India-born Rajeev Misra will head the SoftBank Vision Fund that the Japanese investment company has set up with Saudi Arabia’s Public Investment Fund. Misra (54), a veteran banker, is the head of strategic finance at SoftBank Group. He joined SoftBank in October 2014, around the same time when Nikesh Arora joined the Japanese investor as a potential successor to its founder Masayoshi Son.
- Arora quit SoftBank in July this year after Son declared that he was still young to run the company. Misra was the global head, credit and emerging markets, Deutsche Bank.
- Misra, who backs the Conservative party in the UK, has a non-profit outfit in India, Vahani, that helps fund under privileged youth to get higher education in global universities. Misra, who was hired from Fortress Investment Group, in London, will get to take the mantle of the fund, which will potentially have $100 billion to invest in technology companies globally.
- Japanese internet and telecommunications giant SoftBank Group Corp. is teaming up with a Saudi sovereign-wealth fund to create a multibillion-dollar technology-investment fund, in a partnership that combines deep pockets with one of the world’s most ambitious tech investors.
DO YOU KNOW?
- SoftBank, led by chief executive Masayoshi Son.
- SoftBank Group Corp is a Japanese multinational telecommunications and Internet corporation, established on September 3, 1981 and headquartered in Tokyo.
- It has operations in broadband, fixed-line telecommunications, e-commerce, Internet, technology services, finance, media and marketing, semiconductor design, and other businesses.
