SoftBank has been holding internal discussions on whether to relocate the unit that manages its $100bn Vision Fund from the UK to Abu Dhabi, according to multiple people with direct knowledge of the talks.
The move has been under discussion for several weeks within the Japanese technology conglomerate, these people said.
It would be driven by a number of reasons, including a desire to lower its taxes and be closer to one of the main backers of the Vision Fund, Abu Dhabi’s Mubadala sovereign investment vehicle, which has put $15bn into the technology investment fund.
Such a shift could put distance between SoftBank Investment Advisers, the unit formed in late 2016 to manage the Vision Fund, and UK regulatory oversight. The unit, which employs around 400 staff, is currently registered in the UK and run out of a townhouse in Mayfair in central London.
The move has been under discussion for several weeks within the Japanese technology conglomerate, these people said.
It would be driven by a number of reasons, including a desire to lower its taxes and be closer to one of the main backers of the Vision Fund, Abu Dhabi’s Mubadala sovereign investment vehicle, which has put $15bn into the technology investment fund.
Such a shift could put distance between SoftBank Investment Advisers, the unit formed in late 2016 to manage the Vision Fund, and UK regulatory oversight. The unit, which employs around 400 staff, is currently registered in the UK and run out of a townhouse in Mayfair in central London.
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