Mizuho Financial merges 2 brokerages to bolster operations

Mizuho Securities Co. has been formed by merging two brokerages under Mizuho Financial Group Inc.

The premerger Mizuho Securities handled corporate transactions, while Mizuho Investors Securities Co. served individual customers. They will gradually integrate their branch networks to enhance efficiency.

"We hope to reap quick benefits from the merger by exploiting both firms' customer bases and expertise onproduct development," Hiroshi Motoyama, president of the merged firm, said.

While the merged firm is currently a subsidiary of Mizuho Corporate Bank, it will be directly managed by Mizuho Financial Group by September. The new entity aims to cement ties with the commercial and trust banking arms of the group.

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