State Street has completed the transfer of Mizuho Financial Group’s offshore securities services businesses, concluding an acquisition that was announced in February this year. The transaction represents movements of businesses with approximately US$580 billion in assets under custody and US$24 billion in assets under administration.
State Street’s acquisition includes Mizuho’s global custody services; cross-border fund services domiciled in the Cayman Islands, Bahamas, and Luxembourg; a European securities agency; as well as sub-custodian and securities lending services in the US, all supporting the overseas investments of Mizuho’s Japanese clients.
