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

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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.