18 January 2017
Renaissance Capital announces new appointment to Sub-Saharan Africa consumer research team


The Firm builds on its strong African presence

Lagos and Cape Town, 18 January 2017 – Renaissance Capital, a leading emerging and frontier markets investment bank, today announced the appointment of Adedayo Ayeni to its Sub-Saharan Africa research team. Mr. Ayeni has joined the Firm to take over responsibility for the Firm's industrials and consumer coverage in the SSA universe, working in close collaboration with the already strong Renaissance Capital analyst team across the continent.

Mr. Ayeni reports to Michael Harris, Head of Research, and Temi Popoola, Chief Executive Officer for Nigeria.

Mr. Ayeni has over seven years' experience of analysis across the Sub-Saharan Africa consumer sector, and has been ranked by Bloomberg among the top analysts covering leading regional companies. Prior to joining Renaissance Capital, he spent over a year at Banco Português de Investmento (BPI) Capital Africa in Cape Town as an Equity Research Analyst, where he covered regional cement producers and the broader consumer sector. Previously, he was at CSL Securities for over four years, where he was instrumental in building up the consumer franchise, as well as initiating the company's coverage of the palm oil industry. Before this, Mr. Ayeni was Senior Economic Research Analyst at Financial Derivatives, an economic research and consultancy company based in Lagos. Mr. Ayeni holds a degree in Economics from Babcock University and an MBA from the Lagos Business School.

Temi Popoola, Chief Executive Officer for Nigeria, commented: "We are very pleased that Adedayo has joined our Sub-Saharan Africa team. His extensive experience and insight into the regional consumer and industrial sectors will ensure that our analysis remains at the forefront of Sub-Saharan Africa research. This appointment illustrates Renaissance Capital's ongoing commitment to enhancing its Sub-Saharan Africa client offering."