Renaissance Capital

2024: Change of registration from Cyprus to Russia

In February 2024, the Onexim group of Mikhail Prokhorov re-registered the Renaissance Capital investment company from Cyprus to Russia. This is evidenced by the data of the Unified State Register of Legal Entities (USRUL).

According to Interfax with reference to this register, Onexim Group LLC became the owner of 99.99% of Renaissance Capital - Financial Consultant LLC. Previously, the only participant in Renaissance Capital - Financial Consultant LLC was the Cypriot Renaissance Financial Holdings Limited with the same beneficiary (through Onexim Holdings Ltd.), the news agency said.

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Renaissance Capital confirmed to the publication the change in the legal structure of ownership as part of the process of separating Russian and international businesses and clarified that the beneficiary of the company remained the same. The publication also states that Renaissance Capital - FC, which came under the control of Onexim Group LLC, owns, in turn, Renaissance Broker.

At the end of 2023, the Cypriot investment banking holding Renaissance Group Holdings (operating under the Renaissance Capital brand), whose companies operate in a number of jurisdictions, including Russia, the USA, Britain, as well as in African countries, announced a global restructuring of its activities. One of the steps in the framework of the restructuring was to be the transition of Russian business (represented by Renaissance Broker and Renaissance Capital - Financial Consultant) to Russian jurisdiction, but "without changing the ultimate beneficiary," Frank Media was told in the press service of Renaissance Capital. They also added that this "transition is related to current regulatory requirements and is designed to ensure greater operational flexibility of the business."^[1]

2022: New York office closure amid Ukraine conflict

On May 31, 2022, it became known that Renaissance Capital Investment Bank (RenCap) is closing its office New York in and terminating global research coverage of companies, wrote Bloomberg citing its sources. Also, according to them, RenCap can stop operations through the London office.

Renaissance Capital, according to its data, has eight offices at this time: in Moscow, London, New York, Cairo, Nicosia, Lagos, Nairobi and Johannesburg. More than 500 people work there.

2019

Renaissance Capital is an investment company specializing in emerging and border markets, with offices in Moscow, London, New York, Lagos, Nairobi, Johannesburg, Cape Town, Dubai, Cairo and Nicosia.

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