RenCap to Offer Execution Service in North Africa, Sacks Says
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Renaissance Capital, the Russian emerging-markets investment bank with operations in Africa, plans to offer execution services in Egypt, Tunisia and Morocco, Africa Chief Executive Officer Clifford Sacks said.
The company, known as RenCap, will start the services in northern Africa “imminently, not in months,” said Sacks, who was promoted to the position yesterday after serving as CEO of the company’s South African unit.