SoftBank is set to promote the Latin America fund’s third managing partner

Shu Nyatta and Paulo Passoni, two of the three managing partners at Japan-listed SoftBank’s Latin America-focused corporate venturing fund, are reportedly leaving.

SoftBank is set to promote the Latin America fund’s third managing partner, Alex Szapiro, who currently holds an operating role, to a more senior position following their departure, according to newswire Bloomberg.

Juan Franck, a fund investor in Mexico City, will also get promoted, Bloomberg added. SoftBank is also planning to commit up to $2bn to the…

James Mawson

James Mawson is founder and chief executive of Global Venturing.