The Renaissance Group, an international investment group, plans to close its Ukrainian division, reads a posting on the Web site of Forbes Ukraine publication.
According to the report, two former employees of Renaissance Capital LLC (Kyiv) informed Forbes Ukraine about the closure.
The report says that Ihor Bilous, who until recently was director of the investment and banking department of the Ukrainian company, said that “this is not so.” According to information of the former employees in Renaissance Capital, Bilous and co-director Roman Nasirov will be freelance advisors at the Renaissance Group.
Interfax-Ukraine has not managed to obtain the confirmation of the information.
As reported, in September 2012, Renaissance Capital LLC, a division of the Renaissance Group, submitted documents to the National Commission for Securities and the Stock Market of Ukraine to cancel its license to act as a trader and keeper of securities, referring to the low attractiveness of the Ukrainian stock market.
Renaissance Capital then said that it will retain its office in Ukraine and it continues actively trading with the shares of Ukrainian issuers listed abroad.
Russian Alfa Capital managing company reported its decision to close its Ukrainian office, and at the end of 2011 Georgia’s BG Capital Investment Company left the country.
Renaissance Capital is a large investment bank, which focuses on Russia, Central and Eastern Europe, Africa, Asia and other high-opportunity emerging and frontier markets.
