February 4, 2020 / 7:15 PM / 6 months ago

U.S. head of SoftBank Vision Fund to leave - FT

Feb 4 (Reuters) - SoftBank Group’s Michael Ronen, the U.S. head of its $100 billion Vision Fund, is leaving after expressing concerns about “issues” at the technology conglomerate, the Financial Times reported on Tuesday.

Ronen, who joined SoftBank in 2017, has been negotiating the terms for his departure for several weeks, the report here said.

A managing partner at SoftBank Investment Advisers, Ronen was in charge of sourcing deals, making investments and overseeing portfolio companies for Vision Fund’s U.S. investments.

SoftBank is in discussions with Ron Fisher, one of founder Masayoshi Son’s longest-serving lieutenants, regarding his future at the company, the report added.

SoftBank and Ronen did not immediately respond to Reuters’ request for comments.

Reporting by Abhishek Manikandan in Bengaluru; Editing by Shinjini Ganguli

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below