Mirae Asset Global Investments Appoints New CEO for Canadian Subsidiary 'Horizons ETFs'

Mirae Asset Global Investments announced on the 12th that Rohit Mehta has been appointed as the new Chief Executive Officer (CEO) of its Canadian ETF management subsidiary, Horizons ETFs.

Rohit Mehta, the new CEO, is a financial expert with over 20 years of experience in the Canadian asset management field. He has served as Senior Vice President at Guardian Capital, one of Canada’s top financial firms, and Vice President of Marketing at CI Financial Corporation.

Rohit Mehta Appointed as New CEO

Mirae Asset Global Investments opened a new era of global expansion for Korean ETFs by acquiring Horizons ETFs, a leading Canadian ETF manager, in 2011. As of the end of March, Horizons ETFs has listed 106 ETFs on the Toronto Stock Exchange, with total assets under management (AUM) reaching approximately 25 trillion KRW (25 billion CAD). In particular, amid the recent high interest rate environment, its flagship products such as ‘Horizons High Interest Savings ETF (CASH)’ and ‘Horizons Nasdaq 100 Covered Call (QQCC)’ have attracted more than 1.5 trillion KRW in inflows since the beginning of the year, drawing explosive interest from local investors.

Rohit Mehta, the new CEO, said, “I am pleased to join Horizons ETFs, which has been providing diverse investment solutions to Canadian investors,” and added, “I will continue to strive to offer competitive and innovative products.”

Kim Young-hwan, Vice President and Head of Global Management Division at Mirae Asset Global Investments, said, “To meet investors’ needs, capable management that leads ETF innovation and expands investment boundaries is essential,” and added, “Rohit Mehta possesses these capabilities as CEO of Horizons ETFs and is also a talent aligned with Mirae Asset’s core values.”

Meanwhile, Mirae Asset marks its 20th anniversary of global expansion this year. Park Hyun-joo, Chairman and Global Strategy Officer (GSO) of Mirae Asset Group, said, “Even if we fail, experience remains in the Korean capital market,” and challenged overseas markets that domestic investment firms had not yet entered by establishing the first Hong Kong branch among Korean asset managers in 2003. Since then, it has expanded its network by acquiring Canada’s Horizons ETFs, the U.S. Global X, and Australia’s ETF Securities (now Global X Australia). As of the end of 2022, Mirae Asset Global Investments manages total assets of 250 trillion KRW domestically and internationally, with about 40%?97 trillion KRW?managed overseas.

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