Mizuho aims to double assets under management to $1 trillion

TOKYO — Mizuho Financial Group plans to double the value of its assets under management to $1 trillion, or roughly 148 trillion yen, over the next 10 years, a top executive at the Japanese banking conglomerate told Nikkei in an exclusive interview.

To achieve that goal, Noriyuki Sato, senior executive officer and head of Mizuho’s asset management company, said the group will consider acquiring companies strong at “alternative” financial strategies such as private debt, which can involve lending funds from investors to corporate borrowers or using them to invest in real estate.