RenCap Global Sales Trading Head Lantos Leaves Russian BankJason Corcoran
Christian Lantos, global head of sales trading at Renaissance Capital, is resigning after more than a decade, the third senior manager to leave the Russian investment bank this month.
Anton Trifonov, a RenCap spokesman in Moscow, said in an e-mailed response to questions that Lantos is departing and declined to provide details. London-based Lantos, who was promoted to the role more than a year ago, didn’t answer calls to his mobile phone.
Yvonne Ike, chief executive officer of RenCap’s West African operations, quit last week to join Bank of America Corp. after almost three years with the firm. Alexander Merzlenko, RenCap president and head of investment banking for Russia, quit on June 2 after 14 years to take a break from the industry.
Equity and debt capital markets have seized up for Russian issuers since the annexation of Crimea in March led to sanctions from the U.S. and the E.U. against companies and Vladimir Putin’s inner circle. Investment banks in Russia earned just $125 million in fees in the year to May 18, a 69 percent drop on the same period last year, according to data compiled by Freeman & Co., a New York-based consulting firm.