The company behind the world's biggest tech fund keeps hiring former Deutsche Bank traders

Japanese tech and telecom giant SoftBank has hired Colin Fan, a former head of investment banking and trading at Deutsche Bank, Bloomberg News’ Stephanie Baker reports.

The Hong Kong-born banker joined Deutsche Bank as a credit trader in 1998. Over 19 years, Fan rose through the ranks, eventually being named co-head of the firm’s investment banking arm in 2012.

Fan left the bank in 2015 as part of a large restructuring.

Fan isn’t the only former Deutsche Bank executive with strong connections to Softbank.

Rajeev Misra, a former top trading exec at Deutsche Bank, is SoftBank’s head of strategic finance. And Nizar Al-Bassam and Dalinc Ariburnu, who both previously worked at Deutsche Bank, arranged SoftBank’s deal for hedge fund group Fortress.

The tech giant recently launched its $US93 billion Vision Fund, with funding from Saudi Arabia, Abu Dhabi, Apple and Qualcomm. Vision Fund is the world’s largest tech fund and is based in London. It plans to purchase SoftBank’s previous investments in Nvidia and other American tech companies.

Read the Bloomberg story here.

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