Mirae Asset Group, Organizational Restructuring... Proactive Response to Changing Business Environment

[Asia Economy Reporter Song Hwajeong] Mirae Asset Group announced on the 20th that it has carried out an organizational restructuring and key executive appointments to proactively respond to changes in the business environment.

Mirae Asset Daewoo has reorganized its structure, focusing on expanding asset management (WM) capabilities and strengthening risk management in head office sales, changing from the previous 3 divisions with 15 departments to 2 divisions with 15 departments.

In WM, the WM Marketing Headquarters and VIP Solutions Headquarters have been placed directly under the WM Division, and the number of regional headquarters in Seoul has been expanded and reorganized from 4 to 5. As investing becomes more popular and the money move of market funds to securities firms accelerates, the company plans to further strengthen overseas stock marketing and global asset allocation services to solidify its position as a market leader.

The Investment Banking (IB) division has been reorganized from the previous 3 departments into 2 major departments: Corporate Finance and Real Estate Finance, to improve organizational efficiency and strengthen deal risk management. The Trading division has abolished the Trading General Manager position, with the CEO directly overseeing trading risk management, while establishing a new S&T division to enhance revenue stability and continue efforts to diversify revenue sources.

Mirae Asset Global Investments has newly established the Marketing 3 Division to secure leadership in the Outsourced Chief Investment Officer (OCIO) market. Additionally, the real estate division has been expanded and reorganized to further strengthen expertise in domestic and overseas investments. Furthermore, by establishing a new Private Equity Fund (PEF) 2 Division to expand investment areas and promoting the Product Strategy Headquarters to a division to enhance product development capabilities, the existing organization has been expanded from 5 divisions with 26 departments to 6 divisions with 28 departments.

Mirae Asset Life Insurance has expanded and reorganized from 2 divisions with 9 departments to 2 divisions with 11 departments, focusing on strengthening partnership business competitiveness by expanding the corporate insurance agency (GA) and bancassurance channels in line with changes in insurance sales channels. In addition, this personnel appointment was carried out through bold selections based on performance, including the appointment of a female division head.

This content was produced with the assistance of AI translation services.