Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
State Street, a global financial services firm, announced the integration of the Mizuho Trust & Banking Luxembourg and the IFDS staff, resulting in 460 new positions being created in Luxembourg. The newly created jobs involve the staff of the Mizuho and IFDS units.
The restructuring is set to commence with the IFDS staff integration on 1 October 2025 and will continue with the Mizuho staff transition on 1 November 2025, with the consolidated workforce expected to operate from the new Cloche d’Or building by July 2026.
The move is driven by State Street’s strategic expansion of its services for Japanese clients and the consolidation of its asset‑management capabilities. By acquiring Mizuho’s non-Japanese asset‑management operations and terminating the joint venture with SS&C, State Street seeks to strengthen its global footprint and enhance its offerings to a key market.
State Street employs approximately 52,000 people worldwide and manages about 49 trillion USD (42 trillion EUR) of assets as of 30 June 2025. The new Cloche d’Or headquarters will accommodate between 850 and 900 employees, and the company plans to use flexible workspaces and remote‑work policies to adapt to future growth.
Eurofound (2025), State Street, Merger/Acquisition in Luxembourg, factsheet number 203821, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203821.
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