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BREAKING NEWS

Softbank names Ralf Wenzel to oversee joint ventures in Latin America

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 -
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Issei Kato(Reuters)
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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)

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