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Renaissance Capital, a leading emerging and frontier markets investment bank, has been ranked the No.1 Frontier Markets brokerage firm in the 2017 Extel Survey for the second year in a row.

The Firm was ranked No.2 in the Russian Economics and Macro category, and No.7 in the overall Leading Pan-Emerging Europe Brokerage Firms category, significantly building on its positions from 2016.

Renaissance Capital is the only Russia-based investment firm ranked in the top 10 of the grouping, and is the top-ranked regional firm in the Emerging Europe category.

In the individual rankings, Charles Robertson, Renaissance Capital’s Global Chief Economist, was rated No.1 Frontier Markets Analyst, with Yvonne Mhango, the firm’s Sub-Saharan Africa economist rated No.3, and Daniel Salter, Head of Research for Eurasia, No. 5. Oleg Kouzmin, Renaissance Capital’s Russia and CIS Economist, was rated No.3 in the Russian Economics and Macro category.

Winners were chosen from among over 11,500 individuals from 568 sell-side firms, with over 15,500 investment professionals voting in the survey.

Daniel Salter, Head of Research, Eurasia, Renaissance Capital, said “Our 2017 Extel rankings are an excellent recognition of the Firm's outstanding research capabilities. The Firm's top Frontier Markets ranking underlines our unparalleled strength in these geographies, while our excellent results in the Russian Economics and Macro, and Emerging Europe categories highlight our consistently strong offering throughout the region. We are delighted that our industry-leading research team has improved on its results from last year and has once again been ranked at the forefront of emerging and frontier markets research."

Ruslan Babaev, Co-CEO, Renaissance Capital, added “We are pleased to be recognised as the leading Frontier Markets brokerage firm for the second consecutive year by the highly respectable Extel Survey. Our overall position in the top 10 Pan-European Brokerage Firms for Emerging Europe, coupled with our top individual placings, demonstrates that the individual excellence of the Firm's leading analysts is complemented by the team's strength in depth. These outstanding results follow our excellent rating in South Africa’s 2017 Financial Mail Survey and serve as a strong testament to our excellent research capabilities, which we continue to boost year on year.”

Extel is the foremost independent evaluation of quality across the European equities investment industry. The Extel Survey is the largest study of its kind worldwide, and the rankings’ results are based on commissions paid for EMEA products.