(Bloomberg) -- Mizuho Financial Group Inc is considering naming Seiji Imai as its next chairman, according to a person familiar with the matter.

Imai, 59, currently heads the bank’s corporate banking and global banking operations and will replace Yasuhiro Sato who is set to retire in spring, the person said. 

Yuuichirou Takagi, spokesman for the country’s third biggest lender, said nothing has been decided on the move, which was first reported by the Asahi newspaper. 

Mizuho’s board will decide on the appointment Monday when it also expected to name Masahiro Kihara as its new CEO, Asahi said. 

Bloomberg had previously reported that Imai had been seen as a candidate to succeed current CEO Tatsufumi Sakai, who announced in November that he would step down after persistent glitches prompted rebukes from regulators. 

©2022 Bloomberg L.P.