24 April 2018
Renaissance Capital appoints Ivan Kachkovski as Banking and Finance Analyst

Further strengthening the Firm’s bespoke research offering

London, 24 April 2018 – Renaissance Capital, a leading emerging and frontier markets investment bank, today announces the appointment of Ivan Kachkovski as an Equity Research Analyst covering the banking sector and finance institutions in Russia, as well as in frontier and emerging markets across the CIS and emerging Europe. Ivan will be based in London and report to Daniel Salter, Head of Research, Eurasia, at Renaissance Capital.
 
Daniel Salter, Head of Research, Eurasia, commented: “We are pleased to welcome Ivan to the team. He is an experienced and professional analyst, well recognised by corporates and clients alike for the strength of his analysis. We believe Ivan’s longstanding expertise and financial industry insight will be a great addition to the strength of our research offering to clients”.

Commenting on his appointment Ivan Kachkovski said: “I am delighted to be joining Renaissance Capital’s research team. Renaissance Capital has demonstrated a longstanding commitment to research excellence and is widely acknowledged as an industry leader for the quality of research it produces”.

Prior to joining Renaissance Capital, Ivan was Vice President of CEEMEA Banks Research at Deutsche Bank from 2015, within its Top-3 Institutional Investor-rated CEEMEA Financials team. Previously, he served as a Director, Equity and Fixed Income Research at Aton in 2011-2015, focusing on Russian financials. Ivan was rated #2 analyst in 2014 and #3 analyst in 2015 according to Extel Russia: Banks and Other Financials Survey. In 2009-2011, Ivan was a Banking and Economics Analyst at IFC Metropol.
 
Ivan graduated from Moscow State University, majoring in mechanics and mathematics with a BSc in Applied Mathematics, receiving a diploma with honours (2004). He is a CFA® charterholder.

Renaissance Capital continues to hire senior emerging and frontier markets talent and specialists across EEMEA, to provide a class-leading service for its clients.

The Firm has recently reported its full-year 2017 financial results, recording a net profit from core business at $15.6mn, up 43% YoY. The Firm’s full statement on its FY 2017 IFRS financial results is available to view here.

Renaissance Capital has also been recently recognised by the world’s leading industry surveys, such as Institutional Investor's 2017 All-EMEA Research Team survey and the Extel Survey 2017, in addition to the Global Finance magazine 2018 award, naming Renaissance Capital the Best Bank in Frontier Markets.
 

About Renaissance Capital


Renaissance Capital is a leading emerging and frontier markets investment bank providing access to 50 markets across the globe with operations in Africa, Central and Eastern Europe, the Middle East, North America and Asia. Founded in 1995, the Firm has established market-leading positions in each of its core businesses – equity and debt capital markets, M&A, markets business division, including equity & equity derivatives, fixed income, FX & FX derivatives, commodities and REPO & financing; as well as Research, and prime brokerage. It has one of the largest EEMEA distribution and execution platforms with Sales and Trading teams present in London, Moscow, New York, Johannesburg, Cape Town, Lagos, Nairobi, Cairo and Dubai. Renaissance Capital employs top-ranked analysts who provide comprehensive EEMEA stock coverage and was ranked as the Best Bank in Frontier Markets in 2018 by Global Finance Magazine and No.1 Frontier Markets brokerage firm in the Extel Survey 2017. Renaissance Capital is owned by ONEXIM Group. For more information, please visit www.rencap.com/eng/

IFRS financial results for the full year ending 31 December 2017 (published 23.04.2018):
• Net profit from core business – $15.6mn, up 43% YoY
• Operating income – up 8% YoY to $145mn
• Equity-to-assets ratio – at 15%
• Total assets and equity – $3,260mn and $486mn