October 20, 2023
Mizuho Financial Group, Inc.
Mizuho Financial Group announces intention to create Universal Bank in the EU region, to bring together Banking and Securities businesses
Mizuho Financial Group announces intention to change its structure in the EU, through the creation of a Universal Bank, bringing together its Banking and Securities business in the region.
The new structure will ensure Mizuho can deliver the very best services to clients, aligned with its strategy.
Amsterdam based Mizuho Bank Europe N.V. which is the Banking hub in the EU, and Mizuho Securities Europe GmbH, the EU Securities hub based in Frankfurt, will merge in FY2025 subject to regulatory approval. Mizuho Bank Europe in Amsterdam will transition to a key hub for the new Universal Bank – with Frankfurt, Madrid and Paris becoming branches of MBE.
These changes have an impact on the footprint in the region with offices in Brussels, Dusseldorf, Milan, and Vienna due to close, subject to regulatory approval. Mizuho will continue to deliver the exceptional levels of service that its clients have come to expect, with a fully integrated corporate and investment banking proposition for all its EU clients.
Mizuho remains committed to the EU region and has full confidence in these structural changes which have clients' needs at the core.
About Mizuho Bank Europe N.V.
|Company name||Mizuho Bank Europe N.V.|
|Address||Atrium Amsterdam 3rd Floor, Strawinskylaan 3053, 1077 ZX Amsterdam, The Netherlands|
|Shareholder||Mizuho Bank, Ltd.: 100%|
|Current network||Head office in Amsterdam and branches in Vienna, Brussels, and Madrid|
About Mizuho Securities Europe GmbH
|Company name||Mizuho Securities Europe GmbH|
|Address||TaunusTurm 34th Floor, Taunustor 1, 60310 Frankfurt am Main. Germany|
|Shareholder||Mizuho International plc*: 100%|
|*100% Subsidiary of Mizuho Securities Co., Ltd.|
|Current network||Head office in Frankfurt and branches in Paris and Madrid|