by Scott Humor

In so called “Uranium One investigation” media invariably calls the Renaissance Capital “a bank with ties to the Kremlin” or even “Kremlin-linked bank” without elaborating on on details and facts. What their fake news fails to mention that the firm that paid $500,000 for Clinton’s speech had ties to then president Dmitry Medvedev, and not to Vladimir Putin. At some point Renaissance Capital Chairman Igor Yurgens even organized an informal think tank to support Medvedev (primarily on the international economic front).” as was reported  by the U.S. Ambassador William J. Burns to the various branches of the US government in his reported titled “MEDVEDEV: MANAGING A FOREIGN POLICY NOVICE”  in 2008: “Because “Plan Putin” boils down to catchwords on Russian strength and increased authority abroad, Renaissance Capital Investment VP Yelena Sharipova argued to us that Medvedev’s writ remains large and largely uncircumscribed by Putin doctrine.” and  “evidence that liberals are already emboldened by the Medvedev.”

Even more interesting that the US Ambassador to Russia was under impression that Yurgens was “part of a small commission advising Medvedev on the projects,.”

The Renaissance Capital or the “bank” paid Bill Clinton twice his regular speaking fee, in what the American media paints as a “bribe” for the acquisition of the Canadian publicly traded company Uranium One. There is no any proof, of cause, that the Renaissance Capital was acting on behave of the Russian government, and not in the U.S. government’s or the Deep State’s interest.

From 2010 to 2015, if Daily Caller to be believed, every single Yahoo account was affected by a massive hack conducted by a Russian security expert employed by the same Moscow bank former President Bill Clinton gave a $500,000 speech to in 2010, according to Luke Rosiak of the Daily Caller.

What kind of firm it was at the time and what kind of people worked for it.

Here is a brief overview.

Renaissance Capital is an investment banking firm from Russia. It was organized in 1995 by a group of founding partners, including Stephen Jennings, as well as Boris Jordan an American citizen,  and Leonid Rozhetskin an American citizen, Anton Kudryashov, and Richard Deitz another American citisen. It is an investment bank for M&A, equity and debt capital markets, as well as securities sales and trading. Renaissance Capital Limited operates as a subsidiary of Renaissance Capital Holdings Limited.  Renaissance Securities Trading Limited operates as a subsidiary of Renaissance Capital Holdings. The company was incorporated in 1998 and is based in Hamilton, Bermuda.

Renaissance Securities (Cyprus) Limited. Regulated by the Cyprus Securities and Exchange Commission (Licence No: KEPEY 053/04).Founded in 1995. The firm is based in Nicosia, Cyprus. Renaissance Securities (Cyprus) Limited operates as a subsidiary of Renaissance Capital Holdings Limited.

In 2011 Bloomberg. com wrote that the Renaissance Capital, the Russian brokerage was half-owned by billionaire Mikhail Prokhorov.

Up to 2009 Robert Mark “Bob” Foresman, an American citizen, served as a  Deputy Chairman of Renaissance Capital.

“He was previously with Dresdner Kleinwort Wasserstein, where he was chairman of the Management Committee for Russia from 2001 to 2006. Prior to Dresdner, directed investment banking for Russia/CIS at ING CIS at ING Barings. Foresman ran the Ukrainian Privatization Advisory office of the International Finance Corporation (IFC), part of the World Bank Group, from 1993 to 1995 in Kiev and worked on private equity and project finance transactions as an investment officer in IFC’s Washington, D.C., headquarters from 1995 to 1997.”

“Foresman is a graduate of the Harvard University Graduate School of Arts & Sciences, where he studied Russian-Ukrainian relations and post-Soviet economic relations, and also of Bucknell University, where he dual-majored in international relations and Russian studies. He lived and worked in Ukraine for five years before moving in 1999 to Moscow, where he remained until 2014. He advised the Russian government on selling state-owned enterprises to the private sector and other countries – newly independent following the collapse of the Soviet Union in December 1991—on working in a market economy.”

In 2010, a year in question, the firm employed the US citizens. Plamen Monovski, the chief investment officer at Russia’s Renaissance Asset Managers. Monovski,  joined the fund management arm of Russia’s Renaissance Capital from Blackrock in 2010 year, managed $2.5 billion of assets. He stepped down as  chief investment officer of RenAsset Management in 2015.

The firm also employed the UK citizens like Charles Robertson, Global Chief Economist, Renaissance capital, was called “a leading emerging markets specialist,” has been Renaissance Capital’s Global Chief Economist and head of the Firm’s macro-strategy unit. Charles Robertson was called “the UK’s 100 most powerful economists,” and Derek Weaving, a London-based utilities analyst at Renaissance Capital.

What’s interesting is that before the Clinton’s visit in 2010, Stephen Jennings, the New Zealander who co-founded Renaissance Capital in 1995, returned as chief executive of the investment bank.

“Jennings, 49, replaces Alexander Pertsovsky, who becomes president and first deputy CEO, while Ruben Aganbegyan will move from president to deputy CEO, Renaissance Group said in an e-mailed statement. Jennings, who stepped down as CEO of RenCap in mid-2007, will remain CEO of the group, which includes asset management, merchant banking and consumer finance units.

