Mizuho to liquidate advisory unit

Mizuho Holdings Inc. said Tuesday it will liquidate DKB Investment Management International Ltd., an investment advisory unit in Britain, at the end of March.

The move is part of operational restructuring by Dai-Ichi Kangyo Asset Management Co., a Mizuho Holdings unit with a 51 percent stake in the British firm, the Japanese financial group said.

Mizuho Holdings’ earnings in the current business year will not be affected by the planned liquidation of DKB Investment, which will discontinue operations at the end of this year.

Founded in 1986, DKB Investment had assets totaling £4.59 million at the end of 2001.