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SoftBank CFO Alok Sama To Leave Firm After Five-Year Stint

Alok Sama, president and CFO of SoftBank International Holdings, who helped founder Masayoshi Son make his biggest deals like the $32-billion purchase of UK’s ARM Holdings and the $59-billion merger of US telcos Sprint and T-Mobile, is leaving the firm after a five-year stint, the Times of India reported citing two unnamed sources.

The St Stephen’s College graduate, who also holds an MBA degree from Wharton, and closely involved in SoftBank’s early India investment into online marketplace Snapdeal and ride-hailing major Ola, will continue to be a senior adviser even as he leaves his post. “He is likely to take some time off but is looking at different opportunities in investment management and advisory besides areas like distressed assets in India,” the source quoted above told ToI, adding that Sama has yet not finalized his future plans.

Sama’s exit is “amicable” and he plans to work with the Japanese telecom and internet major on the potential on future deals, said one of the sources close to SoftBank.

Sama will continue to represent SoftBank on the boards of SB Energy, the renewable energy joint venture with Bharti and Foxconn in India besides SoFi, a San Francisco-based online lender, the daily said.

Worth mentioning here is the development comes after SoftBank last year said it was probing the source of “unsubstantiated attacks” against Sama and Nikesh Arora,  who left the company abruptly in June 2016. In an earlier report in May 2017, ToI had said that Sama was not going to be a part of the $100-billion Vision Fund launched in late 2016.

Sama, 56, has spent close to 17 years of his career at Morgan Stanley. During his stint, he set up the investment banking and capital markets business in India. In 2005, he set up Baer Capital, which launched private equity and a  real estate fund in India.―Times Now

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