Japan’s Softbank Said to Hire Rajeev Misra From Fortress

Rajeev Misra, a former debt-trading executive at Deutsche Bank AG and UBS AG who joined Fortress Investment Group LLC earlier this year, is leaving for Softbank Corp., according to three people briefed on the move.

Misra, 52, hasn’t left New York-based Fortress yet, according to the people, who asked not to be identified because the move hasn’t been made public.

Softbank, the Japanese company that paid $22 billion for control of Sprint Corp. last year, has invested in more than 1,300 technology companies and agreed earlier this month to invest $250 million for a minority stake in Legendary Entertainment.

Misra didn’t immediately reply to a request for comment. A spokesman for Fortress said he couldn’t immediately comment and a spokesman for Tokyo-based Softbank declined to comment.