Mizuho Americas, a subsidiary business of the Japan-based Mizuho Financial Group, Inc, has announced today that it has selected Quantifi, a fintech provider of risk, analytics and trading solutions, to support its expanding equity derivatives platform.
Mizuho stated that it was looking for an independent pricing and structuring solution to supplement risk measurement on its price structured equity notes and derivative positions.
Quantifi will complement Mizuho America’s existing internal process, providing additional pricing models to validate its internal models.
Mizuho said that it selected Quantifi due to the depth of its equity analytics and flexibility of its technology. Additionally, Mizuho stated that it chose the fintech company because of its responsive service and extensive model library to help supplement its proprietary, in-house technology.
With Quantifi, Mizuho Americas will enhance its access to accurate and fast pricing and analytics and seamlessly integrate them with its other internal processes. By selecting Quantifi, Mizuho Americas has saved on development time and resources and now can focus on its core business.
Rohan Douglas, the CEO of Quantifi, stated: “We are delighted to be providing Mizuho Americas, one of the premier investment banks, with technology and support for its equity derivatives business. We look forward to partnering with Mizuho Americas to help it expand its equity offering.”
Enhancing Asset and Wealth Management Accessibility
The deal underscores Mizuho Americas’ commitment to enhance its investment bank offering and develop a suite of solutions for customers in the alternative investment market.
In December last year, Mizuho made a strategic investment in M-Service, a leading player in Vietnam’s digital payment sector. Mizuho acquired about 7.5% shares of M-Service to help the firm in its growth.
Last month, Mizuho Americas signed an agreement to acquire Dallas-based Capstone Partners, a leading middle-market placement agent focused on advisory and fundraising services to private equity, credit, real assets and infrastructure investment companies. With the merger, Mizuho wants to reinforce its capital raising and distribution capabilities through Capstone’s global network of over 1,500 Limited Partners across Asia, Europe and the US with expanded opportunities for cross-selling complementary investment banking solutions.
In October last year, Mizuho hired three senior bankers to enable expansion of its Americas platform across banking, equities, fixed income and futures in support of its customers.
