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.
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