Japan banking group Mizuho Financial names new president and CEO.

Japan-headquartered Mizuho Financial Group has announced changes to its senior management ranks.

Effective 1 April 2014, current deputy president and deputy president-executive Nobuhide Hayashi becomes the new president and chief executive of the firm. He takes over from Yasuhiro Sato who takes the role of director on the same date. 

The announcement was made alongside a recently signed business alliance agreement with Swiss investment management firm Partners Group. In this deal, the two companies will jointly develop and distribute certain global private equity and infrastructure products in the Japan pension markets. The firms said they will also explore potential partnership in other business segments moving forward.