Mizuho’s first female wealth manager head seeks sixfold growth
Tomoko Hama is tasked with increasing the value of assets the company advises clients on to more than ¥100 billion in five years.
Mizuho Securities has appointed its first female head of wealth management, Tomoko Hama, with ambitious goals for her company's asset advisory business. Hama, who took on the role as president of MiRaI Wealth Partners in June, aims to boost the value of assets under management to over ¥100 billion ($652 million) within five years, from the current level of around ¥16 billion.
The company, which is 95% owned by Mizuho, owns the remaining 5% in partnership with online brokerage Rakuten Securities. Hama's appointment marks a significant milestone, as she becomes the first female president of a Mizuho Securities group company and a rarity among female senior managers in Japan's finance sector, where women are still underrepresented in leadership positions.
Among Japan's 13 largest banks, brokerages, and insurers, all of the heads are men, including those at Mizuho Financial Group, Nomura Holdings, and Nippon Life Insurance, as per Bloomberg-compiled data.
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