Market Chatter: Mizuho to Expand Global Staff Rotations in Overseas Talent Push

MT Newswires Live12-05

Mizuho Financial Group (TYO:8411) will step up cross-border rotations for staff hired outside Japan to shed its image as a domestic bank "operating globally" and become a fully global institution, Nikkei reported Friday, citing Deputy President Suneel Bakhshi.

Bakhshi, the first foreign-born deputy president at Mizuho, took the post in April and now leads the lender's globalization drive after stepping down as head of Mizuho International in October, according to the report.

Mizuho plans to move more overseas-hired employees to Japan and other regions to build closer internal networks, with Bakhshi citing direct communication across markets as core to the shift, the report said.

The bank is targeting tighter Europe-U.S. cooperation in bonds and a unified regional product platform. Asia transaction banking will be another priority, where the lender sees a competitive edge to support clients across markets, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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