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Moscow-based Renaissance Capital could lay claim to being the first non-western broker-investor to recognize the interconnected power of the world’s emerging markets.
RenCap ploughed into Africa in the mid-2000s, branching out into Europe and parts of Asia. In so doing, it has patched together a brokerage that claims to be, in the words of Alexander Merzlenko, deputy CEO and head of Russia and CIS investment banking, the world’s “leading emerging market-focused global player”.
So do such claims stack up? In part, they do.
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