The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Gains a Japanese Strategic Partner Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 12, 2010

BlackRock Gains a Japanese Strategic Partner

Reported by Neil Anderson, Managing Editor

BlackRock [see profile]just solidified its ties to yet another big bank. Yesterday reports surfaced that Tokyo-based Mizuho Financial Group was about to buy $500 million of BlackRock stock while creating some kind of partnership between the two firms (see The MFWire, 11/11/2010), and today Mizuho confirmed the deal.

According to Mizuho's statement, the duo plan "to sign a business cooperation agreement." BlackRock chairman and CEO Larry Fink praised Mizuho for its "deep understanding of the local markets in Japan and connectivity to investors throughout Asia." Mizuho president and CEO Takashi Tsukamoto put the partnership into the context of Mizuho's "transformation program."

"The program seeks to enhance our distribution of retail funds, strengthen our pension business, improve risk management functions and promote innovative product development," Tsukamoto stated. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use