Renaissance also hired four senior managers, including Nick Andrews from JPMorgan Chase as global head of equities. Andrews had run JPMorgan’s Asia-Pacific and emerging markets equities team from Hong Kong since 2005. Ashar Qureshi, a partner at Cleary Gottlieb Steen & Hamilton, was named executive vice chairman of Renaissance Group. “

At the time of the Clinton’s visit, Alexander Pertsovsky  served as CoChief Executive Officer and President of Renaissance Capital. He served as the Chief Executive Officer and First Deputy Chief Executive Officer at Renaissance Capital. Before joining Renaissance Capital in 2002. Mr. Pertsovsky has been Chairman of the Management Board of Renaissance Group since June 29, 2012. He has been Director of RTS Stock Exchange since June 2007, OJSC MICEX-RTS (alternate name: Moscow Interbank Currency Exchange) since May 2011. He served as a Director of OAO Svyazinvest until June 28, 2013. Mr. Pertsovsky served as a Member of Supervisory Board at Open Joint Stock Company Moscow Exchange MICEX-RTS. He served as a Director of Open Joint Stock Company Long-Distance and International Telecommunications Rostelecom (also known as Rostelecom-Center) since June 27, 2011. Mr. Pertsovsky received his MBA from Columbia University in 2002.

In 2009, billionaire Mikhail Prokhorov  bought half the brokerage for $500 million.

In 2011, after meeting with the Clintons and the infamous Bill Clinton’s speech, Mikhail Prokhorov “challenged” Putin running for a president of Russia. His party was pro-Western  business, according to the experts from the Stratfor.

Mikhail Prokhorov also owns the ultra-liberal RBC online publication on business and politics that is known for its fiercely critical views of president Putin. The publication suffered some major setbacks recently due to its insistence on publishing fake news. The DNC  was very concern about the fate of RBC, due to its support of Hilary Clinton.

That Mikhail Prokhorov  worked against Russia’s national interest speaks the fact of him financially backing the RAND Corporation.

“RAND Business Leaders Forum.  We will be holding the 35th semiannual RAND Business Leaders Forum in New York on November 22-23.  Very strong participation from Russia based on early responses.  If any of you would like to attend, please let me know.  The meetings will be on Saturday and Sunday morning at the St Regis Hotel.  For those who attended last year:  The Brooklyn Nets will be playing in San Antonio that weekend, so no game for us this year.  (For others:  the Nets are owned by Mikhail Prokhorov, a Forum supporter, and he hosted us all of us for a game against the Pistons last year.)”

In GENERAL UPDATE (34), November 2, 2014 sent from to,,,, Michael D. Rich, a president and chief executive officer of the RAND Corporation, also wrote about RAND trustees Mike Gould, Joel Hyatt, Paul Kaminski, Carl Bildt  Sweden’s former Prime Minister Carl Bildt, who served previously, and Dave Porges.

Mikhail Prokhorov  wasn’t alone in supporting RAND. “The Pentagon has increased our initial ceilings for both the Arroyo Center and the National Defense Research Institute at the start of the new fiscal year,” reported Michael D. Rich.

Another company’s executive at the time, Ruben Aganbegyan currently is under investigation by the General Prosecutor office in connection to Otkritie Bank involving the [largescale] withdrawal of capital.” The Central Bank source reports “the weight of evidence suggests that 127 billion rubles [$2.2 billion] allocated to Otkritie for the rehabilitation of Trust have been despatched, not to their intended purpose but in an unknown direction.” according to the deputy head of the Central Bank,  Vasily Pozdyshev,

Judging by the U.S. Embassy’s reports published by Wikileaks, the Renaissance Capital employees were feeding the U.S. government insider information concerning Russia’s politics and finance.

Another juicy tidbit. The Renaissance Capital was involved in selling Yukos’ assets, while reporting to the U.S. government via Ambassador Burns on the progress.


Date:2007 October 26

[AMCIT stands for American Citizen (US DoD)]

“2. (C) Bob Foresman (Amcit, protect), Deputy Chairman of Renaissance Capital, confirmed October 23 that Renaissance and Amcit investor Richard Dietz were the financial backers of Monte Valle, the investment firm which bought Yukos Finance at auction on August 15.

Monte Valle’s owner, Amcit Steve Lynch, had profitably purchased a previous Yukos lot.

Foresman said Renaissance had been brought in by Lynch.

  1. (C) According to Foresman, the main assets of Yukos Finance are about $1.5 billion in cash and a 49% stake in Slovakia’s Transpetrol, which Foresman indicated has a market value of $100-150 million. Those assets are currently tied up in lawsuits, including especially a suit by Yukos International (former Yukos Finance) directors Dave Godfrey and Bruce Misamore, both Amcits, who are claiming the Yukos bankruptcy proceedings were illegitimate. The assets are also offset by debt claims from creditors Rosneft and another investment group, Menatep (reftels)

Off topic, but a very interesting opinion about the Yukos’ “demise” expressed by then Ambassador to Russia Burns: “On a general note, this complex deal is typical of Yukos “auctions.” The owners, purchasers and details all tend to be very opaque, often deliberately, and all involved tend to profit handsomely from the demise of Yukos. End Comment. Burns”