Bloomberg - Mizuho Financial Group in bond push

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Mizuho Financial Group’s investment bank is targeting a bigger share of global financial bond deals as it seeks more profits overseas and expands its debt capital markets business at home and abroad.

The Japanese bank has managed $8.7 billion of financial bonds so far this year, climbing 27 spaces compared with the same period last year to rank nineteenth, according to data compiled by Bloomberg.

Mizuho set up a financial bond team in London last fiscal year to join similar groups in Tokyo, New York and Hong Kong, and has about 25 staff in the business, according to Yuzo Kanamori, head of global investment banking at Mizuho Securities Co.

“Our corporate bond business has already come a long way, and we want to do more in the financial institutions bond area,” said Kanamori in an interview at Mizuho’s Tokyo offices. “I have to consider where we can make more profits from here on. We want to do more domestically, but there is certainly considerable upside potential for our DCM business overseas.”

Hit the link below to access the complete Bloomberg News article:

Mizuho Chases Financial Bond Deals as It Starts London Team

Morgan Stanley to ‘Significantly Reduce’ Recruiting of Brokers

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