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Mizuho Securities, Shinko Securities to merge Jan. 1, 2008

TOKYO, Japan - The top executives of Mizuho Securities Co. and Shinko Securities Co., both affiliates of Mizuho Financial Group Inc., meet the press in Tokyo on Jan. 10 after the two companies announced they have reached a basic agreement to merge Jan. 1, 2008, to form Japan's third-largest brokerage house in terms of operating revenue. From L to R: Shinko Securities President Takashi Kusama, Mizuho Securities President Makoto Fukuda, and Mizuho Securities Vice President Keisuke Yokoo. Yokoo will be president of the new company, Kusama chairman, and Fukuda vice chairman. (Kyodo)