Mirae Asset Group

Mirae Asset Global Investments
Type Private company
Industry Financial services
Founded 1997
Headquarters Seoul, South Korea
Key people Hyeon-Joo Park, Chairman
Jae Sang KOO, Vice-Chairman
Woong PARK, Chief Executive Officer (Hong Kong)
Joon KWUN, Chief Executive Officer (US)
Arindam GHOSH, Chief Executive Officer (India)
Products Mutual funds, Trading & Investing, Retirement & Planning
AUM US $53.7 billion (June 2011)
Employees 670 Total; 130 Investment Professionals (2011)
Website www.miraeasset.com

Mirae Asset Financial Group

Mirae Asset Financial Group is a leading independent financial services group in Asia[1], headquartered in Seoul, South Korea. While the group’s core business is asset management, it also provides comprehensive financial services in the areas of wealth management and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the very first mutual funds to Korean retail investors in 1998.

Mirae Asset Global Investments Group

Mirae Asset Global Investments Group is the asset management arm of Mirae Asset Financial Group. It is one of the largest investors in emerging market equities[2]. With around 550 employees, including more than 190 dedicated investment professionals (as of 30 June 2011), Mirae Asset Global Investments Group has a presence in Hong Kong, China, Korea, India, Vietnam, Taiwan, Brazil, the United Kingdom and the United States. Mirae Asset Global Investments Group manages over US$53 billion in assets globally (as of 30 June 2011).[3]

As one of the world’s leading investors in emerging market equities[4], Mirae Asset Global Investments’ goal is to provide consistent performance for clients supported by extensive on-the-ground research in the emerging markets.

Contents

Chairman

Mr. Hyeon Joo Park is the founder and Chairman of Mirae Asset Financial Group. He had the vision to establish the Group in 1997 amidst the Asian Financial crisis and was the first to launch retail mutual funds in South Korea in 1998. Mirae Asset Global Investments Group, the asset management arm of the Group, is one of the market leaders in the Korean Mutual Fund Industry today, and Chairman Park has built Mirae Asset into one of the world’s largest investors in emerging market equities.

Mr Park is 52 years old, has a bachelor’s degree in business administration from Korea University and attended the Advanced Management Program at Harvard Business School in 2002. Numerous awards and honors have been bestowed on Chairman Park such as “The most respectable CEO in 2008” by the Korea Management Association and “The leading CEO in Korea’s Financial Industry in 2008” by the Maeil Economic Daily.

Milestones

2011

2010

2009

2008

2007

2006

2005

2004

2003

2001

1998

1997

Latest Awards

2011

2010

2009

2008

Other businesses

Mirae Asset Securities

Mirae Asset Securities provide clients with a comprehensive suite of services including wealth management, investment banking, brokerage and M&A advisory. The company understands the needs of clients and is passionate about providing a high level of service at all times. Its CEO is the vice president of the Mirae Asset group, Mr. Hyun-man Choi.

Mirae Asset Life Insurance

With over 1,400 full-time professionals and over 7,300 financial consultants, Mirae Asset Life Insurance is a full-service life insurance company offering clients a broad range of life insurance, investment-linked insurance and retirement products. To meet client needs, the company also offers financial consulting and comprehensive retirement planning services.

Mirae Asset Capital

Mirae Asset Capital is the founding company of the Mirae Asset group. The company, established in 1997, provides financial consulting and corporate finance services. It also invests in industries that drive the Korean economy, such as the internet, multimedia and biotechnology sectors.

Notes and references

  1. ^ Top Retail Manager in Asia incl. Japan and India, ex-Australia - Fund Manager Survey, Asia Asset Management, September 2010.
  2. ^ One of the largest investors in emerging market equities amongst 54 asset management firms surveyed – Investing in Emerging Market Equities Survey, Investment & Pensions Europe (IPE), Jan., 2011.
  3. ^ http://investments.miraeasset.com/en/group/ourBusManagement.jsp
  4. ^ Investing in Emerging Market Equities Survey, Investment & Pensions Europe (IPE), Jan., 2011
  5. ^ BetaPro, June 30, 2011.
  6. ^ Korean company to buy Titleist, Footjoy, FOX Sports, May 20, 2011.

See also

External links