The Mizuho Financial Group has one of the largest overseas networks, even in comparison with world-renowned financial institutions. As the securities arm of the Group, Mizuho Securities has subsidiaries in the world' s major financial centers-United Kingdom, United States, Hong Kong, and Switzerland. Through this network, we provide global investment banking services, centering on underwriting and trading of debt and equity.
Through our London subsidiary, we cover the unified euro market, while our New York operation handles the U.S. dollar market, the world' s most powerful currency. The Hong Kong subsidiary covers China and the rest of Asia, which offer significant potential business opportunities. To meet the diversifying needs of customers expanding globally, we actively deploy this network in our quest to deliver high-value-added investment banking services underpinned by powerful research, sales, and execution capabilities.
In September 2005, Mizuho Securities opened representative offices in Beijing and Shanghai — its first operations in mainland China. We also established the International Business Promotion Group to strengthen our investment banking operations in Asia.
In February 2006, Mizuho Securities and the Bridgeford Group, our wholly owned subsidiary, entered into a strategic alliance in the M&A business with Evercore Partners, U.S. investment bank. This will greatly strengthen Mizuho Securities' presence in Japan-US cross-border transactions.
In December 2006, Mizuho Corporate Bank, Ltd. obtained the status of a financial holding company (FHC) in the United States. This will enable Mizuho Securities to engage in a full range of securities businesses and promote its investment banking business on a broader basis in the United State:
In July 2007, wholly owned subsidiary Mizuho Investment Consulting (Shanghai) Co., Ltd. launched operations, reinforcing our structure for providing high quality services in China.
Overseas Network
