Mizuho Financial Group is tapping a relatively young career insider to turn around the bank that’s been plagued by a series of technical disruptions and is still grappling with the legacy of a three-way merger more than two decades on.

Japan’s third-largest lender on Monday named Mizuho veteran Masahiro Kihara as chief executive officer — its third since 2011 — after the departure of Tatsufumi Sakai and other senior executives following a series of technical troubles that led to business improvement orders from the Financial Services Agency.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.