Mizuho’s Asset Management Unit Weighs US, European Acquisitions

Mizuho Financial Group Inc.’s asset management joint venture will consider buying US and European rivals as it seeks to bolster alternative assets and foreign equities.

It is already working with US firms to expand its alternative assets business for wealthy individuals, and is preparing to launch a fund, Noriyuki Sugihara, CEO of Asset Management One Co., said in an interview. With the market catering to Japan’s ultra-rich set to grow, the company plans to offer products in this area as well, he said.

Noriyuki Sugihara

Source: Asset Management One

Asset Management One will also consider hiring external talent for a subsidiary that specializes ...