Mizuho Americas has made a significant strategic investment in DirectBooks®, the paramount FinTech platform revolutionising primary market communications.
This substantial investment marks a crucial step forward for Mizuho Americas, cementing its position on DirectBooks’ board of directors and solidifying its collaboration with leading investment banks to elevate capital markets on a global scale.
DirectBooks stands out as a pioneering FinTech consortium bank, established with the visionary objective of refining capital market operations. It achieves this through the enhancement of communication flows, facilitated by the structuration of deal data, documentation, and information exchange. The platform has witnessed remarkable growth, now boasting over 34 banks and an excess of 500 institutional investors. Mizuho Americas, initially the first non-consortium bank user of DirectBooks, has played a pivotal role in this expansion.
The investment by Mizuho Americas is a testament to the bank’s strategic commitment to fostering innovation and efficiency within global capital markets. Mizuho Americas, a subsidiary of Mizuho Financial Group—ranked as the 15th largest bank globally with assets amounting to approximately $2 trillion—provides a comprehensive suite of financial services across the Americas, EMEA, and Asia. With around 3,500 professionals, the bank’s operations span a diverse spectrum encompassing corporate and investment banking, capital markets, and an array of other financial services.
DirectBooks, on the other hand, leverages its profound technological expertise and deep market insights to streamline global financing markets. The platform significantly enhances the precision and efficacy of communication among underwriters, thereby enabling institutional investors to concentrate on their core investment activities. Founded by nine global banks including heavyweights like Bank of America, Barclays, and Goldman Sachs, DirectBooks has positioned itself as an indispensable tool in the capital market landscape.
Reflecting on the strategic investment, Mizuho Securities USA President and CEO Jerry Rizzieri remarked, “DirectBooks has emerged as an important provider of innovative solutions for the capital markets. We look forward to playing a larger role in their continued success.”
Paul Hughes, Head of Strategy at Mizuho Americas, also underscored the significance of this investment, stating, “DirectBooks has quickly paved the way toward a more efficient workflow that makes sense for the overall market – issuers, banks, and investors. This investment is core to our strategy globally.”
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