Softbank, the Japanese investment major headed by billionaire Masayoshi Son has named Rajiv Mishra to its Board of Directors. He is the second Indian to be named with the first being Nikesh Arora who joined Softbank after leaving Google and was expected to be the successor of Son but left the company abruptly last year.
The final appointment, however, is subject to the approval of the 37th Annual General Meeting of Shareholders that is slated to take place on June 21, 2017.
Misra, 54, is currently the CEO of SoftBank Investment Advisers whose duty is advising the ambitious $100-billion Vision Fund which primarily invests in technology companies across the world.
SoftBank CEO and President Masayoshi Son signed a deal raising USD 93 billion capital for his Vision Fund including Saudi Arabia’s Public Investment Fund, the UAE’s Mubadala Investment Company, Apple Foxconn Technology Group, Qualcomm and Sharp Corporation among its backers, during US President Donald Trump’s visit to the Middle East.
Rajiv Misra is hailed as creative genius by his peers. Holding the position in one of the biggest investment companies in the world which can outbid any other investor by driving up valuations and writing cheques will now see a shit in the working style of the company.
Softbank has invested in OLA, Snapdeal, Flipkart which turned them into a unicorns.
Softbak said that Manabu Miyasaka will resign from the Board of Directors but will remain as President and Representative Director, President Corporate Officer and Chief Executive Officer of Yahoo Japan Corporation.