Jordan joins the fold

Dawn raiders turn into gentlemen

Inside the bank

Potanin plays by the rules

“Mr Potanin cannot just pick up the phone like he can with Norilsk Nickel and Sidanko and tell us what to do,” says Renaissance Capital’s managing director of investment banking, Leonid Rozhetskin, rejecting speculation that following the merger of Renaissance and Unexim associate bank ICFI, the new company, MFK Renaissance, will be beholden to Unexim.

Boris Jordan, who founded Renaissance in May 1995 after leaving the Moscow branch of CSFB and who will be chief executive of the new company, is equally firm: “Unexim has very aggressive positions on certain industrial assets and competitors are not happy about it.