A $58B Asset Manager Doubles its U.S. Wholesaling Force
Reported by Tommy Fernandez
And the industry's sales hiring frenzy continues.
The $58-billion asset manager Mirae Asset Global Investments [profile] has hired two wholesalers and a client portfolio manager to support them and the other investment staffers.
The two wholesaling hires are Efrain "Ed" Fernandez, who will cover wholesaling efforts in the New York/Connecticut region, and Antonio Lopez, who will cover Florida and the Southeast region.
According to the firm, these two hires will bring Mirae Asset USA's
wholesaling team to four, as well as expand its active client coverage
beyond the Northeast where the firm's U.S. headquarters is located.
The client portfolio manager hired was Monique France, who will reportedly work closely with the firm's investment teams and sales team
to explain and position Mirae Asset's investment strategies to
financial advisors and fund analysts.
The three new hires will report
to Robert Mulligan, president and head of Sales and Distribution.
The three new hires represent the first strategic hires of Mirae Asset
USA's newly established American management team reported in March, with Peter Graham appointed as chief executive officer, Robert Mulligan as president and Robert Shea as chief operating officer.
Here is the press release:
Company Press Release
Mirae Asset Global Investments Adds Three Professionals in
the U.S.
Emerging Markets Expert Moves to Expand Sales and
Distribution Team
NEW YORK, April 8, 2013 -- Mirae Asset Global
Investments (USA) LLC ("Mirae Asset USA") today announced that three
professionals have joined the firm's sales and distribution team.
Efrain "Ed" Fernandez will cover wholesaling efforts in the New
York/Connecticut region, while Antonio Lopez will cover Florida and the
Southeast region. These two additions will bring Mirae Asset USA's
wholesaling team to four, as well as expand its active client coverage
beyond the Northeast where the firm's U.S. headquarters is located.
In addition, Monique France, CFA, joins as a Client Portfolio Manager
and will work closely with the firm's investment teams and sales team
to explain and position Mirae Asset's investment strategies to
financial advisors and fund analysts. The three new hires will report
to Robert P. Mulligan, President and Head of Sales and Distribution.
"We are delighted to bring on board these three professionals as U.S.
investor interest in Mirae Asset's emerging markets investment products
continue to gain momentum," said Mulligan. "As we respond to investor
interest and gear up for our funds' three-year anniversary, we have now
expanded our wholesaling coverage beyond the Northeast. This expansion
will continue, as we are now looking for an additional wholesaler to
cover the Ohio and Michigan region."
The three new hires represent the first strategic action of Mirae Asset
USA's newly established management team announced in March, with Peter
Graham appointed as Chief Executive Officer, Robert Mulligan as
President and Robert Shea as Chief Operating Officer.
Mirae Asset USA manages over $5.0 billion in equity and fixed income
assets. Its mutual fund product line-up consists of a suite of six
funds under the Mirae Asset Discovery Funds banner and were the firm's
first registered products offered to U.S investors. The firm's original
series of emerging market equity funds was launched in September 2010
and, in early 2012, were followed by a global equity fund and a global
bond fund. The mutual funds are now available at most major wirehouse
firms and independent broker dealers. Mirae Asset Global Investments
Co. Ltd., the parent company, manages $58 billion globally.
Fernandez brings his wealth of investment analysis and sales experience
to Mirae Asset USA from Prudential Investments, where he served as a
Regional Wholesaler. Prior to that, he was an Internal
Wholesaler/Regional Wholesaler at Alliance Capital Management.
Lopez joins Mirae Asset USA from MainStay Investments/New York Life
where he served as Sales Consultant. Previously, he was an Internal
Wholesaler at AIG Asset Management and a personal banker at JP Morgan
Chase. He is fluent in Spanish.
France brings to Mirae Asset USA deep experience in investments and
financial markets from Morgan Stanley & Co, Inc., where she served as
Executive Director, Asian Research Sales in the firm's Institutional
Equity Division, based in New York, and before that, as Vice President,
Asian Research Sales, based in London. She is fluent in Chinese and
holds the CFA designation.
Emerging Markets Risk: Emerging Market investing may be subject to
additional economic, political, liquidity, and currency risks not
associated with more developed countries. All investing involves risk,
including the potential loss of principal.
This press release is neither a solicitation to buy nor an offer to
sell securities. An offering can only be made by prospectus, which can
be obtained from Mirae Asset USA.
An investor should consider the Fund's investment objectives, risks,
charges and expenses carefully before investing. This and other
important information about the investment company can be found in the
Fund's prospectus. To obtain a prospectus, please contact your
financial advisor or call (888) 335-3412. Please read the prospectus
carefully before investing.
Mirae Asset Global Investments is the investment adviser for the Mirae
Asset Discovery Funds. The Mirae Asset Discovery Funds are distributed
by Funds Distributor, LLC.
About Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world's largest investment
managers in emerging market equities (Investments & Pensions Europe,
January 2013). With approximately 550 employees, including 137
dedicated investment professionals, Mirae Asset offers a breadth of
emerging markets expertise. Mirae Asset's offices are located in
Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea,
Taiwan, the U.K., the United States and Vietnam. Headquartered in
Seoul, South Korea, the firm manages $58 billion in assets globally
through a diversified platform to offer market-leading franchises in
traditional equity and fixed income products, ETFs and alternative
strategies, such as real estate, private equity and hedge funds. Mirae
Asset Global Investments (USA) is focused on providing equity and fixed
income investment advisory services to mutual funds, foreign investment
trusts, and institutions. (www.miraeasset.com)