Mizuho May Tap BlackRock Stake to Buy Asset Managers
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Mizuho Financial Group Inc., Japan’s third-largest bank by market value, may seek to buy investment advisory firms in Asia with BlackRock Inc. after purchasing a stake in the world’s biggest asset manager last year.
Mizuho is studying ways to deepen ties with New York-based BlackRock to aid a strategy of investing Japanese pension money in faster-growing Asian economies, Yasuhiro Sato, president of Mizuho Corporate Bank Ltd., said in an interview.