This firm is hiring - and plans to take on Wall Street

A roughly 10% headcount increase.

The trading slump that drove Nomura Holdings to pare its overseas workforce isn’t deterring Japanese competitor Mizuho Securities.

Bloomberg News reports that the brokerage unit of Mizuho Financial Group expects to remain profitable abroad this fiscal year, even after a quarter that saw most Wall Street banks report steep earnings declines, Chief Executive Officer Tatsufumi Sakai said in an interview in Tokyo.

The firm is adding 50 to 60 bankers and back-office staff in the Americas in the coming year, a roughly 10% headcount increase, according to Sakai.

“Our overseas operations are currently profitable and we’ve been boosting revenue abroad very smoothly compared with other Japanese banks,” Sakai, 56, said last week. “Mizuho will boost profitability.”

To access the complete Bloomberg News article hit the link below:

Wall Street Slump Isn't Deterring Mizuho From Overseas Push

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