This content is not available in your region

Softbank names Ralf Wenzel to oversee joint ventures in Latin America

Access to the comments Comments
By Reuters
Softbank names Ralf Wenzel to oversee joint ventures in Latin America
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato   -   Copyright  Issei Kato(Reuters)

SAOPAULO (Reuters) – Japan’s Softbank Group Corp <9984.T> 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.

(Reporting by Tatiana Bautzer; Editing by Edmund Blair)