People Moves
Venture Capital House Names New Chairman, Makes Other Hires
The firm was founded by one of the creators of social media colossus Facebook.
B Capital, the
venture capital firm backed by a Facebook founder, Eduardo
Saverin, has appointed a new chairman, Howard L Morgan. Morgan,
who was an executive at Renaissance
Technologies, the hedge fund group, is also co-founder of
First Round Capital, a VC firm.
The firm also, according to the New York Times and other
media, has named Joe Davis, chairman of the Boston Consulting
Group’s North American operations, as vice chairman; hired Allen
Duan as an operating partner; and named Rohit Bhagat as a senior
advisor. This publication has asked B Capital for confirmation
and further details; it had not been able to reach the firm at
the time of going to press.
The firm was created two years ago by Saverin, who is now based
in Singapore, and Raj Ganguly, who is based in the US West Coast.
It also has a strategic partnership with Boston Consulting Group.
It has offices around the world, such as in Singapore, San
Francisco and Los Angeles.
