Rajeev Misra

Remains CEO of SB Investment Advisers which manages SoftBank Vision Fund 1, Masayoshi Son to manage second Vision Fund; move follows record losses in the Japanese investment group

Rajeev Misra retain his post as head of SoftBank Investment Advisers, which helps oversee the first Vision Fund's existing investments

Juneja's enhanced role comes amid the impending departures of managing partners Yanni Pipilis and Munish Varma, who are joining a new investment firm led by Misra

The two funds together have invested over $11-12 billion in the country. Together with Softbank's direct investment, this goes up to $14 billion

Sources say it is also possible that Son may invest some money in the fund through Softbank or other vehicles, although this could not be confirmed

A key lieutenant of SoftBank's founder Masayoshi Son, Misra will retain a senior position with the group's first $100-bn Vision Fund, but relinquish other roles, say people familiar with the matter

"If we find the right companies, we could invest $5 billion to $10 billion in 2022," Misra said on Thursday at the Bloomberg India Economic Forum

Misra, 54, a veteran banker, currently is the head of Strategic Finance at SoftBank Group