Bank and Jeffrey Waterous form new advisory service.
Investment bank Renaissance Capital has joined forces with an oil and gas expert to form a new advisory service targeting emerging and frontier markets.
The bank has launched Renaissance JMW Energy with Jeffrey Waterous, who has spent the past three decades as an oil and gas investor.
The new company will be active across the up-stream, mid-stream and down-stream sectors of the international energy industry, advising private and state energy companies, governments and institutions, including sovereign wealth funds.
It will work on mergers and acquisitions as well as identify corporate restructuring opportunities in the international energy industry.
Waterous, who becomes Renaissance JMW Energy’s chairman, says the firm will provide on the ground services in more countries than any other oil and gas adviser.
Renaissance JMW will be based in Bahrain, with offices in Istanbul, Delhi and Casablanca. It will also benefit from Renaissance’s network in London, New York, Moscow, Almaty and across sub-Saharan Africa. Its technical team will be led from Istanbul by Dr Arif Yukler, a quantitative hydrocarbon systems expert.
Andrew Cornthwaite, Renaissance Capital’s deputy chief executive and head of investment banking, says these new offices add value to the bank’s oil and gas clients by expanding its on the ground presence.
“The oil and gas industry is a global one, and this initial announcement of new offices will be followed by further openings over the next 18 months,” he adds.
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