Mirae Asset Global Investments Holds Seminar with Over 10 Domestic and International Entities

Discussion on Strengthening Global Network and Management System

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 17th that it held a seminar for three days from the 14th to the 16th, targeting about 30 executives and employees from the finance, risk management, and audit departments of more than 10 domestic and overseas subsidiaries in Korea, the United States, Canada, India, Australia, Hong Kong, Vietnam, Japan, Brazil, and others.

This seminar was held to enhance the sense of belonging and synergy through exchanges between Mirae Asset Global Investments' overseas subsidiaries and global organizations, and to emphasize the philosophy and direction related to global business expansion. The three-day seminar was composed of programs emphasizing the importance of internal control and risk management necessary for expanding global business, including finance, risk management, legal affairs, audit, and compliance.

Mirae Asset Global Investments is a global asset management company with a network of 18 subsidiaries and offices in 13 regions worldwide. Before COVID-19, it continuously held various programs such as the ‘ETF Rally,’ where ETF experts from six countries gathered domestically and internationally to share ideas, thereby strengthening global network synergy.

Mirae Asset’s global exchange and communication have led to achievements in overseas business. On June 15, Mirae Asset acquired Australian ETF management company ‘ETF Securities’ through a joint investment of 55% by ‘Mirae Asset Global ETFs Holdings,’ a 100% subsidiary of Mirae Asset Global Investments established in Hong Kong, and 45% by the U.S. ETF management subsidiary ‘Global X.’ This acquisition was the first domestic case of expanding a global network solely with profits earned from overseas subsidiaries. ‘ETF Securities’ changed its name to ‘Global X Australia’ in September.

The U.S. ETF management company ‘Global X,’ acquired by Mirae Asset in 2018, grew about fivefold from approximately 11 trillion KRW at the time of acquisition to 52 trillion KRW by the end of October. It shows rapid growth by supplying differentiated thematic and income-type products under the catchphrase ‘Beyond Ordinary ETFs.’ As of the end of October, Mirae Asset Global Investments supplies 1,929 products in more than 40 countries overseas, with a scale reaching 269 trillion KRW.

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