Mizuho Financial Group Inc. to Sell Global Custody Business

Mizuho Financial Group Inc. has entered into an agreement to sell its global custody business outside of Japan to State Street Corp, a leading financial services provider.

Transaction Details

• The transaction is expected to be completed by the fourth quarter of 2025, subject to regulatory approvals.
• The financial terms of the deal have not been disclosed.

Business Implications

The sale of Mizuho’s global custody business will allow the company to focus on its core business operations. State Street Corp will expand its global custody operations as a result of the transaction.

Timeline

• Fourth quarter of 2025: Expected completion of the transaction, subject to regulatory approvals.