Mizuho Hires Consumer US Cash Trader & Consumer Sector Specialist Michael Dick

Rhea-AI Summary

Mizuho Americas has appointed Michael Dick as Managing Director and Consumer US Cash Trader, effective immediately. Based in New York, he will report to Michael Drummey, Head of US Equity Risk Trading. Dick aims to enhance consumer trading strategies and risk management. He previously held senior trading positions at BMO Capital Markets, Barclays, and Lehman Brothers. Michael Drummey commended Dick's strong client service reputation and collaborative skills, highlighting his potential to boost the firm’s integrated trading capabilities.

Positive

• Hiring of Michael Dick may enhance the consumer trading strategies and risk management at Mizuho, benefiting the company’s trading performance.
• Michael Dick's extensive experience in consumer trading could provide fresh insights and improve client relations.

Negative

• Potential concerns over continuity and experience gaps due to management changes.

NEW YORK, June 16, 2020 (GLOBE NEWSWIRE) -- Mizuho Americas today announced the hiring of Michael Dick as Managing Director and Consumer US Cash Trader. Dick, known for his consumer specialist content to investors and corporates, is based in New York and reports to the Head of US Equity Risk trading, Michael Drummey. He will be responsible for driving desk consumer content and overseeing risk management for the Consumer trading group.

“I have known Mike for many years as a talented trader with a reputation for outstanding client service and excellent collaboration instincts,” said Drummey. “He complements our integrated trading, research, and access services offering and is a strong addition to our growing team.”

Dick joins Mizuho from BMO Capital Markets where he served as Senior Equity Trader, Consumer Sector. Prior to that, he held the same role at Barclays and was a senior equity trader at Lehman Brothers.

Dick holds a Bachelor of Science degree in Finance from Lehigh University.

About Mizuho Americas

Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. With professionals in offices throughout the US, Canada, Mexico, Brazil and Chile, Mizuho's operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Learn more at www.mizuhoamericas.com.

Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services including private banking and venture capital through its subsidiaries. The group has over 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of December 31, 2019, its total assets were $1.8 trillion. Learn more about Mizuho Financial Group at www.mizuho-fg.com.
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For inquiries, please contact:

Jim Gorman
Director, Media Relations, Mizuho Americas
+1-212-282-3867
jim.gorman@mizuhogroup.com

Laura London
Vice President, Media Relations, Mizuho Americas
+1- 212-282-4446
laura.london@mizuhogroup.com

FAQ

Who is Michael Dick and what role has he taken at Mizuho Americas?

Michael Dick has been appointed as Managing Director and Consumer US Cash Trader at Mizuho Americas.

What is Michael Dick's experience prior to joining Mizuho Americas?

Before Mizuho, Dick served as Senior Equity Trader at BMO Capital Markets and held similar roles at Barclays and Lehman Brothers.

How might Michael Dick's appointment impact Mizuho's stock (MFG)?

His experience and reputation in consumer trading could enhance Mizuho's trading operations, potentially positively affecting MFG's performance.