Mizuho International Hires Pourcelet to Head Fixed-Income Sales

Mizuho International Plc, the London-based investment-banking unit of Mizuho Financial Group Inc. (8411), hired Nicolas Pourcelet as head of fixed-income sales.

Pourcelet, the former country head for France at Lehman Brothers Holdings Inc., joined on March 5 as a managing director, according to Mizuho spokesman Benjamin Harding. He was most recently at Rosenquist Capital, where he was a founding partner.

Mizuho, Japan’s third-biggest bank by market value, is combining its corporate- and consumer-banking arms and expects earnings from abroad to make up a bigger chunk of profit in three years as the nation’s lenders combat a shrinking economy and declining interest rates at home.

The securities firm also hired Mark Wheatcroft, formerly of UBS AG, as head of debt syndicate for Europe, Middle East and Africa and syndicate manager for sovereigns and supranationals, Harding said. Wheatcroft joined last month.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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