Softbank's Rajeev Misra steps down as corporate officer and exec VP

Remains CEO of SB Investment Advisers which manages SoftBank Vision Fund 1, Masayoshi Son to manage second Vision Fund; move follows record losses in the Japanese investment group

SoftBank Group Corp. in a statement said that Rajeev Misra will step down from the position of Corporate Officer and Executive Vice President of SBG, effective from August 31, 2022. He will continue to serve as CEO of SB Investment Advisers which manages SoftBank Vision Fund 1.

The development comes as the Japanese investment group has made record losses due to a slide in its tech stocks. Masayoshi Son, founder of Softbank, has said that he will take over the management of the second Vision Fund.

It has been reported in the media that Misra will soon announce his own