NZ banker back in charge

New Zealand multi-millionaire Stephen Jennings has taken the reins again at the private Moscow bank he founded 15 years ago.

Mr Jennings created Renaissance Group in 1995 and built the Renaissance Capital bank after originally going to Russia in 1992, aged 32, to privatise the Bolshevik Biscuit Factory.

The former Treasury official, who grew up in New Plymouth, has now returned as chief executive of the bank, after three years working in its parent company.