What’s going on at Renaissance Capital?

By:
Abigail Hofman
Published on:

To the outsider, this reorganization again seems odd.

John Hyman used to work for Kelleher at Morgan Stanley when Hyman was co-head of capital markets at the firm. Now Hyman has been elevated from deputy CEO to CEO of Russian investment bank Renaissance Capital. Steve Jennings, the founder of Renaissance Capital, has retreated from his own firm. He sold the remaining 50% of RenCap, as well as Renaissance’s profitable domestic consumer credit business, Renaissance Credit, to Mikhail Prokhorov, the...