Jennings Backs Russia

Waitara-born Stephen Jennings, CEO of the leading investment bank in Russia and sub-Saharan Africa Renaissance Group, believes that in the coming decades “the world’s largest businesses will be from new world economies and the world’s most influential businesspeople will be Russian, Chinese, Indian and African. New world investment funds will dwarf their Western counterparts.” In light of RenCap’s growing role in Russia and many other emerging markets, Russia Blog decided to publish two background articles about its co-founders, Stephen Jennings and Alexei “Boris” Jordan. Potentially the wealthiest foreigner residing in the Russian Federation, Jennings spends more than two-thirds of his time in Africa, according to trade publication the Banker, and has plans to open offices in Nigeria, Kenya and Dubai. Consultant for the New Zealand Business Round Table Bryce Wilkinson says that Jennings’ rise to the top of international finance deserves bouquets: “It’s a phenomenal story of incredible achievements by an unassuming Kiwi,” Wilkinson says. “And he’s still going.”