Misra to Step Back From Top Executive Role at SoftBank

Rajeev Misra, head of SoftBank Group Corp.’s giant venture-investing arm, will step back from his role to run a new outside investment outfit as the tech-investment giant struggles with the fallout of the tech rout.

Mr. Misra came to SoftBank in 2014 and helped turn it into the biggest and most controversial technology investor in the world. With an unrivaled $100 billion to spend and a cutthroat internal culture that led to poor investment decisions, it was almost single-handedly responsible for pumping up valuations across Silicon Valley and beyond.