SoftBank Group Corp. is hiring former Deutsche Bank AG executive Faisal Rahman to head operations in the Middle East for the division that manages its almost $100 billion fund, according to people familiar with the matter.
In the new role at SoftBank Investment Advisors, Rahman will help manage relations with the Vision Fund’s two key backers — Saudi Arabia’s Public Investment Fund and Abu Dhabi wealth fund Mubadala Investment Co., the people said, asking not to be identified as the matter is confidential. Among other things, he will help the fund set up branches for its portfolio companies in the region, they said.
