Mirae Asset Securities has appointed Vice Chairman Heo Sun-ho as CEO. He will lead the company's sprawling business together with Vice Chairman Kim Mi-seob, whose appointment was confirmed earlier in October. With Heo's appointment, which was approved at a board of directors meeting earlier on the day, the company has completed a generational shift in its long-held dual leadership system.
Heo will continue to lead the wealth management business division together with digital innovation, while Kim will be tasked with expanding the company's global presence, the company said. Kim, former CEO of Mirae Asset Global Investments, the asset management unit of Mirae Asset Financial Group, played a key role in laying the groundwork for its first overseas unit in Hong Kong in 2003 and then oversaw global operations of Mirae Asset Securities in recent years. The two new CEOs have a high level of understanding of the financial investment industry through experience in the overall financial investment industry, including global, investment banking, asset management, human resources and planning, and have a global management mindset.
Mirae Asset Securities Co Ltd, formerly Mirae Asset Daewoo Co Ltd, is a Korea-based company principally provides financial services. The Company operates its business through four segments. The Sales and Trading segment is engaged in the supply of bonds, internal and external derivatives, and hedge management. The Wealth Management segment is engaged in brokerage of securities, sales of asset management products, and provision of financial consulting services. The Investment Banking segment provides corporate financing, private equity fund (PEF), and merger and acquisition (M&A) related services. The Principal Investment and Other segment is engaged in equity capital investment and other business activities.