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Renaissance Group Chairman Pertsovsky to Leave, Vedomosti Says

Oct. 5 (Bloomberg) -- Alexander Pertsovsky, chairman of Renaissance Group, will leave the Russian company shortly, Vedomosti reported, citing several friends that weren’t identified.

His responsibilities will be divided between Alexander Merzlenko, head of investment banking in Russia, and John Hyman, deputy president of Renaissance Capital, the newspaper said. Pertsovksy, who has been at the bank since 2002, quit his post as head of RenCap in June, Vedomosti reported then.

“Pertsovsky continues to advise Renaissance Group companies on strategic matters and transactions in Russia and other geographies,” Renaissance Group’s press service wrote in response to an enquiry asking whether he was leaving.

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To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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