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Rating:A $58B Asset Manager Doubles its U.S. Wholesaling Force Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 08, 2013

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)
 

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