(Telecompaper) At the same time, SoftBank is setting up a new operating group called the SoftBank Latin America Local Hub, which will partner with companies that are already in SoftBank's investment portfolio to help them enter the region. The group's Chief Operating Officer and former Sprint and Brightstar CEO Marcelo Claure has been named CEO of SoftBank Latin America and will be tasked with overseeing the new fund, its investments and operations. No decision has yet been made as to the location of the new fund's HQ, said SoftBank.