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| 2/12/2010 |
| Renaissance Capital announces changes to its senior management structure |
Moscow, February 12, 2010 - Following the announcement of a series of major hires to strengthen the management of Renaissance Capital, responsibilities among some members of the existing senior management team have been reallocated.
Alexander Pertsovsky will move from Chief Executive Officer to President and First Deputy CEO of Renaissance Capital. Mr. Pertsovsky will continue to oversee the Firm's institutional securities business, Russia and CIS businesses and to manage senior client relationships internationally. Stephen Jennings, currently Chief Executive Officer of Renaissance Group, will additionally assume the role he held until mid-2007 as Chief Executive Officer of Renaissance Capital.
Ruben Aganbegyan, currently President, is to take on the position of Deputy CEO of Renaissance Capital. Mr. Aganbegyan will continue to focus on Renaissance Capital's core Russia business, managing key client relationships and overseeing the firm's public affairs function.
Renaissance Capital (www.rencap.com)
Renaissance Capital is a leading investment banking firm in Russia, Central Asia, Eastern Europe and 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.
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