- RenCap Named Top Frontier Markets’ Brokerage Firm
Renaissance Capital, an emerging and frontier markets investment bank, has been ranked the number one frontier markets’ brokerage firm in the 2017 Extel Survey for the second year in a row.
The firm, in a statement on Thursday, said it was ranked number two in the Russian Economics and Macro category and number seven in the overall Leading Pan-Emerging Europe Brokerage Firms category, significantly building on its positions from 2016.
Renaissance Capital is the only Russia-based investment firm ranked in the top 10 of the grouping, and is the top-ranked regional firm in the Emerging Europe category.
In the individual rankings, the firm’s Global Chief Economist, Charles Robertson, was rated the number one frontier markets analyst, while its Sub-Saharan Africa Economist, Yvonne Mhango, was rated number three, and Head of Research for Eurasia, Daniel Salter, emerged number five.
The firm’s Russia and CIS Economist, Oleg Kouzmin, was rated number three in the Russian Economics and Macro category.
According to the statement, winners were chosen from among over 11,500 individuals from 568 sell-side firms, with over 15,500 investment professionals voting in the survey.
Salter said, “Our 2017 Extel rankings are an excellent recognition of the firm’s outstanding research capabilities. The firm’s top frontier markets ranking underlines our unparalleled strength in these geographies, while our excellent results in the Russian Economics and Macro, and Emerging Europe categories highlight our consistently strong offering throughout the region.
The Co-Chief Executive Officer, Renaissance Capital, Ruslan Babaev, said the firm was pleased to be recognised as the leading frontier markets brokerage firm for the second consecutive year by Extel Survey.
He said, “Our overall position in the top 10 Pan-European Brokerage Firms for Emerging Europe, coupled with our top individual placings, demonstrates that the individual excellence of the firm’s leading analysts is complemented by the team’s strength in depth.
“These outstanding results follow our excellent rating in South Africa’s 2017 Financial Mail Survey and serve as a strong testament to our excellent research capabilities, which we continue to boost year on year.”
According to the statement, Extel is the foremost independent evaluation of quality across the European equities investment industry, and the Extel Survey is the largest study of its kind worldwide, with the rankings’ results based on commissions paid for EMEA products.