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Weekly People Roundup: 4 June 200804/06/2008. Source: AltAssets. 
 All the week's most important people stories from across the globe. Essential reading for those who need to keep up-to-date with the private equity industry's key staff moves.
US and China-focused expansion stage venture capital firm GGV Capital, formerly Granite Global Ventures, has hired two operating executives to its investment team. Jeff Richards, most recently vice president of digital content services at VeriSign, joins the firm as a partner, while Jia Fen Wang, chairperson of Bright Dairy & Food Company in China, will be a venture partner at GGV. Prior to VeriSign, Richards was CEO of RFID services provider R4 Global Solutions, which was acquired by VeriSign. Wang previously was chairperson and general manager of the Shanghai Dairy Group. GGV manages approximately $1bn from its offices in Silicon Valley, Shanghai and Singapore.
Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan, has hired Rakesh Gangwal as a senior advisor. In his new role, Gangwal will be primarily responsible for sourcing and evaluating technology and business services transactions. He will provide both strategic counsel and portfolio support. Previously, Gangwal was chairman, president and CEO of Worldspan Technologies and president and CEO of US Airways Group. He currently serves on the boards of OfficeMax and PetSmart.
Canadian institutional fund manager Caisse de dépôt et placement du Québec has announced that its president and CEO is to step down to go into the private sector. Henri-Paul Rousseau will join Power Corporation of Canada. He has been with the Caisse since September 2002. Rousseau will remain as an advisor to the Caisse's board of directors and officers for the three months ending 31 August 2008. Caisse CIO Richard Guay will assume Rousseau's responsibilities on an interim basis until a new president and CEO has been appointed.
The Caisse manages funds primarily for public and private pension and insurance plans in the Canadian province of Quebec.
London and Paris-based mid-market buy-out firm Duke Street Capital has appointed Drummond Hall as a new operating partner. In his new role, Hall will work on deal origination and assist the Duke Street team with due diligence and the monitoring of portfolio investments. Hall currently is the deputy chairman of Mitchells & Butlers, an operator of branded pubs, bars and pub restaurants in the UK. From 20 June he will be chairman of the company. He is also a non-executive director of Taylor Nelson Sofres, a market information company. Duke Street focuses on mid-market LBOs, investing in established UK and French businesses with enterprise values of up to €500m. Duke Street has raised six private equity funds to date, totalling in excess of €2bn. Almeida Capital, parent company of AltAssets, acted as placement advisor to the firm's latest fund, Duke Street Capital VI.
UK mid-market buy-out firm Gresham has appointed Dan Hatcher as a partner in its investment team, based in the firm's London office. Hatcher has been working with Gresham on secondment from Ernst & Young since May 2007. He was part of the deal team who worked on the secondary buy-out of Betts Global in October 2007. Gresham bought the laminate toothpaste tube manufacturer from Permira, Royal Bank of Scotland and the Bank of Scotland in a deal worth in excess of £110m. Hatcher previously worked in the M&A advisory team at Ernst & Young for six years.
European mid-market private equity firm Industri Kapital has appointed Björn Savén as its new executive chairman. Savén will continue to manage the firm together with the four managing partners, Detlef Dinsel, Christopher Masek, Michael Rosenlew and Gustav Öhman. Industri Kapital typically invests in mid-sized companies with strong cash flow, operating in mature industries. The firm has raised €5.7bn of capital to date, including its sixth fund, the €1.7bn Industri Kapital 2007 Fund.
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