Mizuho Corporate Bank appoints BoNY as London clearing agent

The Bank of New York, a global leader in securities servicing, has been appointed by Mizuho Corporate Bank Ltd, as clearing agent for its trading in US Treasury and Global securities clearing.

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Colin Wallace, assistant director at Mizuho Corporate Bank, London Branch, said, "Following market analysis which focused on the London Branch requirements, we selected Bank of New York for its securities clearance capability. The Bank of New York demonstrated they could deliver solutions across multiple markets, which fit nicely within the London Branch business model."

David Aldrich, managing director at The Bank of New York, said, "This appointment reflects our pre-eminent position in broker dealer outsourcing and clearance solutions. We look forward to demonstrating our high level of service."

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