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Don’t get too excited about those jobs at Mizuho

It’s a new week, and the dust is settling on the revelation that Mizuho wants to 150 investment bankers in Europe.

The story originated with Bloomberg last Tuesday, following an interview with Mizhuho president Keisuke Yokoo.

However, according to one person with knowledge of the matter, Bloomberg over-egged Mizuho’s plans.

“Nothing serious will happen in the next 6 months,” she says. “Their statement was one of intention and long term strategy rather than an immediate right-now push to increase headcount in Europe.”

A spokesperson for Mizuho confirms this. “The Bloomberg story was a bit of an exaggeration. We are currently in the business planning process and are conducting a strategic review of our business areas. We have an aspiration to expand, but can’t give concrete numbers.”

Mizuho’s merger with Shinko Securities was finalised only this month. The strategic review is being undertaken to set the focus for the combined organisation.

A headhunter who works with Mizuho says they’re hiring, but are nowhere near knowing what they’re doing yet.

Mizuho’s reticience is likely to be disappointing to both recruiters and candidates, who have been targeting the Japanese bank. “We’ve had quite a lot of CVs, but there’s no line outside the door,” says the spokesperson.

Comments (11)

Comments
  1. Girl in bar: “So where do you work?”
    Guy: “Mizuho Securities”
    Girl: “OK.. I..have to go and stand over there now. Bye”

  2. I have a freakishly small manhood. This has made me incredibly insecure and each night I cry myself to sleep before wetting the bed.

  3. Guy in the bar ‘but my name is henry… … do you not know who I am?

  4. Henry, u got that spot on, Again!! hahaa

  5. Did she realise you have nothing of interest to say Henry and couldnt bare to spend any longer looking at your ugly mug? Or did you simply bore her?

  6. henry is a tragic one dimensioned boy that only mechanically follows the rules of a lame game., which makes only a few percentage of his brain active throughout his lonely life.
    He praises prostitution, when a true life enjoyer gets nice girls for free (no need to indirectly show your salary to get hundreds of hot girls henry!).
    And about money: there are many ways to earn a lot without working more than 8 hours a day and without ageing accelerating stress and pressure. You are simply not informed. And not curious. Ohh.. and your “economics analysis” are at the High school level…you clearly are not a skilled person.

  7. Henry, when is your next column?

  8. Henry, I just read your tips in how to get 1m before 30. You destroyed the romanticized image I had of you. 20 bucks for a CV? You forgot riding your bike to work (prob 5x 20 a month), doing the dishes, instead using the dishwasher (maybe 50 a year), avoiding the dry cleaning (another 4x 20 a month).

    Supposing you had good bonuses, you just found a crack in the system, it happens all the time. Just the classic right place right time. Stop losing time with us EFC losers, please.

  9. OK, the “20 bucks for a CV” thing –

    Its purely a single example of the kind of thing I’ll do several times over on a daily basis. When you’re an Associate on 60k base, take off tax and that’s 3.4k a month, 112 a day. Take off all your costs and you’re left with let’s say 1k a month, ie 33 a day to save. The leverage thus of doing lots of things like making 20 to format a CV in 15 minutes, during your work time (so you’re getting double-paid), where you won’t be paying tax.. the leverage on that additional income to save is just enormous. Every little helps and its a mindset of doing things like that every few hours that means every year only 40-60% of my income has been from front office banking. Do the maths to get rich.

  10. Sarah – do you actually read the newspapers? If so you might have seen Daiwa just bought a big chunk of Close Brothers! Slightly more newsworthy than this!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And I’m saying that as an employee of a rival Japanese firm!

    ConfusedByTheLackOfNewsOnHere Reply
     
  11. I do and I did see that. We don’t generally do straight news, only news with a hiring/firing/pay angle (which admittedly Daiwa has). We’ll cover it imminently. Mizuho are interesting because the prospect of them hiring 150 people soon was a big fillip for recruiters last week. It’s a bit disappointing if that’s not happening after all.

    Sarah, Editor, eFinancialCareers Reply
     

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