OREANDA-NEWS. RenCap Securities Inc., the U.S. subsidiary of Renaissance Capital, a leading emerging and frontier markets investment bank, has hired Victor Lugo, CFA, as Director, Fixed Income Currencies and Commodities (FICC) Sales, effective from 20 July 2015.

Mr. Lugo will be based in New York and lead the fixed income sales practice in the United States, with a strong focus on the markets of Sub-Saharan Africa, Russia and the CIS, where the Firm is looking to replicate its successful FICC model. He will work alongside Renaissance Capital’s traders, sales, and research analysts in London and Moscow, to offer the best-in-class product portfolio to the Firm’s institutional clients.

Mr. Lugo will report to Igor Kotlyarchuk, Head of Fixed Income, Currencies and Commodities globally, and to Anthony Simone, Chairman and Chief Executive Officer, New York and London, locally.

Mr. Lugo has over 18 years of investment banking experience. He rejoins RenCap Securities from Sberbank-CIB where he was responsible for sales to emerging markets fixed income investors. Before that Mr. Lugo was Director of Credit Sales at Credit Agricole, where he successfully developed a traditional capital markets distribution platform. His first stint at RenCap Securities came in 2007-2009, during which time he built up an Americas-based institutional investor clientele amidst a challenging market environment. Prior to that, he was a member of ING’s global fixed income team in New York. Between 1997 and 2004, Mr. Lugo worked in Miami at Banco Santander, Standard Miami and Barnett Banks Inc. Mr. Lugo has a Bachelor of Science in Business Administration from the University of Delaware, USA (1996).

Igor Kotlyarchuk, Head of FICC, commented: “We are delighted to have Victor rejoin our team in New York, with his appointment marking the expansion of the Firm’s FICC practice. His extensive emerging markets and international experience will complement Renaissance Capital’s global FICC capability, which the Firm has recently boosted with a series of appointments in London and Lagos. Victor will have accountability and responsibility to build a successful FICC platform and team in the U.S., and we look forward to working with him on this mandate.”