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126 Mizuho Financial Group
Global Business
Europe, Middle East and Africa (EMEA)
• Headquarters: London
• Number of offices: 24 offices in 17 countries/regions
• Number of employees: Approximately 1,800 employees
Key Areas of Focus
Accomplishments in Fiscal 2015
EMEA is a key hub and Mizuho has been an active participant
in the European market since 1952 and continues to grow its
presence. Together with assisting Japanese customers with
their financing needs in the region, we also provide corpo-
rates and institutions in EMEA with unparalleled access and
expertise in Japan and Asia. Increasingly we are seen as the
partner of choice for European companies in their home mar-
ket, providing them with a wide range of financial solutions.
MHBK, the corporate banking business of Mizuho in
EMEA offers a comprehensive range of loan, treasury and
cash management products and solutions, and aims to be
a leading-edge arranger, underwriter and provider of loans
within the EMEA region.
For the corporate banking business, fiscal 2015 proved to be
a year of landmark transactions working across borders and
entities, ensuring customers received the best service.
Mizuho’s involvement with AB InBev’s acquisition of
SABMiller was a highlight and the largest corporate loan in
the history of the global loan market. Further work with AB
InBev resulted in Mizuho also supporting the largest Euro
issuance of all time. Also of significance was Mizuho’s role
as joint bookrunner and mandated lead arranger on Teva’s
acquisition finance facility for the purchase of Allergan’s
pharmaceutical business, acting as joint book-running man-
ager on its subsequent share issue.
Innovative financing solutions continued to be a strength.
Mizuho’s ability to support a customer in a proprietary LBO
process that required complex considerations was showcased
via a deal for Airbus, with another highlight being a whole
business securitisation deal for RAC.
The investment banking business housed under Mizuho
International provides a wide range of securities services to
institutions and corporates including sales and trading in
both debt and equity securities, the underwriting of new
issues and M&A advisory.
Mizuho Trust & Banking (Luxembourg) (MHTBL) offers
various financial services related to fund administration,
global custody and securities agency business.
Dedicated to the growing needs of our customers and
driven to providing them with innovative solutions designed
to help them meet their objectives, we continue to aim to
grow with our customers in a stable and sustainable way.
As a result of our focus on the Global 300 customer base,
we increased revenues for this segment and successfully sup-
ported customers by providing value-added ideas. Through
the structuring and execution of a number of important
financing transactions, we continue to position ourselves as
the customers’ trusted global partner.
Other ‘firsts’ and awards included a loan facility for
Standard Bank which broke new ground as the first Ninja
Loan facility for an African borrower, and an ECA Facility for
Eskom proved to be a significant transaction. Mizuho played
a key role in the project financing of Shams Ma’an Solar
Photovoltaic Project, which was the first solar PV project in
the Middle East to be financed by commercial banks. This was
awarded Environmental Finance Solar Deal of the Year 2016.
The year was marked by significant progress where the
securities business continued initiatives to develop a sustain-
able customer-based business model. Substantial highlights
Bank Trust Bank Securities
Principal Operating Companies
Who W
e Are
What W
e Aim
to Do
Our Strategies for Value C
reationFoundations for
Our C
orporate ValueFinancial Review
1272016 Integrated Report
Com
pany Information
Global Business
Europe, Middle East and Africa (EMEA)
included the reorganisation of the fixed income sales &
trading business and for Mizuho International the launch of
Vanilla Customer Derivatives in September 2015.
Innovation is seen as a key driver within the industry and
the securities business in EMEA has embraced the migration
towards an e-driven market environment. There has been
a rapid rise in electronic trading within fixed income and
volumes have risen exponentially. The business achieved top
rankings during fiscal 2015 on Dealer-to-Customer electronic
trading platforms.
The equities business achieved top ranking for the third
year in the Institutional Investor Japan Survey. They also
achieved top ranking by investors in the European Business
survey for Research, Sales and Corporate Access.
The debt capital markets business embarked on an initia-
tive to build-out the financial institutions group (FIG) business
in EMEA.
Finally, the Transformation Project to restructure the secu-
rities business infrastructure reached the finalisation phase.
An enormous amount of systems change has been imple-
mented, providing the business with a more flexible operat-
ing platform for both the middle and back office functions to
enhance efficiency and position us for future growth.
In fiscal 2015, MHTBL launched a project to improve op-
erational and IT capacity mainly for the fund administration
business. In addition, its subsidiary, Japan Fund Management
(Luxembourg) which operates as a fund management com-
pany in Luxembourg obtained both Alternative Investment
Fund Managers Directive (AIFMD) and Undertakings for
Collective Investment in Transferable Securities (UCITS)
licenses, and has capability to manage these funds for distri-
bution across the EU.
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