Mizuho Americas announced a strategic investment in DirectBooks, a leading primary markets communications platform. Through this funding, Mizuho will join the board of directors and work directly with other top-tier investment banks to enhance capital markets globally.
DirectBooks is a fintech bank consortium founded with a goal of optimizing capital markets through streamlined communication resulting from structured deal data, documentation, and information exchange. And Mizuho Americas joined the DirectBooks platform as the first non-consortium bank user. Since then, the platform has grown to over 34 banks and more than 500 institutional investors.
DirectBooks utilizes its technology expertise and market knowledge to optimize global financing markets. ANd DirectBooks improves the efficiency and accuracy of communications for underwriters, allowing institutional investors to focus on their investment process. DirectBooks was formed by nine global banks, consisting of Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo.
KEY QUOTES:
“DirectBooks has emerged as an important provider of innovative solutions for the capital markets. We look forward to playing a larger role in their continued success.”
– Jerry Rizzieri, President and CEO, Mizuho Securities USA
“DirectBooks has quickly paved the way toward a more efficient workflow that makes sense for the overall market – issuers, banks, and investors. This investment is core to our strategy globally.”
– Paul Hughes, Head of Strategy, Mizuho Americas
