RenCap cuts 12% but denies HK closure

Renaissance Capital is cutting 12% of its investment banking workforce globally, but this week denied rumours that it was shutting its Hong Kong office. Two sources at RenCap said that the staff reductions were expected to be made this week.

  • 01 Jun 2012
"The organisational changes at Renaissance Capital 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," the firm said in a statement. "Renaissance Capital remains committed to Asia, with a team ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 294,431.58 1323 8.57%
2 Citi 267,175.53 1124 7.78%
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4 Barclays 211,780.31 853 6.16%
5 Goldman Sachs 169,480.13 704 4.93%

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1 BNP Paribas 34,500.40 147 7.60%
2 Credit Agricole CIB 33,214.96 138 7.32%
3 JPMorgan 24,833.56 67 5.47%
4 Bank of America Merrill Lynch 23,368.44 65 5.15%
5 SG Corporate & Investment Banking 22,509.71 104 4.96%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 9,157.42 55 10.33%
2 Morgan Stanley 8,122.33 40 9.16%
3 Goldman Sachs 7,432.91 40 8.38%
4 Citi 6,426.54 47 7.25%
5 UBS 4,913.18 26 5.54%