London-based Mizuho International has gone live with Xcitek’s XSP software for corporate actions processing, following a detailed evaluations process of a number of systems providers. Said John Sweeney, executive director of Securities Services at Mizuho International, “XSP gives us end-to-end automation in our asset servicing area and enables us to offer a strong and competitive custody service to our clients whilst reducing operational risk.” Mizuho’s U.S. organization Mizuho Trust & Banking Co. (USA) has used XSP in its New York offices since 1999. The new deal highlights Xcitek’s expansion into Europe.
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