Richard Deitz didn’t realize how provocative his new firm’s name would be when he set it up in Moscow after the crisis. VR Group, the snipers say, stands for “vozrozhdenie or vozkrezenie Renaissance” – Russian for Renaissance revival or resurrected. Others claim it means virtual Renaissance.
Why the joke?
Deitz and the team at VR are the core of Russian broker Renaissance’s fixed-income team. Deitz himself was one of the four founders of Renaissance, along with Boris Jordan, now of MFK Renaissance, Stephen Jennings, president and CEO of Renaissance Capital and Leonid Rozhetskin, CEO of his own corporate finance boutique LV Finance.
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