Mizuho names new president and CEO for trust banking arm

Kenichi Sasada was head of the asset management division and real estate unit.

Mizuho Financial Group has appointed Kenichi Sasada as its new president and CEO (representative director) for Mizuho Trust & Banking Co. (MHTB).

Kei Umeda, who was president and CEO, will become chairman of Mizuho’s board of directors.

Prior to his new role, Sasada was managing executive director of MHTB.

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In particular, Sasada was in charge of the asset management division and of the real estate business unit, as well as the stock transfer agency business unit.