Japan’s SoftBank names Ralf Wenzel to oversee JVs in Latin America

The SoftBank Group Corp. logo is displayed inside the lobby of a building which houses the company's headquarters in Tokyo, Japan, on Thursday, Nov. 29, 2018. Photographer: Kiyoshi Ota/Bloomberg

Japan’s SoftBank Group Corp named entrepreneur Ralf Wenzel as chief executive at its Latin American Tech Hub, with the goal of creating joint ventures among SoftBank-backed companies in an effort to expand in the region.

SoftBank said in a statement the group wanted to create 50 partnerships in five years, helping companies in the group’s Vision Fund expand in Latin America.

Ralf Wenzel is founder of foodpanda, a food delivery company, and Skrill, an e-wallet company in Europe.