Rajeev Misra Explained

Rajeev Misra
Birth Place:Balasore, Odisha, India
Alma Mater:Delhi Public School, Mathura Road
IIT Delhi
University of Pennsylvania
MIT Sloan School of Management
Occupation:Investor
CEO of SoftBank Investment Advisers

Rajeev Misra is a London-based banker and executive.[1] He was the CEO of SoftBank Investment Advisers.

Early life and education

Misra was born on 18 January 1962 in Balasore, Odisha, India.[2] He attended Delhi Public School at Mathura Road, Delhi, India; studied chemical engineering at IIT Delhi;[1] and the University of Pennsylvania (gaining a Bachelor's in Mechanical Engineering and then a Master of Computer Applications [MCA]). This was followed by a Master of Business Administration (MBA) at the Sloan School of Management at the Massachusetts Institute of Technology (MIT).[3] Misra is a board member of both the University of Pennsylvania and MIT Sloan, and is on the board of trustees of Kaust.[4]

Career

Misra was Board Director of Softbank Group and CEO of Softbank Investment Advisers. Misra, who leads the team running the company's Vision Fund, joined SoftBank in 2014.[4]

Misra spent about 25 years in finance, moving from Merrill Lynch to Deutsche Bank to UBS. At Deutsche Bank, he oversaw a team of credit traders whose bet against the U.S. subprime mortgage market was chronicled in The Big Short.[5] He left Deutsche Bank in June 2008, when he was the global head for credit and commodities and was reportedly earning between 10 and 15 million euros a year. He then worked at the London-based TCI Fund for several months.[6] [7] He joined UBS in 2009, and in May 2014 he was a senior managing partner of Fortress Investment Group, until he joined Softbank in November 2014.[8]

The Wall Street Journal detailed Misra's alleged attempts to undermine his internal rivals at Softbank, including planting stories, filing shareholder complaints, and using a "honey trap".[9] [10]

In July 2022, he stepped back from his executive roles at SoftBank Group to start his own venture fund, as reported by various news agencies. He has secured over $6 billion, including from Middle East investors.[11] [12]

Sources

Notes and References

  1. News: SoftBank nominates Rajeev Misra, its $100-billion Vision Fund CEO, to board . The Economic Times . 27 May 2017 . 15 January 2018.
  2. Web site: Biography: Rajeev Misra - Board of Directors - Company Info - About Us . SoftBank Group . 18 January 1962 . 15 January 2018.
  3. Web site: Krishnamachari . S V . India-born Rajeev Misra joins Japan's SoftBank board . International Business Times, India Edition . 27 May 2017 . 15 January 2018.
  4. Web site: Global Conference 2017 - Speaker: Rajeev Misra . Rajeev Misra ยป Milken Institute . 30 April 2017 . 15 January 2018.
  5. News: Rajeev Misra Built SoftBank's Huge Tech Fund. Now He Has to Save It.. Hope. Liz Hoffman and Bradley. 2019-10-31. Wall Street Journal. 2019-11-04. en-US. 0099-9660.
  6. News: UPDATE 1-Rajeev Misra to leave Deutsche Bank . 17 February 2020 . Reuters . 7 June 2008 . en.
  7. News: Breaking news: UBS makes big hire in credit . 17 February 2020 . Euromoney . 21 May 2009 . en.
  8. Web site: Biography: Rajeev Misra . Softbank . 17 February 2020.
  9. News: SoftBank's Rajeev Misra Used Campaign of Sabotage to Hobble Internal Rivals. Wall Street Journal. 26 February 2020.
  10. Web site: CEO at Softbank lands in hot water with multiple serious accusations. Clarkson. Colin. 2020-03-02. The American Genius. en-US. 2020-03-03.
  11. News: Patwardhan . Nikhil . Shrikanth . Chandra R. . SoftBank's Rajeev Misra to step aside from main roles to build and run a new fund . . 7 July 2022.
  12. News: Brown . Eliot . Rajeev Misra to Step Back From Top Executive Role at SoftBank . . 7 July 2022.
  13. Book: Enrich, David . Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction . Custom House . 2020 . 978-0062878816. New York.