Press Release
MIZUHO and SBICAPS sign Business Alliance Agreement
Mumbai, January 9th 2014: Mizuho Bank, Ltd. (MHBK) one of Japan's leading megabanks, Mizuho
Securities Co., Ltd. (MHSC), Mizuho Financial Group's securities company, and SBI Capital Markets Limited
(SBICAP) India’s leading Investment Bank, today concluded a business alliance agreement, with the aim of
strengthening cooperation in a wide range of investment banking fields. Mr.Hiroshi Suehiro - Managing
Executive Officer/Head of Asia & Oceania excl. East Asia, MHBK; Mr. Hiroto Koda, Managing Executive
Officer, , MHSC and Mr V.G Kannan – Managing Director & CEO, SBICAP signed the agreement in
Mumbai.
SBICAP is the investment banking subsidiary of the State Bank of India, India's largest state-owned
commercial bank, which also has a comprehensive alliance relationship with MHBK after concluding a
business alliance agreement in the field of commercial banking on January 24, 2008. The current Business
Alliance Agreement seeks to achieve complementary business synergies between the parties, by promotion of
products, knowledge and expertise in the domain areas of Syndicate Loan, Project Finance, ECA Finance,
Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions Advisory and Private Equity advisory.
This alliance will not only reinforce the relationship but also open an era of large-scale collaboration on
strategic business and commercial alignment.
Speaking on the occasion, Mr.Kannan said “The strategic alliance among the three institutions is a significant
step towards synergising their strengths and supporting growing India-Japan relationship”.
Mr.Suehiro said “India, being one of the BRICS countries and amongst the fastest developing economies in
the Asia-Pacific region, makes for an attractive investment destination for Japanese companies. This is
corroborated with the rapid increase in Japanese companies establishing operations in India in recent years on
the back of promising business opportunities, including large projects associated with infrastructure
development.”
MHBK and MHSC will unite with other Mizuho group companies in using this alliance agreement to widely
support the needs of their customers by providing even higher quality financial services
About MIZUHO:
The Mizuho Financial Group is one of the largest financial institutions in the world, offering a broad range of
services including banking, trust and securities, and other business related to financial services through its
group companies. The group has approximately 55,000 staff working in approximately 890 offices inside and
outside Japan, and total assets of over US$1.8 trillion (as of March 2013). Under the umbrella of the holding
company Mizuho Financial Group, major group companies include Mizuho Bank (MHBK), Mizuho Trust &
Banking (MHTB) and Mizuho Securities (MHSC).
About SBI Capital Markets Ltd:
SBI Capital Markets Ltd. (SBICAP), India’s largest domestic Investment Bank, began its operations in August
1986 and is a wholly owned subsidiary and investment banking arm of State Bank of India (SBI), the largest
commercial bank in India. SBICAP offers the entire bouquet of investment banking and corporate advisory
services. The service bouquet includes the full range of financial advisory services under one umbrella
covering Project Advisory and Loan Syndication, Structured Debt Placement, Capital Markets, Mergers &
Acquisitions, Private Equity and Stressed Assets Resolution. SBICAP is a global leader in the area of Project
Loan Syndication and has lent crucial support to the Indian infrastructure sector. Headquartered in Mumbai,
SBICAP has 6 regional offices across India (New Delhi, Kolkata, Chennai, Ahmedabad, Bangalore and
Hyderabad), 2 branch offices (Pune and Guwahati) and 5 subsidiaries - SBICAP Securities Limited, SBICAP
Trustee Company Limited, SBICAP Ventures Limited, SBICAP (UK) Limited and SBICAP (Singapore)
Limited.