15 May 2018
Renaissance Capital appoints Sergey Beiden as Utilities Analyst

Continues to strengthen its world-leading emerging and frontier markets research team

15 May 2018 – Renaissance Capital, a leading emerging and frontier markets investment bank, today announces the appointment of Sergey Beiden as Utilities Analyst, Director, in its Moscow office. Sergey will cover the utilities sector across Russia, emerging Europe and Africa, and will report to Daniel Salter,‎ Head of Research, Eurasia.

Sergey has deep industry experience in electricity markets and regulation, and strong expertise in equity research. He joins Renaissance Capital from Quadra Power Generation, where as deputy head of the company's strategy and development department from 2015, he created detailed financial models and advised on Quadra's long-term strategy. Prior to this, Sergey covered utilities as an equity research analyst for a range of investment banks between 2007 and 2015, culminating in his appointment as Senior Utilities Analyst (Director) at Otkritie Capital. Sergey benefits from a strong combination of investment banking, corporate and consulting experience, having previously worked for CARANA Corporation and the U.S. Food and Drug Administration (FDA).

Sergey holds an MBA in finance from California State University and the Moscow Institute of Business and Economics, as well as a Ph.D. in theoretical physics from the National Research Center "Kurchatov Institute" in Moscow. He graduated with an M.Sc. in applied mathematics and physics from the Moscow Institute of Physics and Technology, and has published over 45 papers in various scientific journals.

Renaissance Capital has announced several new appointments in a number of key roles across its research division in 2018. Ahmed Hafez joined as Head of MENA Research; Gregory Smith was appointed as a sovereign debt strategist; and Ivan Kachkovski joined as an equity research analyst covering the banking and finance sector.

Daniel Salter, Head of Research, Eurasia, Renaissance Capital, commented: “Sergey's wealth of utilities experience over nearly two decades in both equities research and corporate roles makes him ideally positioned to strengthen our coverage in this vital and highly complex sector. We are constantly seeking to improve our research offering, and reinforce our leading role across emerging and frontier markets equities, and I am delighted to welcome Sergey to Renaissance Capital's award-winning research team. Sergey’s experience brings a lot to the table, and I look forward to working with him and introducing his research to the firm’s clients."

About Renaissance Capital

Renaissance Capital is a leading emerging and frontier markets investment bank providing access to 50 markets across the globe with operations in Africa, Central and Eastern Europe, the Middle East, North America and Asia. Founded in 1995, the Firm has established market-leading positions in each of its core businesses – equity and debt capital markets, M&A, markets business division, including equity & equity derivatives, fixed income, FX & FX derivatives, commodities and REPO & financing; as well as Research, and prime brokerage. It has one of the largest EEMEA distribution and execution platforms with Sales and Trading teams present in London, Moscow, New York, Johannesburg, Cape Town, Lagos, Nairobi, Cairo and Dubai. Renaissance Capital employs top-ranked analysts who provide comprehensive EEMEA stock coverage and was ranked as the Best Bank in Frontier Markets in 2018 by Global Finance Magazine and No.1 Frontier Markets brokerage firm in the Extel Survey 2017. Renaissance Capital is owned by ONEXIM Group. For more information, please visit www.rencap.com/eng/

Renaissance Capital published its IFRS financial results for the full year ending 31 December 2017 on 23 April 2018. The Firm increased its net profit from the core business to $15.6 million, while operating income was up to $145 million.