Mizuho seeks to remain amongst top 10 global investment banks: report
Investment banking head Naoki Takahashi wants to challenge bulge-bracket banks.
Mizuho Financial Group aims to remain a Top 10 investment bank globally, reports Reuters, based on an interview with its investment banking chief.
It became the first Japanese bank in 13 years to rank within the top 10 of LSEG’s investment banking league table in 2023, benefiting from its role as lead underwriter of chip designer Arm’s IPO, and the purchase of US M&A advisory Greenhill.
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The last time a Japanese bank broke the top 10 was in 2010, when Nomura Holdings placed ninth in the table.
"We believe we can keep our position in the top 10," Naoki Takahashi, head of Mizuho's global investment banking division, said in an interview. "We want to challenge the dominance of bulge-bracket banks."
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Takahashi said an enhanced M&A advisory platform as a result of the Greenhill acquisition will broaden Mizuho's capabilities for Japanese companies seeking deals abroad.
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