Mizuho Trust & Banking and Mizuho Securities have agreed to consolidate their European custody operations and securities lending operations currently provided by Mizuho Trust & Banking (Luxembourg) (MHTBL) and Mizuho International.
A statement on behalf of the two entities said that the move is taking place to centralize functions and to enhance the quality of services to clients. This move will make the best use of Mizuho’s resources in response to the ever-growing needs of worldwide clients and will further increase the efficiency of its business and infrastructure. Mizuho is confident that it can achieve its objective of further strengthening its global custody Service to its clients through the collaboration of three global custody centers in Tokyo, Europe, and America, the statement added.
MHTBL, a wholly owned subsidiary of Mizuho Trust & Banking, provides global custody, fund administration, and securities agency services with a strong focus on European assets. Securities lending is provided through London-based MHI, which also has a strong focus on European assets.
(JDC)