Basic Strategy for the Securities Business
To pursue synergies by strengthening ties between the group's banks and securities companies, Mizuho is creating an organization that utilizes and integrates its banking and securities functions to provide customers with comprehensive solutions based on customer segmentations. To this end, Mizuho Securities (MHSC) handles securities business for the Global Corporate Group, and Mizuho Investors Securities (MHIS) handles securities business for the Global Retail Group.
In respect of the securities business, the group plans to merge MHSC and MHIS in the second half of fiscal 2012, pending approval from the regulatory authorities in Japan and abroad. This merger is intended to enhance the retail business in Japan, rationalize and streamline management infrastructure, and provide securities functions in a unified manner through the group's full-line securities company.
Mizuho Securities
MHSC is working closely with Mizuho Corporate Bank (MHCB) and other group companies to fulfill its aspiration of becoming "the most reliable investment bank with global reach."
MHSC provides customers with all-round support through its investment banking business, proposing management strategies and procuring funding. It has already secured a position as a market leader in the bond underwriting business and structured finance. It has also occupied a top position in M&A and other financial advisory services. These constitute its main businesses, along with providing solutions through underwriting equities, support for IPOs, IR consulting, and financial and capital management advisory services. In some business promotion sections, MHSC introduced a "double-hat" structure allowing its staff to hold posts concurrently in business promotion divisions of MHCB. This allows them to provide customers with the best possible financial services for their needs on a one-stop basis.
In providing and selling products, its principal operations cover sales and trading of bonds and equities, research and funds (investment trusts). It provides timely, high-quality information and offers high-value-added products and solutions to meet the varied investment needs of a wide range of customers at home and overseas.
It is also making efforts to utilize its network of overseas subsidiaries for the integrated development of domestic and overseas business.
Mizuho Investors Securities
In addition to building a powerful cooperative network with Mizuho Bank (MHBK), MHIS is working closely with other group companies to achieve its goal of becoming "the securities company that customers trust most to be close to them."
To expand its cooperative channels with MHBK, it is deploying joint branches known as Planet Booths. Among other things, it is also proactively strengthening ties with the group through a financial instruments intermediary service with MHBK and trust agent business with MHTB. In some capital markets sections, MHIS introduced a "double-hat" structure allowing its staff to hold posts concurrently in MHBK. This allows them to provide financial services to customers with IPO needs on a one-stop basis.
With this as its business promotion base, MHIS responds to customers' asset management needs through various securities-related solutions, to their funding needs through equity and bond underwriting services, and to their capital management needs through consulting services, thus provides carefully tailored, high-quality products and securities services in a speedy manner.
