ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Mizuho reshuffles management, vows more IT investment

Japanese megabank files improvement plan following system glitches

The new president and CEO of Mizuho Financial Group, Masahiro Kihara, said: "we will identify and eliminate shortfalls in staffing and investment in IT." (Nikkei montage/Reuters/HIrofumi Yamamoto)

TOKYO -- Mizuho Financial Group, Japan's third-largest banking group, announced a new management team on Monday, as it scrambles to resolve a string of computer system problems that have repeatedly inconvenienced depositors and business customers over the past year.

The reshuffle was announced along with the filing of a business improvement plan to the Financial Services Agency.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more