SoftBank’s Rajeev Misra to step down from top position to launch own fund – The National

SoftBank’s Rajeev Misra to step down from top position to launch own fund – The National

SoftBank's Rajeev Misra will give up his frontline role in managing the Japanese conglomerate's second Vision Fund and launch his own external fund, according to an internal memo seen by Reuters.

The executive will move from chief executive of SoftBank Global Advisers, which manages the second fund, to vice chairman, while SoftBank's founder and chief executive Masayoshi Son will take a more direct leadership role, the memo said.

Mr Misra plans to set up an external multi-asset fund that will invest more broadly than Vision Fund, which focuses on late-stage start-ups, according to the memo signed by Mr Son.