Renaissance Capital, an investment bank specialising in emerging markets and the natural resources sector, has let go of its Asia head, Jeremy Sparrow, as it strives to refocus its business in the face of tough market conditions.
The bank said in a statement that the “organisational changes” it is making in Asia are “in line with the adjustments that the firm is currently making to its business model globally on the back of the current market environment”. A spokesperson for the bank did not give any further details, but said that RenCap remains committed to Asia.
The bank opened in Hong Kong in 2010 after making...
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