Investing.com-- The chief financial officer of SoftBank Group’s (TYO:9984) Vision Fund investment arm, Navneet Govil, is leaving the company after a decade, Reuters reported on Tuesday, citing an internal memo.
Govil, CFO of SoftBank Investment Advisors, joined SoftBank in 2016, a year before the launch of the first Vision Fund, and remained one of the longest-serving senior executives at the investing unit through periods of market turbulence, restructuring, and leadership changes.
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The company will provide details on transition responsibilities in due course, the memo added.
Govil’s departure comes as founder Masayoshi Son has increasingly focused on artificial intelligence investments, including a major stake in OpenAI.
The Vision Fund recently benefited from gains tied to its OpenAI investment, helping SoftBank report a record annual profit in May.
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