Shulou(Shulou.com)11/24 Report--

According to news on the morning of October 21, Beijing time, Masayoshi son, CEO of Japan's Softbank Corp. Group, recently issued a notice in an employee memo that the company has set up an "executive committee" to take charge of its Vision Fund II, Latin American investment fund and future investment fund business. The senior personnel of the related business have also been adjusted.

In the future, Alex Clavel will lead Softbank Corp. 's investment team in the US and Latin America, Greg Moonwill will lead the investment team in Europe and Asia, and another executive, Navneet Govil, will lead the group's functional and non-investment teams, including finance and compliance, Mr son said in the memo.

The contents of son's memo were obtained by the media, and a spokesman for Softbank Corp. Group confirmed that the contents of the memo were true, but did not provide further comment.

Son said in the memo that he is more confident about the future of Softbank Corp. Group than ever before. He reiterated Softbank Corp. Group's mission to use the power of artificial intelligence technology to promote a more connected, empowered and happier world.

Son said that through Softbank Corp. Group's Vision Fund No. 1 and No. 2, together with the Latin American Investment Fund, the Group has invested a total of 160 billion US dollars in more than 400 companies around the world. These investments have yielded rich returns. "Softbank Corp. Group has become the world's leading technology market investor, and everyone is watching us."

Before son reorganized his business, Rajeev Misra, chief executive of Softbank Corp. Investment Consulting, recently made some moves, registering a new company called first Investment Management Co., Ltd., and Mishra will withdraw from some of the functions and powers within Softbank Corp. Group.

It is reported that Misra will retain his position as CEO of his branch in the future and will be mainly in charge of Vision Fund 1. He also serves as vice chairman of Softbank Corp. Global Investment Consulting Co., which mainly manages Vision Fund II and Latin American investment funds.

Masayoshi son said in the memo that Misra was once an important designer of the two vision funds, and that he is still an important member of the family. "I thank him for his continued cooperation."

Last month, Softbank Corp. Group made layoffs in its vision fund division. According to the latest earnings report, the division lost a record $23 billion, mainly due to a collapse in the market capitalization of invested companies, such as South Korean e-commerce giant Coupang and US food delivery company DoorDash.

According to some regulatory reports of Softbank Corp. Group, some companies invested by Vision Fund No. 2 include WeWork, a shared office service provider, Qualtrics International, a developer of management software, and Exscientia, an artificial intelligence drug development agency. Softbank Corp. 's Latin American fund invests in companies such as Argentine space technology company Satellgic, Brazilian Internet banking operator Banco Inter, and so on.

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