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| 9/29/2009 |
| Renaissance Group launches private banking business. Ekaterina Konstantinova to head |
Moscow, September 29 – Renaissance Group has announced today launch of new business line in its structure – Renaissance Private Banking. The newly created entity will focus on offering private clients (HNWIs and their family offices) in-house customized investment solutions, superior local and global investment products as well as a wide range of services and third-party products based on an open architecture platform.
Ekaterina Konstantinova is appointed CEO of Renaissance Private Banking effective immediately and report to Stephen Jennings who will also chair the Renaissance Private Banking Advisory Board. Prior to her new appointment Ekaterina has built on very successful Real Estate franchise within RIM, and she’ll continue to supervise Real estate funds in her role.
Ekaterina has more than 11-years experience in financial markets, including more than 7-year experience in asset management industry. Prior to coming to Renaissance Investment Management she was responsible for business development and management in the first-tier international and domestic industry leaders, such as Marubeni Corporation, National-Oilwell, Troika Dialog. Ekaterina graduated from Moscow State University and holds MBA from California State University, Hayward with specialization in Finance.
“We expect to see substantial growth in this segment in the nearest 2-3 years and undertake steps to benefit from it. That’s why we are creating leading private banking platform and we are going to provide to our existing and new clients the best global and local investment solutions,” Ekaterina Konstantinova, Renaissance Private Banking CEO stated.
“Private Banking will be one of the core businesses for Renaissance Group. We are aimed at becoming absolute leader in this segment. We expect assets under our management to exceed $20 bn by 2012,” Stephen Jennings, Renaissance Group CEO stated.
About Renaissance Group
Renaissance Group is an independent group of investment banking, asset and wealth management, merchant banking, and consumer finance companies specializing in high-opportunity emerging markets. Renaissance Group operates in Russia, Ukraine, Kazakhstan, Sub-Saharan Africa, the United Kingdom, the United States and Cyprus.
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