SOURCE: Mirae Asset Financial Group

Mirae Asset Financial Group

April 25, 2012 00:38 ET

Mirae Asset Global Investments (HK) Names Jung Ho Rhee to Serve as Chief Executive Officer

HONG KONG--(Marketwire - Apr 25, 2012) - Mirae Asset Global Investments (Hong Kong) Limited ("Mirae Asset") announces today the appointment of Mr. Jung Ho RHEE as its new Chief Executive Officer. He will take up his new role on 02 May 2012. Mr Rhee is a Senior Executive Director at Mirae Asset and currently heads up the Global Asset Allocation Division for the entire Mirae Asset Global Investments Group. He was instrumental in formulating the macro and country/sector allocation strategies, playing a vital role in the group's entire investment process.

"It is a great honour to be given the opportunity to lead the Hong Kong business into the next stage of our international growth. We will continue to focus on our core values of clients first through the cultivation of long-term relationships," says Mr Rhee.

Prior to Mirae Asset Global Investments (HK), Mr Rhee served as Managing Director of Global Research and the Chief Financial Officer at Mirae Asset Securities (HK) where he led the proprietary investment team in managing over US$300 million globally. He also worked at Mirae Asset Securities in Seoul as an Investment Strategist and later as Head of Asia Pacific Research. He earned his Master of Economics from the University of Hong Kong and his Bachelor of Economics from Yonsei University in Seoul. He is also a CFA charterholder.

He adds, "Mirae Asset plays a pivotal role as the experts in emerging market equities investments. We will continue to roll out new products to give investors a broader range of choices when it comes to investing in the emerging markets."

Mr Rhee will be succeeding Mr Woong Park who has resigned for personal reasons. "We thank Mr Park for his leadership and contributions and wish him well in his future endeavours," says Mr Rhee.

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About Mirae Asset

Mirae Asset Financial Group is a leading independent financial services group in Asia, 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 Global Investments Group is the asset management arm of Mirae Asset Financial Group. It is one of the largest investors in emerging market equities1. With around 690 employees, including 144 dedicated investment professionals (as of 29 February 2012), Mirae Asset Global Investments Group has a presence in Hong Kong, China, Korea, India, Vietnam, Taiwan, Brazil, the United Kingdom, Canada and the United States. Mirae Asset Global Investments Group manages over US$54.7 billion in assets globally (as of 29 February 2012).

1 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


Certain information contained in this document is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited ("Mirae Asset HK") has, to the best of its endeavor, ensured that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability whatsoever for the accuracy of such information or any use or reliance thereof.

Mirae Asset HK accepts no liability for any loss or damage of any kind resulting out of the unauthorized use of this document.

The information and materials provided herein are given on a general basis without obligation and on the understanding that any person acting upon or in reliance on it, does so entirely at his or her own risk.

This document is issued by Mirae Asset Global Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

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    Richard Huang
    Mirae Asset Global Investments (HK)
    Tel: +852 3555 5812
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    Francis Lee
    Mirae Asset Global Investments (HK)
    Tel: +852 3555 5831
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