People Digest: TVS Capital, IFC make key hires; China Investment Corp’s infra head resigns

TVS Capital Funds has appointed Mahindra Finance vice-chairman and MD Ramesh Iyer as a board member, while IFC has appointed Katia Daude Gonçalves as the country manager for Singapore, Malaysia, and Brunei. In a separate development, China Investment Corp’s head of infrastructure, Mi Tao, has resigned to seek other opportunities.

TVS Capital ropes in Mahindra Finance’s Ramesh Iyer as board member

TVS Capital Funds, a rupee capital growth PE fund manager, has appointed Mahindra Finance vice-chairman and MD Ramesh Iyer as a board member.

Iyer’s association with Mahindra Finance dates back to 1994.

“Ramesh Iyer brings a wealth of experience in financial services providing credit across sectors and promoting the core values of inclusivity within organisations,” said Gopal Srinivasan, Chairman and Managing Director, TVS Capital Funds, in a statement.

TVS Capital Funds, one of the largest rupee capital growth fund managers, backs next-gen entrepreneurs in the financial services and B2B services space in India. It has an AUM of Rs 2,000 crore.

China Investment Corp infra head Mi Tao moves on

China Investment Corporation’s (CIC) head of infrastructure, Mi Tao, has resigned to seek other opportunities, reported Bloomberg News.

China’s wealth fund has lost more than 20 employees in key positions since 2020, added the report.

Tao joined the sovereign wealth fund in 2010, where he built CIC’s infrastructure investment platform through fund investment, co-investment, and direct investment, as per his LinkedIn profile.

He also led multi-billion-dollar infrastructure investments, ranging from regulated utilities, natural gas midstream, renewable energy, and transportation sectors. Tao also participated in board meetings and advisory committee meetings of portfolio companies.

In his previous role, he was a manager at

IFC appoints Katia Daude as country manager for SG, Malaysia & Brunei

The International Finance Corporation (IFC) has appointed Katia Daude Gonçalves as the country manager for Singapore, Malaysia, and Brunei, per a release.

Gonçalves will work closely with regional investment and advisory teams to help drive cross-border investments and capital mobilisation between Singapore-based companies and financial institutions in emerging markets and developing economies.

She will also play a critical role in building IFC’s presence and portfolios in Malaysia and Brunei, developing new and impactful investment and advisory opportunities in both countries.

“The Singapore ecosystem has been a vital enabler of IFC’s investment program in Asia and the Pacific and globally, and we are incredibly excited to see what the future holds for our work in Malaysia and Brunei, which we see as vital partners in our mission to alleviate poverty and promote shared prosperity,” said Kim-See Lim, IFC’s regional director for East Asia and the Pacific.

Gonçalves joined IFC in 2009 and most recently served as IFC’s Resident Representative for Mozambique.