Emerging markets leader Mirae Asset Global Investments (USA) LLC (“Mirae Asset”) announced today that Joon Kwun has been appointed President and CEO. Mr. Kwun will be responsible for developing and directing the firm’s strategic initiatives and operations in the U.S. The appointment comes as Mirae Asset further expands its capability for delivering emerging market-focused investment strategies to institutional and retail investors in the U.S. Mr. Kwun assumes the positions previously held by Jay (Hun Jun) Jang, who will assume another senior leadership position within the company.
Mr. Kwun will also oversee the continued expansion of intermediary distribution resources supporting the Mirae Asset Discovery Funds. This suite of funds – the first registered products offered by the firm to U.S. investors – launched last September with a lineup that consists of six emerging market equity strategies. The funds have amassed more than $80 million in assets within twelve months of their debut and Mirae Asset now counts among its distribution partners a growing roster of major retail and institutional platforms, including Pershing, UBS, and Commonwealth, among others.via web