In a wave of hiring new staffers, Mizuho Financial Group has a new top gun for its investment and corporate banking divisions in North America. The global firm announced the promotion of Andrew Dewing to head the new created role of head of corporate and investment banking in North America. He started on April 1.
Dewing will report to Hiroshi Suehiro.
The investment bank also announced plans to expand the number of North American seats by an estimated 10 percent this year.
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Prior to the role, Dewing served as head of corporate finance in the U.S. at Mizuho Bank and spent two decades at Bank of America.
According to Bloomberg, The 10 percent expansion will build on a team of about 700 front office staff at both Mizuhos securities and investment banking divisions in North America, according to Gerald Rizzieri, who leads Mizuho Securities USA.
Mizuho clearly has a sober eye on his new role.“We are now going through another crisis. European banks need to rethink their strategy,” Dewing told Bloomberg. This is a huge opportunity for a bank like ours.
Bloomberg reports that Dewings division has expanded revenue and profit by 300 percent since he began leading U.S. corporate finance in 2013.
