Rajeev Misra, who joined Softbank in 2014, will remain in a reduced capacity with the group’s first $ 100 billion vision fund, reporting Wall Street Journal.
“Misra will remain in a reduced capacity in Softbank, overseeing the investment of the original vision fund, while withdrawing from the supervision of the replacement of Vision Fund 2,” said the report, quoting an internal memo sent by the founder of Softbank Masayoshi Son.
Misra, CEO of Softbank Investment Advisers and Executive Vice President, Softbank Group Corp, was previously the Director of Senior and Partner Implementing at the Fortress Investment Group.Before that, he served as Global Head of Fixed Revenue, Currency and Commodities in UBS between 2009 and 2013, and the Head of Global Credit and Developing Countries in Deutsche Bank between 1997 and 2008.
He obtained a BSC title in the field of Mechanical Engineering and the MSC degree in Computer Science from the University of Pennsylvania, and the MBA degree from MIT SLOAN SCHOOL of Management.Out of Misra high profile came when Softbank faced extraordinary pressure in economic decline in which technology and startup companies bear the burden.
Last month, French businessman Michel Combes, who joined the CEO of Softbank Group International in January this year, resigned suddenly.According to the company, Combes has decided to leave Softbank to pursue new opportunities.
The departure of Combes came because some Softbank employees have been out of the company in recent months because the company’s global operations have shrunk.The Japanese investment giant in May reported a very large net loss of $ 13.14 billion for the year ended March 31, said that it would be forced to cut startup funds for more than half this year.
The conglomerate also reported its largest quarterly net loss at $ 16.2 billion for the January-March quarter.
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