Mizuho recruits team of former Lehman electronic traders

11/10/2008 | Bloomberg

Mizuho Financial Group hired a 16-member team of former Lehman Brothers employees to help it launch electronic trading in Asia, sources said. Anthony Brooker, Lehman's former head of electronic-trading sales in Asia, will lead the team, which will target institutional investors and hedge funds. "It's positive to see Mizuho expanding its commission business, as it can't make much money from lending or investment banking," said Makoto Haga, president of Wing Asset Management.

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