Michael Ronen, the U.S. Head of SoftBank Group’s $100 billion Vision Fund, is leaving after expressing concerns about “issues” at the technology conglomerate, as per a media report.
In 2017, SoftBank Group launched the $100 billion SoftBank Vision Fund and recruited Ronen from Goldman Sachs. As per the report Ronen has been negotiating the terms for his departure for several weeks. A managing partner at SoftBank Investment Advisers, Ronen was in charge of sourcing deals, making investments and overseeing portfolio companies for Vision Fund’s U.S. investments.
Prior to joining SoftBank, Ronen had spent 19 years at Goldman, as a partner and managing director, co-chief operating officer of the Global Technology, Media and Telecom Group. Previously, Ronen had served as a noncommissioned officer in the Israeli Air Force Intelligence Corps and later worked as an attorney. He earned an LLB (JD) from Tel-Aviv University in 1994.
Report suggests SoftBank is in discussions with Ron Fisher, one of founder Masayoshi Son’s longest-serving lieutenants, regarding his future at the company.