Mizuho Securities Co : Consolidation of Mizuho’s European Custody Operations and Securities Lending Operations(PDF/50KB)
04/27/2012| 03:31am US/Eastern
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April 27, 2012
Mizuho Trust & Banking Co., Ltd.
Mizuho Securities Co., Ltd.
Consolidation of Mizuho's European Custody Operations
and Securities Lending Operations
Mizuho Trust & Banking Co., Ltd. (President and Chief
Executive Officer: Takashi NONAKA) and Mizuho Securities Co.,
Ltd. (President: Hiroshi MOTOYAMA) have agreed to consolidate
their European custody operations and securities lending
operations currently provided by Mizuho Trust & Banking
(Luxembourg) S.A. ('MHTBL') and Mizuho International plc
('MHI').
In order to centralise the functions within the group and
enhance the quality of services to clients, the Mizuho
Financial Group ('Mizuho') will consolidate European custody
operations through MHTBL and will consolidate European
securities lending services through MHI. This move will make
the best use of Mizuho's resources in response to the
ever-growing needs of worldwide clients and will further
increase the efficiency of its business and
infrastructure.
Mizuho is confident that it can achieve its objective of
further strengthening its Global Custody Service to its
clients through the collaboration of three global custody
centres in Tokyo, Europe, and America.
MHTBL, a wholly owned subsidiary of Mizuho Trust & Banking
Co., Ltd., provides global custody, fund administration, and
securities agency services with a strong focus on European
assets.
MHI, the London-based securities and investment banking arm
of Mizuho Securities Co., Ltd., provides financial solutions
to institutional investors, including securities lending
services with a strong focus on European assets.
END
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