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Slipping out.

Another senior trader left Mizuho

Mark Shillam is understood to have left Mizuho International in London.

Shillam, who was Mizuho's head of emerging markets trading is thought to have left this week by mutual agreement. Mizuho declined to comment and Shillam didn't respond to an enquiry as to his whereabouts.

Shillam joined Mizuho in August 2013 as head of emerging markets. His exit comes after the bank is understood to have made a loss of as much as £20m (¥2.6bn) in its credit business, run by Claus Jorgensen, in the first quarter. 

Mizuho made multiple hires to its trading business in September and October last year with further hires in February 2020. One of those hires, Tristan Lagarrigue, left for UBS in May.  

Mizuho has been recruiting after previous hires from Credit Suisse left again last year. It's understood that additional new recruits will arrive soon.

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AUTHORSarah Butcher Global Editor

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