BENGALURU : Rajeev Misra shall be stepping down from his roles as a company officer and government vice chairman of SoftBank Group Corp, the corporate mentioned on Wednesday.
This comes towards the backdrop of a slide in know-how shares leading to a file loss for the Japanese funding group.
The 60-year-old will retain his publish as head of SoftBank Funding Advisers, which takes care of the primary Imaginative and prescient Fund’s current investments.
SoftBank founder Masayoshi Son will take over new investments beneath the second Imaginative and prescient Fund, the corporate mentioned.
The breakaway by Misra, who was integral to the transformation of SoftBank into one of many world’s greatest tech buyers, deepens the sense of strategic drift on the Japanese conglomerate.
In Might, the Imaginative and prescient Fund unit reported its greatest ever loss as the worth of its portfolio slid and a string of executives, together with group chief working officer Marcelo Claure, stop the corporate.
Earlier this month, Sumer Juneja was given the extra accountability of overseeing its European investments, amid a administration churn at SoftBank Funding Advisers as Imaginative and prescient Fund losses mount.
Final month, Bloomberg reported that Misra will step again from his most important function at SoftBank World Advisers to launch his exterior fund.
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Supply: Live Mint