Renaissance Capital, the investment bank controlled by billionaire Mikhail Prokhorov, has hired Elena Kolchina from hedge fund Verno Capital as part of an expansion in emerging-market fixed income.
Kolchina rejoins the group in Moscow as a senior credit-desk analyst two years after she left to join Verno as a fund manager. The firm is also seeking to hire a fixed-income sales officer in London and may add another in New York, according to Igor Kotlyarchuk, head of fixed income, currencies and commodities.
“Elena will be responsible for analysis of credit and engaging with clients to generate ideas for Russia, CIS and sub-Saharan Africa,” Kotlyarchuk said by phone. “We are also looking at expanding to the Middle East, North Africa.”
The company is bolstering its Russian fixed-income team after hiring former JPMorgan Chase & Co. banker Dmitry Gladkov to head its debt capital-market products team in November. RenCap, which hasn’t been sanctioned by the U.S. or the European Union over the Ukraine conflict, is winning clients from Russian state-controlled lenders, according to Kotlyarchuk.
“It helps us to be a non-state institution and not to be on the sanctions list,” he said.