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.
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.”
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