By Nancy Dahlberg
In April, SoftBank Group announced the executive team that will run its $5 billion Softbank Latin America Fund – Paulo Passoni, Shu Nyatta and Andre Maciel. Signaling Miami’s growing role as a hub for Latin America, the world’s largest technology fund focused on the region will be steered largely from SoftBank’s offices in Miami, which has been rapidly adding jobs.
On Friday, SoftBank Group announced more members of the senior management team of SoftBank Group International and the SoftBank Latin America Fund. All the newly announced executives will be based in Miami.
SBGI is also forming the SoftBank Tech Hub based in Miami, which will be responsible for introducing and scaling SoftBank’s global portfolio into Latin America. There are at least seven job openings listed for the Miami office.
The SoftBank Latin America Fund, launched in March of this year, is focused exclusively on the fast-growing Latin American technology market.
The new Miami members of the SBGI and SoftBank Latin America Fund senior management team will all report to Marcelo Claure, CEO of SoftBank Group International and chief operating officer of SoftBank Group.
Chris Cooper will be chief financial officer of SBGI. He most recently served as global chief financial officer and chief compliance officer of Sequoia Capital, where he led the firm’s overall financial strategy and oversaw the firm’s geographic expansion, including multiple fundraisings.
Patricia Menendez Cambo will be deputy general counsel of SBGI and general counsel of the SoftBank Latin America Fund and the SoftBank Tech Hub. Cambo joins SoftBank from Greenberg Traurig, where she spent 25 years and most recently served as vice chair of the firm. She also helped found the firm’s Latin American and Iberian practices.
Francisco Sorrentino will be chief human resources officer of SBGI and the SoftBank Latin America Fund. Sorrentino served as vice president of Latin America & Caribbean for Microsoft, where he served as a member of the LATAM and HR Global Executive teams, supporting all Microsoft operations in the region across 35 offices in 18 countries with 2,700 employees.
Lee Bocker will be COO of the SoftBank Latin America Fund. Bocker joins SoftBank from TRG Management, a global emerging markets asset manager, where he was chief operating officer, partner and member of the executive committee.
“Their many years of experience working with global companies will complement our talented group of investment professionals,” said Claure, in a statement. “I am confident that we have assembled a world-class management team uniquely qualified to support our global portfolio of operating companies as well as help SoftBank expand its focus in Latin America as we continue to invest in transformative companies in the region which are driving significant innovation and disruption.”
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