SoftBank Hands New Roles to Two Vision Fund Managing Partners
- Conglomerate has been under pressure from Elliott Management
- Vision Fund recently reported nearly $18 billion in losses
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SoftBank Group Corp. has named Akshay Naheta senior vice president, moving the Vision Fund managing partner to a new role as the company looks for ways to improve its governance and stem losses, according to people familiar with the matter.
Abu Dhabi-based Naheta will assist SoftBank founder and Chief Executive Officer Masayoshi Son in managing the conglomerate’s investments function and will provide strategic advice to its global management team, said some of the people, who asked not to be identified because the appointment isn’t yet public. Naheta will start his new role in June, one of them said.