Thursday, August 14, 2014

Yasuhiro Sato: Mizuho Financial Group CEO

Yasuhiro Sato was born in April 1952 and earned a degree in economics from Tokyo University in 1976. After graduating, Yasuhiro began his career at the Industrial Bank of Japan. He continued working for the company which eventually combined with Dai-Ichi Kangyo Bank Ltd and Fuji Bank Ltd in 2000 to form Mizuho.

Yasuhiro gained international banking experience working in New York in the late 1980s building close ties with global financial institutions. Rising through the ranks he became executive officer of the international banking unit of Mizuho Corporate Bank in March 2003.  Yashiro was appointed Mizuho Corporate Bank’s managing executive officer in April 2004.

He became the CEO of Mizuho Corporate Bank in April 2009. In this capacity he announced plans to enter emerging markets in the ASEAN region.  In May 2011 Yasuhiro became the CEO of Mizuho Financial Group.  As a sign that times were going to be tough he took a 30 percent salary cut for his first three months as CEO.  He also announced plans to cut 3,000 jobs in November.

Making tough decisions, Yasuhiro has been working hard to streamline Mizuho Financial Group and make the most of its huge resources.

                                                                                               

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