SoftBank Chief Compliance Officer Has Left the Company
- Chad Fentress also left his spot on startup WeWork’s board
- SoftBank has not said who will replace him in compliance role
This article is for subscribers only.
SoftBank Group Corp.’s chief compliance officer Chad Fentress has left the company and vacated his WeWork board seat. Now, his LinkedIn profile lists him as the founder of Novare Consulting LLC.
Fentress joined SoftBank in 2018, the year after the Japanese conglomerate created the $100 billion Vision Fund to invest in tech startups. The fund drew criticism for helping inflate private company valuations and placing outsized bets on untested companies such as WeWork. More recently, SoftBank has turned its attention to buying stakes in publicly traded tech companies, a strategy that has drawn scrutiny from investors wary of frothy tech stock prices.