- The head of SoftBank's (OTCPK:SFTBY) gigantic tech investing fund is going to have a little less on his plate.
- Rajiv Misra, who serves as chief executive of SoftBank Investment Advisors--and oversees its $100B Vision Fund--will remain as the head of that organization. However, according to a report from CNBC, Misra will step down as CEO of SoftBank Global Advisors, which is responsible for managing another investment fund called Vision Fund 2. Misra will become vice chairman of SoftBank Global Advisors and take on a reduced role with that group.
- SoftBank's (OTCPK:SFTBY) Vision Fund has a history of making highly public investments in companies such as Uber (UBER) and Chinese ride-sharing leader DiDi Global. However, the fund has taken some black eyes over the last few years in the wake of its investments in WeWork (WE), which failed in efforts to go public in 2019 due to concerns about its business model and overall operations. WeWork (WE) ended up going public last year via a special purpose acquisition company [SPAC] process.
- June, SoftBank (OTCPK:SFTBY) named managing partner Alex Clavel as the new CEO of SoftBank Group International.
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