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| 12/10/2009 |
| Renaissance Capital enters Belarus, strengthens its regional platform |
Kiev, Minsk, December 10, 2009 – Renaissance Capital today announced the opening of a representative office in the Republic of Belarus.
The office will be led by Sergey Levin, who joins the Firm as Chairman for Renaissance Capital in Belarus, and will be based in Minsk. The office will be staffed locally and supported by Renaissance Capital’s investment banking hub in Kiev.
Sergey Levin is a Belarusian national with extensive experience in the Belarusian private and public economy.
Renaissance Capital will offer the full range of investment banking services in Belarus including access to equity and debt capital markets, securities sales and trading, M&A, research and derivatives and will promote the Republic of Belarus as an investor destination to foreign institutions and industries.
“We strongly believe in the potential of Belarus”, says Peter Vanhecke, CEO, Renaissance Capital Ukraine & CEE. “It is a promising market with good potential and it is a natural fit with the other regional markets in which Renaissance Capital operates. Furthermore, with Sergey, we have found a strong partner to help us with our development in Minsk,” said Mr. Vanhecke.
Sergey Levin added: “I have been involved in investments in Belarus for the past ten years and hence have accumulated broad and, what is more important, successful experience in the country. I am convinced that the opening of a representative office by Renaissance Capital in Minsk will open new financial opportunities for investing in the economy of Belarus and assist in the economic development of the country and its industries.”
The entry into the Belarusian market is a further step in Renaissance Capital’s regional expansion into the Central and Eastern European region. The Firm is in the process of entering a number of countries in Eastern, Central, and South Eastern Europe, centered as a cluster around its investment banking hub in Kiev.
“Regional expansion throughout our key geographies is a core development strategy for Renaissance Capital. Our focus is on being the leading investment bank in our chosen emerging market space and leveraging our existing platform to achieve this goal. We are excited about cooperation with the public and private sector in Belarus and about our role as a financial intermediary that will help accelerate the growth of the country,” said Stephen Jennings, CEO, Renaissance Group.
Renaissance Capital is the world’s largest privately owned investment bank dedicated to high opportunity emerging markets, the leading investment banking firm in Russia, Ukraine, Central Asia and Sub-Saharan Africa. Renaissance Capital has market-leading positions in each of its core businesses – M&A, equity and debt capital markets, securities sales and trading, research and derivatives. Renaissance Capital is part of the 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, Belarus, Kazakhstan, the United Kingdom, the United States of America, Cyprus and Sub-Saharan Africa.
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