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Mizuho Bank plans to hire more people for its transaction banking business as it chases growth in this area to gain access to stable dollar funding, according to its top executive.

The firm is seeking to grow its head count to add to the roughly 160 transaction bankers it already has in Asia, Masahiko Kato, its CEO said in an interview, without specifying a number. The unit of Mizuho Financial Group is open to poaching from rivals after being a late comer to this market, Kato said.

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