New Mizuho CEO Plans to Expand U.S. Capital Markets Business
- Bank will grow non-investment grade, financing operations: CEO
- Plans $390 million ESG investments over next five years
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Mizuho Financial Group Inc. is doubling down on bets in the U.S. capital markets by seeking to expand into more lucrative areas, according to its new chief executive officer.
The firm wants to hire bankers to build its businesses with non-investment grade companies and leveraged buyout financing, where returns are expected to be higher, Masahiro Kihara, CEO of Japan’s third-largest bank, said in an interview. There will be proper risk management for these undertakings, he said.