Dell EMC has poached Microsoft's head of mergers and acquisitions operations in Europe and Israel to run its venture capital arm, a source close to the situation told CNBC.
Yair Snir, who was previously the director of M&A and business development at Microsoft in Europe and Israel, has moved over to Dell EMC to head up Dell Technologies Capital, the firm's venture arm.
Snir started the role this week, but his LinkedIn profile has not changed to reflect the move.
The position Snir left vacant at Microsoft is currently still open. Neither Microsoft nor Dell EMC have responded to a request for comment.
Dell Technologies Capital will focus on equity investments in early and late stage start-ups in areas including storage, security, hybrid cloud and big data, the source said.
Dell completed its $60 billion deal to buy EMC last month. As part of that deal, EMC Ventures, the company's VC division was incorporated into Dell Technologies