Juneja, who is also responsible for SBIA’s Indian investments, will relocate to London, according to a memo sent to staff by Rajeev Misra reviewed by Bloomberg.
Juneja’s enhanced role comes amid the impending departures of managing partners Yanni Pipilis and Munish Varma, who are joining a new investment firm led by Misra. “Both have made a huge contribution to the firm’s investment activities over the past few years, building our core capabilities in Europe and India,” Misra wrote in the staff memo.
A SoftBank spokesman declined to comment.
U.K. and European companies backed by SoftBank Vision Fund 2 include buy-now-pay-later specialist Klarna, meal-kit maker Gousto and fantasy soccer platform Sorare.