Managing Director Kato Promoted to President of Mizuho Bank, Mr. Hamamoto as President of Securities-April 1 – Bloomberg

On the 19th, Mizuho Financial Group (FG) announced the appointment of Mizuho Bank Chairman Katsuhiko Kato (55) and Mizuho Securities Chairman Yoshiro Hamamoto CEO (54). Dated April 1.

Mizuho Bank’s main change will be the first in four years, and Mizuho Securities will be the first in three years. Bank President Koji Fujiwara (59) will be appointed Vice President of Mizuho FG and President of Mizuho Bank, and President Koichi Iida (58) of the same certificate will be appointed President of Mizuho Research & Technologies.

Mizuho FG President Tatsufumi Sakai, who attended the press conference on the evening of the same day, said about these 2019 personnel matters.He said his goal was to “rejuvenate even more” towards realizing the conversion to the next generation financial business model set out in the five-year plan.

Mr. Kato, who was present, pointed out that the issue is how to respond to customer expectations of banks, which have changed significantly in the last 20 years. Regarding the new coronavirus disease, he said: “It has been longer than I imagined. We will strongly support our business partners with financing.”

Mr. Hamamoto cites “further strengthening of the group’s integrated management” as a problem, saying that while Mizuho is promoting group integration, there are still barriers between banks and securities, domestic and foreign. He said that increasing the weight of Asia is an important issue in the securities business.

Don’t wait for FinTech and DX support

Mr. Kato is from Nagoya. After graduating from Keio University, he joined Fuji Bank (now Mizuho Bank) in 1988. After working as a manager of the Seoul branch and manager of the Nagoya sales department, he became CEO in April 2008 According to Mr. Sakai, he is one of the best Asian enthusiasts in the Mizuho Group who has been involved in international business for 15 years.

Mr. Hamamoto is from Kanagawa Prefecture. After graduating from Keio University, he joined the Industrial Bank of Japan (same as above) in 1990. After serving as Managing Director of Financial Market Sales Department 1 and President of Mizuho Securities Asia, he was appointed Chief Executive Officer of Mizuho FG, Chief Executive Officer of Mizuho Securities and Managing Director of the Global Markets Division in April 2008.

Additionally, Mizuho FG Senior Executive Director Masahiro Otsuka (59) has also announced the appointment of the President of Mizuho Research & Technologies. The company is a subsidiary of Mizuho FG, and will be established in April through the merger of the Mizuho Research Institute and the Mizuho Information and Research Institute.

Shinichi Tamura, an analyst at Bloomberg Intelligence (BI), said: “I have the impression that the maximum change in three or four years is a little early. There is.” “For the financial group, the response to FinTech and digital transformation (DX) is not waiting, and we expect the younger generation to respond,” he said.

(We will update the article by adding comments from the press conference.)