Job moves in the investment arms of telecoms companies over the past year, many of them involving rotation at SoftBank.

There have been a lot of moves by telecoms sector corporate investors over the past 12 month, many of them involving rotation at SoftBank and its Vision Fund. The latter is still aiming to substantially reduce operating cost. The downturn for tech has taken its toll on the Vision Fund, which registered paper losses of $49bn, likely foreshadowing further staff cuts. US-based venture capital firm General Catalyst hired Dipchand ‘Deep’ Nishar, previously an Americas-focused senior managing partner at SoftBank’s fund management subsidiary, SoftBank Investment Advisers (SBIA). Nishar announced his intention to depart from SoftBank in September 2021, having joined SBIA in 2015 to invest in enterprise software, healthcare and frontier technology developers on behalf of the corporate’s Vision Funds. During his time working with the Vision Funds, Nishar led investments in portfolio companies including artificial intelligence software developer SambaNova, gene therapy developer ElevateBio, messaging platform developer Slack and biomanufacturer Zymergen. Teddy Himler left his vice-president role at SoftBank and joined Singapore-headquartered venture capital firm Antler. Antler has appointed Himler a US-based global partner of investments in its later-stage investment team. The appoinment was disclosed as the firm raised $300m in capital from investors including insurer Phoenix Group, asset manager Schroders and the Danish government-backed Vækstfonden. SoftBank Group International (SBGI) hired Himler in 2018 and tasked him with conducting investments, mergers and acquisitions transactions and fundraising efforts. Before SBIG, Himler had been a principal for more than two years from 2016 at Comcast Ventures, the corporate venturing arm of mass media group Comcast. Rajeev Misra, who helped turn SoftBank into one of the world’s biggest technology investors, is stepping back from some of his roles at the Japanese group to launch a new $6bn fund that will pursue investment strategies beyond startups. The new fund, reported by the Financial Times, is backed by United Arab Emirates-based Royal Group, a conglomerate involved in a variety of sectors including real estate, technology, education and healthcare. Emirati sovereign wealth fund Mubadala and Abu Dhabi investment firm ADQ also provided funding. Misra will continue to be involved with SoftBank at a senior level, as he will remain chief executive of SoftBank Investment Advisers UK, a subsidiary that manages the Japanese company’s Vision Funds. Marcelo Claure, chief operating officer at SoftBank Group and the driving force behind its Latin America corporate venturing funds, left after a reported clash over compensation with founder Masayoshi Son. Michel Combes took over Claure’s responsibility for SoftBank Group International (SBGI) and…

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Kaloyan Andonov

Kaloyan Andonov is head of analytics at Global Corporate Venturing.