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SoftBank loses global head of communications Gary Ginsberg
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SOFTBANK CORP ORD (SFTBF), SOFTBANK CP UNSP ADR (SFTBY) - SoftBank Strategy Chief To Depart Within Less Than Three Years: Bloomberg
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(Bloomberg) Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart. From Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency, according to people familiar with the matter. Greensill Capital on Tuesday made use of so-called “safe harbor protection” that’s allowed under Australian insolvency laws, according to another person familiar with the matter. The move effectively buys directors more time to work out alternative financing as it protects them from personal liability for insolvent trading. At the heart of the swift unraveling at Greensill’s firm specializing in a loosely r
SoftBank Said to Write Down $1 5 Billion Greensill Holding
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Synopsis
SoftBank s Vision Fund has seen a number of recent changes among its senior roles after making a flurry of hires following its debut in 2017
ETtech
SoftBank Group Corp s Vision Fund is hiring the head of Microsoft Corp s venture capital business as managing partner, the first major addition to the investment arm following a spate of departures.
Nagraj Kashyap, the outgoing global head of Microsoft’s M12 fund, will join the Vision Fund in the U.S., according to a statement from SoftBank. Bloomberg reported the move earlier on Monday.
The Vision Fund has seen a number of recent changes among its senior roles after making a flurry of hires following its debut in 2017. Managing partner Colin Fan is leaving his role to become an adviser to SoftBank Investment Advisers and Jeff Housenbold, the managing partner involved in bets on startups including DoorDash Inc. and dog-walking app Wag, is also leaving.