Latin America continues to be an important area of focus for investors seeking to broaden exposure to emerging economies. Adding LatAm fixed income sales and trading capabilities further aligns Mizuho with the needs of its global client base and provides a strong complement to the firm’s extensive fixed income execution and distribution platform and growing emerging markets origination business.
Trading hires include Allan Grauer, Head of LatAm Trading, Sebastian Azumendi, Head of LatAm Credit Trading; and Georges Fernandes, High Yield Credit Trading. Emerging Markets Fixed Income Sales will be enhanced with the additions of Rod Eichler and Nestor Cybriwsky. Further appointments to the team are expected.
John Koudounis, President and CEO, MSUSA, stated, 'Client needs have always driven MSUSA’s growth. These emerging markets hires, along with the other targeted appointments that we continue to make in the origination, trading and distribution sides of the business, are a strong indication of our commitment to deliver first-class investment banking services to issuers and investors'.
Jerry Rizzieri, Executive Managing Director and Head of Fixed Income, MSUSA, commented, 'Diversifying our product lines to better service customers continues to be a high priority for Mizuho Securities USA. Latin American debt trading is a natural extension of our fixed income platform’s existing Investment Grade and High Yield Credit businesses and aligns with Mizuho’s expansion efforts in Brazil'.
Mizuho's presence in Latin America will also continue to grow with the completed acquisition of Banco West LB do Brasil. Although still subject to regulatory approval, the acquisition of a Brazilian corporate banking subsidiary will significantly enhance Mizuho's ability to support client business activities in Brazil and across the region through more extensive financing and advisory services for potential acquisitions, divestitures or joint ventures, and greater access to loans, derivatives and other capital markets products.