The announcement, contained in a statement in Accra, said Ali Khalpey had been appointed Head of South Africa and Sub-Saharan Africa Equities, expanding his current South Africa role to the rest of Sub-Saharan Africa.
Mr. Khalpey, who joined Renaissance in January 2010, was Head of Equities, South Africa. Based in Johannesburg, he oversees the sustained growth of the Firm’s equities platform across its core markets in Africa.
Mr. Khalpey maintains a dual reporting line to Clifford Sacks, CEO of Renaissance Capital in Africa, and Yonatan Gozdanker, Global Head of Equities.
In Nairobi, Stanley Kariuki has been appointed Head of Equities, Kenya.
Mr. Kariuki joined Renaissance Capital in 2011 as an equity trader, and since then has led regional client coverage. In his new role, he will oversee the local team, ensuring that trading and operations in the region are of the highest quality and efficiency.
Yonatan Gozdanker, Global Head of Equities, Renaissance Capital, said: “These appointments will drive execution co-ordination and management of client coverage on a cross-regional and cross-functional basis, enabling the Firm to continue growing its market share and dominance.”
Renaissance Capital, part of the Renaissance Group, is present in 20 countries, six of them in Africa. The Firm’s global distribution of equity and debt securities and research is managed from hubs in London, New York, and Moscow. Renaissance Capital’s on-the-ground presence in key African markets complements the Firm’s established EM platform, and its focus on intermediating cross-border investment flows.
Renaissance Capital has fully fledged investment banking businesses in the major Sub-Saharan African (SSA) and international markets. It operates a comprehensive investment banking, research and sales and trading business, with 150 professionals overall covering SSA.