Zahra Peerbhoy is leaving Mizuho after just 15 months

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Zara Peerbhoy

Zahra Peerbhoy is leaving Mizuho just 15 months after she arrived. 

Peerbhoy was the London-based head of fixed income at the Japanese bank. She was hired from Credit Suisse in November 2017 and is said to have left again this morning.

Peerbhoy's exit follows that of various other senior Mizuho traders last month, including Michel Ramon, Mizuho’s head of European credit sales since 2013, Daria Crema, an executive director in fixed income sales who specialized in Italian clients, and Christian Santo, the former head of EMEA credit trading. Bloomberg reported in February that around nine people had left the Japanese bank's fixed income team since September.

Mizuho confirmed Peerbhoy's exit. The bank has hired Asif Godall from Cairn Capital (and formerly of HSBC) to replace Peerbhoy. However, he won't arrive until late March.

Peerbhoy, who previously spent 24 years at Credit Suisse, was said to have been a divisive figure at Mizuho. Traders at the Japanese bank in London complained of the arrival of various of Peerbhoy's former colleagues from Credit Suisse, and longserving Mizuho staff moved on. Last year's exits included Graham Halliday, a former head of fixed income trading and COO for the front office, Tara Dudar, the former head of EMEA central bank sales, and Grant Wiltshire, the former co-head of credit sales.

Peerbhoy's departure comes after Mizuho hired Suneel Bakhshi, chief executive of LCH, the LSE’s clearing house, as head of its UK-based investment bank last October. Bakhshi is understood to be shaking up the bank.

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