Rajeev Misra
{{Short description|Banker and executive based in London}}
{{Use dmy dates|date=February 2023}}
{{Use Indian English|date=February 2023}}
{{Infobox person
| name = Rajeev Misra
| birth_date = {{Birth year and age|1962}}
| birth_place = Balasore, Odisha, India
| nationality =
| other_names =
| alma_mater = Delhi Public School, Mathura Road
IIT Delhi
University of Pennsylvania
MIT Sloan School of Management
| occupation = Investor
| known_for =
| notable_works =
| title = Former CEO of SoftBank Investment Advisers
| term =
}}
Rajeev Misra is a London-based banker and executive.{{cite news | title=SoftBank nominates Rajeev Misra, its $100-billion Vision Fund CEO, to board | website=The Economic Times | date=27 May 2017 | url=https://economictimes.indiatimes.com/small-biz/startups/softbank-nominates-rajeev-misra-its-100-billion-vision-fund-ceo-to-board/articleshow/58863484.cms | access-date=15 January 2018}} He was the CEO of SoftBank Investment Advisers.
Early life and education
Misra was born on 18 January 1962 in Balasore, Odisha, India.{{cite web | title=Biography: Rajeev Misra - Board of Directors - Company Info - About Us | website=SoftBank Group | date=18 January 1962 | url=https://www.softbank.jp/en/corp/about/officer/misra/ | access-date=15 January 2018}} He attended Delhi Public School at Mathura Road, Delhi, India; studied chemical engineering at IIT Delhi; and the University of Pennsylvania (gaining a Bachelor's in Mechanical Engineering and then a Master of Computer Applications [MCA]).{{citation needed|date=January 2018}} This was followed by a Master of Business Administration (MBA) at the Sloan School of Management at the Massachusetts Institute of Technology (MIT).{{cite web | last=Krishnamachari | first=S V | title=India-born Rajeev Misra joins Japan's SoftBank board | website=International Business Times, India Edition | date=27 May 2017 | url=http://www.ibtimes.co.in/india-born-rajeev-misra-joins-japans-softbank-board-728314 | access-date=15 January 2018}} Misra is a board member of both the University of Pennsylvania and MIT Sloan, and is on the board of trustees of Kaust.{{cite web | title=Global Conference 2017 - Speaker: Rajeev Misra | website=Rajeev Misra » Milken Institute | date=30 April 2017 | url=http://www.milkeninstitute.org/events/conferences/global-conference/2017/speaker-detail/27362 | access-date=15 January 2018}}
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.
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.{{Cite news|url=https://www.wsj.com/articles/rajeev-misra-built-softbanks-vision-fund-now-he-has-to-save-it-11572536439|title=Rajeev Misra Built SoftBank's Huge Tech Fund. Now He Has to Save It.|last=Hope|first=Liz Hoffman and Bradley|date=2019-10-31|work=Wall Street Journal|access-date=2019-11-04|language=en-US|issn=0099-9660}} 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.{{cite news |title=UPDATE 1-Rajeev Misra to leave Deutsche Bank |url=https://www.reuters.com/article/be-deutschebank-trader/update-1-rajeev-misra-to-leave-deutsche-bank-idUSL078831420080607 |accessdate=17 February 2020 |work=Reuters |date=7 June 2008 |language=en}}{{cite news |title=Breaking news: UBS makes big hire in credit |url=https://www.euromoney.com/article/b1322lcwj4mn0c/breaking-news-ubs-makes-big-hire-in-credit |accessdate=17 February 2020 |work=Euromoney |date=21 May 2009 |language=en}} 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.{{cite web |title=Biography: Rajeev Misra |url=https://group.softbank/en/corp/about/officer/misra/ |publisher=Softbank |accessdate=17 February 2020}}
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".{{Cite news|url=https://www.wsj.com/articles/softbanks-rajeev-misra-used-campaign-of-sabotage-to-hobble-internal-rivals-11582743294|title = SoftBank's Rajeev Misra Used Campaign of Sabotage to Hobble Internal Rivals|newspaper = Wall Street Journal|date = 26 February 2020}}{{Cite web|url=https://theamericangenius.com/business-news/ceo-at-softbank-lands-in-hot-water-with-multiple-serious-accusations/|title=CEO at Softbank lands in hot water with multiple serious accusations|last1=Clarkson|first1=Colin|date=2020-03-02|website=The American Genius|language=en-US|access-date=2020-03-03}}
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.{{cite news |last1=Patwardhan |first1=Nikhil |last2=Shrikanth |first2=Chandra R. |title=SoftBank's Rajeev Misra to step aside from main roles to build and run a new fund |url=https://www.moneycontrol.com/news/business/softbanks-rajeev-misra-to-step-back-to-launch-new-fund-8794441.html |publisher=Money Control |date=7 July 2022}}{{cite news |last1=Brown |first1=Eliot |title=Rajeev Misra to Step Back From Top Executive Role at SoftBank |url=https://www.wsj.com/articles/rajeev-misra-to-step-back-from-top-executive-role-at-softbank-11657192589 |publisher=The Wall Street Journal |date=7 July 2022}}
In November 2024, Rajeev Misra announced that he was formally stepping down as co-chief executive officer of SoftBank Group Corp.’s Vision Fund.{{Cite news |date=2024-11-12 |title=SoftBank Rainmaker During Startup Boom Exits Vision Fund |url=https://www.bloomberg.com/news/articles/2024-11-12/softbank-rainmaker-during-startup-boom-exits-vision-fund?srnd=homepage-uk |access-date=2024-11-12 |work=Bloomberg.com |language=en}}
References
{{reflist}}
Sources
- David Enrich, Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, Custom House (2020) {{ISBN|978-0062878816}} - The story of Deutsche Bank and Rajeev's role in it.{{Cite book |last=Enrich |first=David |title=Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction |publisher=Custom House |year=2020 |isbn=978-0062878816|location=New York}}
{{SoftBank}}
{{DEFAULTSORT:Misra, Rajeev}}
Category:MIT Sloan School of Management alumni