Mizuho hopes new debt chief's HSBC magic rubs off

Magician's hat and wand


Mizuho is hoping Daniel Shore can produce the same magic leading its Emea FIG debt team as he did at HSBC

The arrival in September of Daniel Shore as head of financial institutions for Europe, the Middle East and Africa in the Japanese bank’s DCM division, announced on August 11, marks the final piece of the recruitment jigsaw as Mizuho International looks to climb the league tables for FIG debt underwriting in the region.

Shore spent 14 years with HSBC, most recently as European head of FIG DCM at the bank, which ranked top for FIG DCM activity in Emea in 2015 for the first time in seven years, and occupies the same spot so far in 2016.

He left in March, according to his LinkedIn profile, and has not been replaced, according to a person familiar with the matter.

At Mizuho International, he takes a role last held by AJ Davidson, a former Royal Bank of Scotland banker who joined in November 2015 and left in February, according to the Financial Services Register.

Shore’s appointment follows several other hires to Mizuho International’s FIG business. Giles Parker joined in February as head of UK and Ireland DCM having spent almost three years with Morgan Stanley, according to the register.

Former Bank of Ireland liquidity risk and group capital management specialist Colin Reddy joined in March to run a treasury strategy and advisory group, while Daniel Ang joined in July as head of insurance and capital solutions, having previously worked at Standard Chartered.

Mark Wheatcroft, Mizuho International’s head of primary debt markets, said the batch of appointments would put the bank in “a position to expand and strengthen our offering for financial institutions”. He said their expertise would help in “building out the FIG platform to one that we can integrate globally and that is capable of competing”.

Mizuho International, which is the London-based securities and investment banking business of Japan’s Mizuho Financial Group, ranks 41st for bookrunner activity on Emea finance-sector debt issuance in 2016, excluding self-led deals, according to analysis of Dealogic data. Recent deals included euro and dollar trades as well as Japanese yen issues for borrowers including BNP Paribas and Societe Generale.

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