MOSCOW City
Renaissance Group, a leading emerging markets investment company, has separated from its investment banking division to focus on asset management, African urban developments, consumer finance in Africa, and Russian real estate funds.
CEO Stephen Jennings will continue to lead the firm, which now comprises Renaissance Asset Managers, the emerging markets-focused asset management company; Rendeavour, a leading developer of visionary African cities; Renaissance Credit Nigeria, the recently launched consumer finance business; and Renaissance Real Estate’s award-winning Russia funds in Russia.
The separation of these business units under the Renaissance umbrella follows an announcement by Renaissance Group and Onexim Group of the sale of Renaissance Capital and Renaissance Credit in Russia, to Onexim.
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