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| 11/18/2009 |
| Renaissance Capital appoints Igor Kamenskoy as Chairman of the Board |
Moscow, November 18, 2009 – Renaissance Capital announces the appointment of Igor Kamenskoy as Chairman of the Board. A long-serving member of the Federation Council, Russia’s upper house of Parliament, Igor Kamenskoy will oversee Renaissance Capital’s relationships with Russian government agencies and regulators as well as state corporations.
Kamenskoy’s appointment will become effective immediately following his stepping down from the Federation Council, which is expected to occur at the close of this month.
Commenting on the appointment, Stephen Jennings, Chief Executive Officer of Renaissance Group, said: “Igor has a wealth of first-hand experience working with government institutions and building strong relations in this sphere. I am confident that at Renaissance Capital he will create new opportunities for the Firm that will grow our position in the market and allow us to continue to expand the strength and range of our offerings to clients.”
“Renaissance Capital is currently on its way to implementing a very ambitious goal -- building a Russia-based investment banking leader with a reach across much of the emerging market universe. I am ready to contribute my knowledge and experience to assist the Firm in achieving this objective,” Igor Kamenskoy, Chairman of the Board at Renaissance Capital, said.
Prior to joining Renaissance Capital, from 2002 Kamenskoy served as a member of the Federation Council of the Russian Federal Assembly representing Krasnoyarsk Krai, and earlier the Republic of Ingushetia. Kamenskoy’s track record also includes a number of senior roles in the federal government, including Deputy Chairman of the Committee on Federation Issues and Regional Policy and Deputy Chairman of the Committee for Social Policy. From 1998-2000 Kamenskoy served as Vice President of Rosbank and from 1992-1999 he was Vice President of Soyuzkontrakt. Since 2006 Kamenskoy has served as Deputy Head of the Expert Commission of the High Council of United Russia. He holds a degree in languages from Moscow Pedagogical University.
About Renaissance Capital (www.rencap.com)
Renaissance Capital is a leading investment banking firm in the CIS, 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.
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