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SoftBank appoints in-house lawyer as compliance officer

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) - SoftBank Group Corp 9984.T said on Thursday it has appointed in-house lawyer Tim Mackey as group compliance officer, following the departure of his predecessor.

The Tokyo-based Mackey has served as deputy legal counsel since November 2018 and has headed the compliance department in Tokyo for the last six months.

He takes up the role at a time when SoftBank’s strategy is under renewed scrutiny following reports by Reuters and other media of big bets on derivatives tied to tech stocks.

The group’s share price stabilised on Thursday, closing up 2% following three sessions of decline this week.

Reporting by Sam Nussey; Editing by Christopher Cushing

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