RenCap Hires Banker From CI Capital as It Opens Doors in Egypt
- Mohamed Younis will be the head investment bank based in Cairo
- Bank is also hiring research analysts to cover local companies
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Renaissance Capital, the investment bank controlled by Russian billionaire Mikhail Prokhorov, is hiring investment bankers and analysts in Egypt as more vibrant capital markets attract financial services firms to the country.
Mohamed Younis will be chief executive officer of the investment bank in Egypt, said Ahmed Badr, RenCap’s CEO for the Middle East and North Africa. Younis, previously at CI Capital Holding, an arm of Commercial International Bank Egypt SAE, will report to Badr, who will be chairman of the board, and to James Friel, global head of investment banking based in London.