trading at Credit Agricole in New York, managing the bank’s portfolio of corporate bonds in Latin America. Prior to that, he was Senior Vice President for Local Markets at Standard Bank, where he focused on corporate and sovereign debt in the Caribbean and Central America. He holds an MBA from the Thunderbird School of Management, Arizona and a BA in Development Studies from the University of California, Berkeley.

Igor Kotlyarchuk, Head of FICC, Renaissance Capital, commented: "We are glad to welcome Declan and Ivan to our team as part of the continued development of our Latin American offering. They both have extensive experience of working with emerging and frontier markets and will play a key role in enhancing our capabilities in Latin America, especially in driving the push for new mandates in the region. These hires demonstrate our commitment to expanding our offering and serving clients worldwide."

Renaissance Capital’s FICC team in New York trades a core group of Latin American credits in Brazil, Colombia and Mexico, across the consumer, energy, financial, industrial and TMT sectors. In addition, the team will soon introduce an EM Daily research publication, which will include topical pieces on credit stories.