Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill and take advantage of a gradual rebound in mergers and acquisitions.

The Tokyo-headquartered bank has recruited dealmakers from bulge-bracket competitors for its leverage finance business, and it’s hiring more in industry verticals including financial institutions, health care and infrastructure, Michal Katz, head of corporate and investment banking in the Americas, said in an interview.

"We’ve absolutely been seeing rebound across M&A, private equity LBOs, as well as some dribbling into the IPO markets,” Katz said. Still, "activity in 2024 has not panned out as expected,” with most of it highly concentrated in mega-deals, particularly in energy, technology and financials, she said.