SoftBank Group has announced that Vice President Rajeev Misra, who has played an important role in its investment strategy, has resigned on the 31st.

The company recorded a final deficit of more than 3 trillion yen in the three-month financial results until June, but Mr. Misra's resignation may affect the group's future strategy.

Rajeev Misra, who has served as vice president of the SoftBank Group since 2018, has resigned.



After working as the head of the credit department at Deutsche Bank, Mr. Masayoshi Son took on an important role in formulating investment strategies.



During his tenure in 2017, he was involved in the launch of a 10 trillion yen investment fund and supported President Son.



According to a person familiar with the matter, Mr. Misra said that he would be launching a new investment fund, and that the company "has decided to resign in order to secure time for him to tackle new challenges."



On the other hand, he will continue to serve as CEO of the company that operates the investment fund "Vision Fund 1" under its umbrella.



The SOFTBANK Group posted a final deficit of over 3 trillion yen in the financial results of the entire group from April to June this year due to the slump in the global stock market, but Mr. Misra's resignation is the future of the group. It can also influence strategy.