Business 100 - 2012

Madden_Michael LOW

Michael Madden/Teneo Capital

Michael Madden is the chairman of Teneo Capital. In addition to his role with Teneo, he is also the managing partner and founder of Ronoc, an investment and advisory business  primarily focused on financial services in emerging economies, and the founding CEO of Renaissance Credit Group, where he established one of the largest Consumer Finance banks in Russia from scratch. In 2005 he also launched the first retailer financial services joint venture in Russia with IKEA (IKANO), and was appointed as chairman of the IKANO financial services business in Russia.

Prior to building Renaissance Credit, Michael, who was born in Ireland, had an extensive career with American Express. He joined the company in Ireland in 1988 and having spent four years in Russia establishing the American Express Card business across the former Soviet Union, he moved to the UK in 1996, first as director for a portfolio of Franchise Markets and then as VP for the American Express Franchise business in EMEA, as well as managing the American Express International Dollar Card business in Europe.