Mizuho Corporate Bank has grown its global trade finance operations in London to cover the Europe, Middle East and Africa (EMEA) region under the leadership of its global head Nobuhide Hayashi, based in Tokyo.
The EMEA team is managed by Ikuo Shinjo and Bill Froggatt (who joined Mizuho from ANZ in November 2006 – see Jan/Feb GTR, p14).
The structure of the Mizuho’s global trade finance team in London has been split into four teams.
The Financial Institutions/Trade Finance Group under the leadership of Jeremy Burke, who is responsible for developing trade finance with all banks in EMEA covering a wide variety of products. In his team is Martin Broadhurst (who also joined in November 2006), who has long experience in portfolio management.
The Commodities & Structured Trade Finance Group under the leadership of Peter Litherland (who joined Mizuho from ANZ in January 2007), who is responsible for developing trade finance for corporates whether it be short-term vanilla trade or commodity and structured trade for corporates throughout EMEA. Litherland will also have responsibility for ECA-related business. In his team are Michio Noishiki, Jonathan Hollick (who joined in October 2006) and Alan Sweeting (who joined in January 2007).
Alan Sweeting has left ANZ to join Mizuho Corporate Bank as a director in the Corporate/Commodity & Structured Trade Finance Group, Global Trade Finance Division, in London. His appointment follows swiftly on from that of Froggatt. Froggatt was previously head of international commodity trade finance, EMEA, at ANZ.
The Risk & Collateral Management Group will be led by Hamish Scutt (who joined Mizuho in January 2007) who is responsible for monitoring all risks and collateral as well as ensuring the credit process works systematically. In his team are Paul Mackenzie and Anna Saprykina, who joined in October 2006)
The Business Planning & Development Group is under the leadership of Hidetoshi Komiya, who is responsible for policy making for business development among others. In his team is Mikiko Forrest (who joined in July 2006)
According to Froggatt the team will grow by a further seven staff over the next few months as the business continues to expand and develop its client base. This will compliment further the vast experience of this new trade and commodity trade finance team at Mizuho London, which has been assembled over the past few months, he says.
Froggatt further comments: “Mizuho is very committed globally in developing its trade finance business. This comes from the top under the leadership of Nobuhide Hayashi and his strong team in Tokyo.
“It will take us time to show the market globally what our capabilities are. However, in the meantime the commodity and structured trade finance group in London is starting to take shape, as are the teams in New York under the leadership of Ted Aldrich, and Singapore under the leadership of Masahiro Goda.”