Mizuho Securities aiming to boost customer assets by 50% within a decade

Mizuho Securities Co. aims to increase the balance of individual customer assets under its management by 1.5-fold to ¥60 trillion in 10 years, its president and chief executive officer, Koichi Iida, said in a recent interview. The Mizuho Financial Group Inc. unit will focus on demand from working generations for the formation of assets in an effort to achieve the goal, Iida said. The company will enhance collaboration with Mizuho Bank, another Mizuho Financial unit, to encourage customers to transfer some of their bank deposits to investment trusts and other financial products, he said. "The key is whether we will be able to make offers suitable for individuals' life plans," Iida said. Mizuho Securities will utilize artificial intelligence technology to enhance the quality of service, he said. Specifically, the company will have sales staff share the know-how of personnel adept at dealing with clients and build a system to speed up improvement in operations, he said.