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RAJEEV MISRA, CURRENTLY the CEO of SoftBank Investment Advisers, will step down from his role to become the fund's vice-chairman as he plans to launch his own asset management firm and wants to avoid "any conflict of interest", a person familiar with the developments told FE.
Misra was the CEO of both SoftBank's Vision Fund (SVF) 1 and SVF2. The SVF1 has roughly $100 billion worth of capital, of which about 80% comes from external sources, while the SVF2 is entirely SoftBank and Masayoshi Son's money.
FE has read parts of the email that Masayoshi Son wrote to his employees.
A SoftBank spokesperson confirmed the developments.
This story is from the July 08, 2022 edition of Financial Express Mumbai.
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This story is from the July 08, 2022 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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