Business Services Industry
RUSSIA: RENAISSANCE CAPITAL BECOMES MEMBER OF LONDON STOCK EXCHANGE.(Brief Article)
IPR Strategic Business Information Database, February, 2002
Renaissance Capital, the Russian investment bank, has become a member of the London Stock Exchange. This means that the company will allowed to trade the American Depositary Receipts (ADRs) of the 11 Russian companies listed on the exchange. Renaissance Capital is the first Russian investment bank to obtain membership on the London Stock Exchange.
Stephen Jennings, the CEO of Renaissance Capital, stated "This is an extremely important move for our organization." He added "Renaissance Capital now represents a unique combination of trading facilities on a par with any global investment bank," according to the Moscow Times. Renaissance Capital is a leading Russian investment bank which focuses on equity and fixed income brokerage, corporate finance and debt capital...
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