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Mizuho Financial to hire more staff for US securities unit

MizuhoFinancial Group Inc. is planning to hire more staff at its U.S.securities unit to win more deals, Bloomberg News reported July 24, citing YuzoKanamori, an executive officer at Mizuho Securities Co. and head of globalinvestment banking.

The company is looking to hire about 50 to 60 people infiscal 2016-2017 to increase staff at its U.S. securities unit, Kanamori said.

The Japanese megabank had managed US$31.7 billion in U.S.investment-grade note offerings in the fiscal year ended March 31, pushing itto become the 10th biggest underwriter in the period, according to datacompiled by Bloomberg. The firm has set a target of being 10th or above inmanaging investment-grade bond offerings by U.S. companies.

The bank is also planning to increase staff in its capitalmarkets businesses in Asia and Europe, Kanamori added.