Mizuho has unveiled the opening of its new US holding company, Mizuho Americas LLC, which will formally launch on July 1 – the group comprises a host of legal entities, aggregating corporate and investment banking, financing, securities, treasury services, asset management, and research services for clients in North America, according to a Mizuho statement.
The company will be christened on July 1, which couples as the 10-year anniversary of Mizuho Financial Group’s (NYSE: MFG) listing on the New York Stock Exchange (NYSE). The launch of the bank holding company in the Americas is instrumental for Mizuho’s strategy of growth in the US market.
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In tandem with the launch, Mizuho Americas will also introduce a newly minted brand platform as well as a digital presence for its clientele in the region, which can be assessed by mizuhoamericas.com. As of July 1, 2016, Mizuho Americas will also represent the new parent company of Mizuho’s primary US subsidiaries, thereby providing oversight and management of its combined US businesses and operations.
According to Hiroshi Suehiro, Head of the Americas and Chief Executive Officer (CEO) of Mizuho Americas, in a recent statement on the launch: “The new U.S. corporate structure reflects our commitment to support our clients in the region. We are now ideally set up for long-term growth and plan to continue our investment in reinforcing the Mizuho brand in the Americas.”