15 March 2018
Renaissance Capital announces appointment of Gregory Smith as sovereign debt strategist

Boosts FICC team’s strong coverage with sovereign debt research product

London, 15 March 2018 – Renaissance Capital, a leading emerging and frontier markets investment bank, today announced the appointment of Gregory Smith to lead its Frontier and Emerging Markets sovereign debt strategy research product for fixed-income investors.

Working closely with Renaissance Capital's award-winning economics research analysts, Greg will provide a regular research product to be used primarily by the Firm's Fixed Income, Currencies and Commodities business’ sales and trading group. The appointment gives a valuable boost to the FICC business, which already has a strong corporate research offering. Greg will work within the FICC division and report to Charles Robertson, the Firm's Global Chief Economist.

Greg is excellently placed to lead Renaissance Capital's product offering in this area, having spent several years as a frontier-markets economist, with a particular emphasis on sovereign debt sustainability analysis. Most recently, he was a Senior Economist at the World Bank from 2012, where he focused on East Asian and Sub-Saharan African economies, including Mongolia, Zambia and Ghana, and researched frontier markets in Washington DC. Prior to this, Greg was a Senior Consultant for Crown Agents, an international development company, where among other projects, he led a team providing economic management support to the Zimbabwean government.

Greg was a Consulting Economist for the World Bank and the UK government between 2006 and 2011, supporting African economies including Sierra Leone and Tanzania. He began his career on the Overseas Development Institute’s Fellowship Scheme, working as an economist in the Ugandan finance ministry. He holds a PhD in Economics from the University of Nottingham, in the UK.

Charles Robertson, Global Chief Economist, commented: "Renaissance Capital's award-winning macro strategy team has been strengthened by the appointment of former World Bank economist Gregory Smith to develop a dedicated Frontier and Emerging Markets debt strategy product for fixed-income investors. Africa, the CIS and the Middle East are seeing their fastest-ever rise in Eurobond issuance, and Renaissance Capital is investing in capacity to ensure we can continue to provide the quality research that the financial community needs. Greg will seek out the best ideas in the A-Z of sovereign issuers, from Azerbaijan to Zambia, and in local currency issuance from Nigeria to Russia."

"Greg’s experience is ideal for the role – having helped train government officials on external debt sustainability frameworks in Sub-Saharan Africa, conducted thematic research on frontier markets out of Washington DC, and studied countries in depth, most recently as the in-house World Bank economist based in Zambia."