Support The Moscow Times!

Jennings Exits Renaissance

Veteran banker Stephen Jennings is selling out of the Russia-focused investment bank he founded to focus on running his Renaissance Group's African business and its asset management operations, the company said on Wednesday.

Under the deal, Russian billionaire-turned-politician Mikhail Prokhorov's Onexim Group will buy the half of Renaissance Capital it doesn't already own and take over consumer lender Renaissance Credit.

John Hyman, Deputy CEO of Renaissance Capital, will take over from Jennings at the helm of the investment bank.

(Reuters)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more