SoftBank has announced that Vision Fund co-CEO Rajeev Misra will soon step down from his leadership role at the company's flagship technology investment vehicle, leaving one of the Japanese group's most prominent dealmakers behind. He announced that he was retiring.
The company announced on Tuesday that Misra, who helped guide the $100 billion Vision Fund through both its explosive rise and ensuing difficulties, will step down as co-head of SoftBank Investment Advisors and SoftBank Global Advisors. announced that he would resign. Alex Clavel will assume sole leadership as CEO of both divisions.
The move comes after Misra stepped down from his position as executive officer of SoftBank Group and executive vice president of the parent company in August 2022. The former Deutsche Bank executive launched One Investment Management, a $6 billion fund backed by Abu Dhabi, in 2022.
The company said Misra will no longer have an official role at SoftBank.
During his 10-year tenure at SoftBank, Misra's Vision Fund also became known for several troubled investments, including WeWork, dog-walking app Wag and Greensill Capital, while also making final He also clashed with senior colleagues such as Nikesh Arora and Marcelo Claure, who both left the company due to circumstances. company.