SOURCE: Mizuho

November 10, 2010 11:56 ET

Mizuho Corporate Bank Announces Senior Health Care Investment Banking Appointment

NEW YORK, NY--(Marketwire - November 10, 2010) - Mizuho Corporate Bank (USA) ("Mizuho") today announced the appointment of Ashish Chabria as Senior Vice President and Head of Health Care coverage in its corporate and investment banking division, as part of the bank's plan to expand its US capital markets business. In his new role, Mr. Chabria will be responsible for expanding the bank's health care client relationships to originate banking, securities and advisory transactions. Mr. Chabria will also hold the position of Managing Director at Mizuho Securities USA.

Mr. Chabria has over 16 years of corporate finance experience, including 10 years focusing on the health care industry as a banker and an industry executive. Mr. Chabria most recently served as Head of Strategy & Corporate Development at Pharmascience, one of Canada's largest pharmaceutical companies. Prior to that, he was an Executive Director in UBS Investment Bank's Global Health Care Group, where he advised companies operating in a variety of sub-sectors of the health care industry in US, Europe and Asia. 

Robert J. Munch, Mizuho's Head of US Corporate Finance, stated, "This senior appointment, together with others that have been made in the origination, trading and distribution sides of our securities affiliate, Mizuho Securities USA, are proof of our commitment to deliver first-class investment banking services to issuers and investors. Our aim is to be a consistent, long-term corporate and investment banking provider with the ability to sell products and services that touch a number of different aspects of a client's business." 

About Mizuho Corporate Bank (USA)
Mizuho Corporate Bank (USA), a subsidiary of Mizuho Corporate Bank, Ltd., is an FDIC-insured, New York State chartered bank and a member of the Federal Reserve System. As a wholesale commercial banking institution, Mizuho Corporate Bank (USA), and its subsidiaries, complement traditional lending activities by providing a broad range of corporate financial products and services, including corporate, structured and project finance, investment banking, transaction banking and risk management. Mizuho Corporate Bank (USA) is a subsidiary of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), one of the largest financial services companies in the world, with total assets of over $1.7 trillion as of March 31, 2010.

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