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INSTITUTIONAL INVESTMENT | Cesar Tordesillas, Japan
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Japan's Mizuho to hire senior foreign bankers

Mizuho will help domestic companies make acquisitions abroad by utilizing foreign bankers.

It wants to add bankers from US and Europe who have access to top executives in the health care, energy, technology, media and telecommunication industries overseas, Hiroshi Motoyama, chief executive officer at the Mizuho Securities Co. unit, said in an interview.

It plans to recruit fewer than 10 experts in total, he said.

Japanese companies are spending unprecedented amounts buying businesses abroad to counter the shrinking domestic economy and declining population.

Mizuho Securities plans to send two or three junior bankers from Japan to New York and London to obtain expertise on cross-border deals, Motoyama said, adding he will also hire foreign grads in Tokyo.

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