Ronoc - Founder and Managing Partner
http://www.ronoc.ie
Ireland (Dublin)
Portfolio
A successful entrepreneur with a passion for emerging economies, Michael has been actively involved in the Financial Services business in emerging markets for over twenty years. He has lived and worked in Russia for eight years on two separate occasions.
He is currently the Managing Partner and founder of Ronoc an investment and advisory business focused on financial services in emerging economies, which he setup in July 2007. Ronoc have offices in New York and Dublin. Recently he launched the Ronoc MSME Impact Fund which is focused on transforming Micro and SME financial institution businesses to market leading retail banks.
In 2003 he was the founding CEO of Renaissance Credit Group, where he established one of the largest Consumer Finance bank in Russia from scratch. He established the Renaissance Credit business in over sixty regions across Russia and in 2005 setup a bank in Ukraine. In 2005 he also launched the first retailer financial services joint venture in Russia with IKEA (IKANO) replacing GE as the partner of choice with IKEA
and was appointed as Chairman of the IKANO financial services business in Russia. When Michael exited the Renaissance Credit Group in 2007 it was independently valued at $500million.
Prior to building Renaissance Credit, Michael had an extensive and successful career with American
Express, characterised by innovation into new markets. He joined the company in Ireland in 1988 and worked in their Card and Travel business before moving to Russia in 1993. Having spent four years in Russia establishing the American Express Card business across the former Soviet, he moved to the UK in 1996, first as Director for a portfolio of Franchise Markets and then as Vice President for the American Express Franchise business in EMEA, as well as managing the American Express International Dollar Card
business in pharmacy online .
His success has been built on inventive business intelligence, understanding of emerging economies and most of all the ability to engage with international partners, cross cultural teams and his extensive international network of contacts.
His current positions include;
- Senior Advisor, Teneo (www.teneoholdings.com)
- Chairman Wrightson Wood (www.wrightsonwood.com)
- Director/Board Member, TenGer Financial Group (www.tengerfinancialgroup.com)
- Director/Board Member, Yougetitback (www.yougetitback.com)
- Director/Board Member, Monet Capital (www. monet.mn)