Apr
24
Wall Street Slump Isn’t Deterring Mizuho From Overseas Push
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Japanese firm expects to make profit abroad this fiscal year
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Adding about 60 people in the Americas, according to CEO Sakai
The trading slump that drove Nomura Holdings Inc. to pare its overseas workforce isn’t deterring Japanese competitor Mizuho Securities Co.
The brokerage unit of Mizuho Financial Group Inc. expects to remain profitable abroad this fiscal year, even after a quarter that saw most Wall Street banks report steep earnings declines, Chief Executive Officer Tatsufumi Sakai said in an interview in Tokyo. The firm is adding 50 to 60 bankers and back-office staff in the Americas in the coming year, a roughly 10 percent headcount increase, according to Sakai…
Wall Street Slump Isn’t Deterring Mizuho From Overseas Push
