Alok Sama, a top-level executive with Softbank is planning to step down from his post as President and Chief Financial Officer (CFO) of SoftBank International Holdings.
However, he will be continuing as the senior adviser of the company.
Reportedly, Sama had helped SoftBank founder Masayoshi Son in handling one of his biggest deals. He is leaving the company after completing five-year stint and has been instrumental in the $32-Bn purchase of UK’s ARM Holdings and the $59-Bn merger of US telcos Sprint and T-Mobile.
This 56-year old executive was intensely involved in SoftBank’s early India investments into online marketplace Snapdeal and cab aggregator Ola.
He is likely to take a sabbatical but will be hunting for better opportunities in investment management and advisory besides areas concerning distressed assets in India.
He holds 17 years of experience and held several significant positions at Morgan Stanley, which also included setting up of investment banking and capital markets business in India.
He is an alumnus from Wharton. The news of his exit comes months after former Facebook India Managing Director Kirthiga Reddy, joined SoftBank Investment Advisers, which administers the SoftBank-led $100 Billionn Vision Fund as its first venture partner.