Wednesday, September 22, 2021 / 2:59 PM / Release by Renaissance
Capital / Header Image Credit: Renaissance Capital
Renaissance Capital, a leading emerging and frontier markets investment bank, is pleased to announce two new hires in its Africa tech/fintech and banks research and venture-investing teams. Yusuf Ibrahim has joined the Firm as an Analyst on the Africa private markets tech/fintech research and venture investing team. Earlier in August, Douye Mac-Yoroki joined Renaissance Capital as an Analyst on the listed frontier / SSA banks and fintech research team. Douye will assist Oluwatoyosi Oni, frontier / SSA banks and fintech research analyst, on listed banks and fintech research coverage in frontier/SSA markets. Both joiners will be based in Lagos and will report to Adesoji Solanke, Director, Frontier / SSA Banks & Fintech Equity Research at Renaissance Capital, who also drives the Firm's Africa tech/fintech research and venture investing efforts.
Adesoji Solanke, Director, Frontier / SSA Banks & Fintech Equity Research, Renaissance Capital, said: "We are happy to welcome Douye and Yusuf and add fresh young talent to our team. Fintech is the fastest-growing sector in the Africa tech space today, attracting significant funding and creating tremendous economic value. Renaissance Capital already boasts established expertise with a dedicated and award-winning Africa financials/fintech team, covering 20+ listed and pre-IPO companies. Most recently, we were happy to arrange a specialist Nigeria Tech / Fintech Conference on 9 September. The event was a great success, evincing considerable investor interest in the sector. We held marathon discussions across eight panels that covered key facets of the mushrooming industry. As a Firm, we have decided to double down on the Africa tech and fintech space, active in advisory, research and venture investing. We will lead with knowledge and transparency to help reduce the friction with sourcing equity or debt capital for tech companies, and drive exits, mergers and acquisitions by connecting entrepreneurs with financiers and strategic investors around the world".
Yusuf joined from The Chrysalis Advisors, where he was a Junior Associate involved in the advisory and capital-raising processes for payment infrastructure, agency banking and third-party logistics start-ups, amongst other things. He previously worked as an Investment Banking Analyst at AVA Capital Partners Limited and as an Investor Relations and Strategy Analyst at Prosperis Holdings Company Limited. Yusuf was awarded the CFA Access Scholarship and is an Associate Chartered Accountant. He graduated from University of Lagos with a first-class bachelor's degree in Economics, and from Yaba College of Technology with a diploma in Accountancy.
Prior to joining Renaissance Capital, Douye worked for Investment One Financial Services as an Equity Research Analyst. His responsibilities included creating and updating detailed financial and valuation models, co-designing, and advising on the investment team's initiative to grow foreign equity market exposures and sell-side coverage across various banking, industrial and oil & gas companies, with detailed opinions and recommendations for institutional and retail clients. Douye is a CFA Level II candidate. He graduated from London School of Economics with a graduate diploma in Economics, and from Crawford University with a bachelor's degree in Economics.
Yusuf Ibrahim, Analyst on the Africa private markets tech/fintech research and venture investing team
Douye Mac-Yoroki, Analyst on the listed frontier / SSA banks and fintech research team
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, North America, and Asia. Founded in 1995, the Firm has established market-leading positions in each of its core businesses â€“ 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, and Cairo. Renaissance Capital is owned by ONEXIM Group. For more information, please visit www.rencap.com/eng/.
Renaissance Capital published its IFRS financial results for 1H21 (ending 30 June 2021) on 17 September 2021. During the reporting period, net profit was USD6.45mn. Operating income was USD80.3mn.
In the 2020 Financial Mail awards for African equity research, the Firm's local team was ranked #3. The team excelled in the sectors covered by Renaissance Capital and was rated top-3 in 13 sectors. The SSA team scooped the #1 rating in both the equities and non-equities categories.
The Firm was named Investment Bank of the Year for Emerging Markets in Europe and Independent Investment Bank of the Year for Sustainability in 2020, the most innovative Investment Bank in Emerging Markets in 2018 and the Most Innovative Investment Bank from CEE in 2019 by The Banker's Investment Banking Awards. The Global Finance's Best Investment Banks award named Renaissance Capital as the Best Investment Bank in Frontier Markets for 2018 and the Best Debt Bank in Central and Eastern Europe for 2020, Best Bank for Crisis Financial Solutions in CEE and Best Investment Bank in Kenya in 2020. In addition, Renaissance Capital became the winner of Global Finance magazine's inaugural Sustainable Finance Awards 2021 in the categories 'Outstanding Sustainable Financing in Emerging Markets in CEE' and 'Outstanding Leadership in Social Bonds in CEE'. GlobalCapital named Renaissance Capital #1 in the category Most Impressive Local Bank for CEE Bonds in 2018. Also, Renaissance Capital was named the Best Investment Bank in Russia in 2018 in the Euromoney Awards for Excellence 2019.
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