Mizuho and Lombard Odier Trust Japan extend sustainability alliance

Mizuho Financial Group and Lombard Odier Trust (Japan) Limited signed a sustainability memorandum of understanding extending their 2023 private-banking alliance. The Japanese Lombard Odier entity will act as a strategic adviser and consulting partner, contributing sustainability research and investment expertise. Mizuho will contribute local market knowledge and its network as the parties develop investment strategies and services for high-net-worth clients. The release is dated 14 June 2024, although the hosting page displays 18 June. It describes a commercial collaboration, not an equity acquisition or a separately incorporated joint venture. No consideration, ownership percentage or bank lending commitment is disclosed in the announcement.