RenCap Hires Former SEC Chair

Renaissance Capital, which targets the Russian, CIS and African markets, announced on Wednesday that it has hired William Donaldson, the former chairman of the US Securities and Exchange Commission, as a senior adviser.

From 2003 until 2005, he was was responsible for enforcing the regulation of the US securities markets, overseeing compliance with, and enforcement of, securities laws, and ensuring the protection of investors interests.

Doanldson has also served as chairman and chief executive officer of the New York Stock Exchange.

He was the founding dean and professor of Management at The Yale University School of Management; and his career in government has spanned five presidential administrations, which included serving as Under Secretary of State to Henry Kissinger, and Counsel and Special Advisor to Vice President Nelson Rockefeller.

Stephen Jennings, CEO of Renaissance Group, said: “His experience in government and academia, expertise in areas such as regulation, transparency and corporate governance, and a long history of market leadership in the private sector, are virtually unique and will be of great value to Renaissance Capital as we continue to expand across high opportunity emerging markets including Russia and the CIS, sub-Saharan Africa and the Middle East.”