The Business Support Group (BSG) manages Renaissance Capital’s financial and operating infrastructure. It is also responsible for new product development and business initiatives, with a focus on revenue growth and cost containment. Because of the dynamic nature of Renaissance Capital’s markets and business developments, the BSG is continually upgrading the Firm’s financial, legal, IT, operational and risk capabilities.
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| Corporate Services |
The Corporate Services Department is responsible for the provision and management of the infrastructure of the Group in terms of office space, facilities management, procurement and business travel needs.
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| Marketing and Events |
The Marketing and Events Department is responsible for originating, planning and organizing all aspects of external Marketing and Event initiatives. This provides a marketing and business development platform to benefit the Group as a whole. Events organized include: Regional Investor Conferences, Sector Days, Client Visits, Deal & Non-Deal Roadshows, Client Hospitality & Entertainment.
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| Finance |
The Finance Department is responsible for all aspects of financial, management and regulatory accounting control of the Group’s operations and co-manages, with Treasury and Investor Relations, the Group’s relationships with banks, lenders, investors and rating agencies. The Finance Department is represented or consulted on all relevant committees of the Group’s operations.
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| Government Relations |
The Government Relations Department is responsible for developing and maintaining relations with Russian business and government leaders.
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| Human Resources |
The Human Resources Department is responsible for the Group’s human resources strategy including such processes as staffing and recruitment, organizational development, training and talent management, rewards and recognition.
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| Information Technology |
The Information Technology Department (the “IT Department”) is responsible for meeting the Group’s information technology needs and provides system coverage as well as the implementation of new solutions and developing new systems designed to meet the specific needs of individual products and business functions.
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| Internal Audit |
The objective of the Internal Audit Department (“IA”) is to identify operational, financial, technical, personnel, legal and other risks in order that business process owners can develop risk mitigation plans. The IA is independent from the business units and reports directly to the Audit Committee (as further described below). In special cases, third party consultants are retained to perform specific audit or investigatory work. It also conducts special reviews at the request of the senior management. The head of IA reports to the Audit Committee, which in turn reports to the RHML Group Executive Committee.
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| Legal and Compliance |
The Legal and Compliance Department (“LCD”) develops and administers policies and procedures designed to ensure compliance with legal and regulatory requirements in the jurisdictions in which the Group operates. LCD ensures that the Group maintains adequate levels of transparency, compliance and ethics. LCD also provides transactional support to all business divisions and manages the Group’s relationships with outside legal advisers.
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| Operations |
The Operations team is responsible for meeting the Group’s operational requirements. The role of the Operations Team is to provide operational support by ensuring the timely settlement of trades, deliveries and payments processing, account opening and client acceptance, provision of custody and brokerage services and various client servicing functions. The Operations Team participates in the geographical expansion of the Group, and works closely with other Business Support Group departments to address specific operational and market infrastructure issues which arise within each jurisdiction in which the Group operates.
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| Risk Management |
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The Risk Management department is responsible for enforcing an effective risk culture by making all risks transparent, establishing a set of limits, policies and procedures that ensure that risks are at all times within pre-approved levels, timely reporting all risks to line management and senior management, advising line management and senior management on risk issues.
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| Strategy, Communications and Investor Relations |
The strategy, Communications and Investor relations department is responsible for all strategic planning and corporate development processes of the Renaissance Group, including all of its business units and regions. The objective is to ensure that our strategy development is comprehensive, creative, consistent and analytically robust. The department is also in charge of all internal and external communications activities, including PR, Marketing and Branding as well as Investor Relations. Building a truly unique Renaissance brand will ensure that our clients, investors, governments, regulators and the societies in which we operate are comfortable with who we are and what we do so we can continue to grow our business.
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| Treasury |
The Treasury Department is responsible for managing the Group’s liquidity, capital markets and overall funding requirements. The function is also responsible for Group Asset/Liability management to include maturity, currency and interest rate risk management. Treasury also supports Finance and Investor Relations with the Group’s relationships with banks, lenders, investors and rating agencies.
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