State Street to acquire the global custody business from Mizuho Financial.

State Street, a provider of financial services to institutional investors, agreed to acquire the global custody and related businesses outside of Japan from Mizuho Financial, a full-service financial institution. Financial terms were not disclosed. “Japan, Luxembourg and the United States are all important markets to State Street. This transaction demonstrates our strong commitment to further accelerating our growth in these markets. Mizuho’s decision to entrust State Street with their valued clients affirms their confidence in our high-quality client service, industry-leading capabilities and commitment to product innovation and technology investment. With 35 years of experience on the ground in both Japan and Luxembourg, and our long history in the United States, State Street is well positioned to support Mizuho clients’ global growth and business transformation,” Stefan Gmür, State Street Head of Asia Pacific and head of Strategic Business Growth.