Mirae Asset Global Investments announced today that it has signed a memorandum of understanding (MOU) with Bloomberg L.P. (Bloomberg) to expand its global business.
Mirae Asset Global Investments and Bloomberg signed the MOU at Bloomberg Korea's Euljiro headquarters to strengthen their global business and form a strategic partnership. The ceremony was attended by Mirae Asset Global Investments President Kim Young-hwan and Bloomberg North Asia Head Dahai Wang.
Through this MOU, the two companies plan to explore various business collaborations at home and abroad. Founded in 1981 in the United States, Bloomberg is a financial information services company that provides financial data and analytics, trading platforms, and economic news. With its expertise in financial data and technology, Bloomberg will provide financial information and research for the development of new ETF products.
Mirae Asset Management, which has a global network in 16 locations around the world, will utilize the agreement with Bloomberg as part of its efforts to strengthen its capabilities as a global manager. As of December 2023, Mirae Asset Global Investments had KRW 311 trillion in assets under management globally, of which approximately 41%, or KRW 128 trillion, were managed overseas.
In addition, the two firms will explore ways to collaborate on technology and data support for various investment strategies and digital financial transformation.
"We are very pleased to be the first company in Korea to enter into a strategic collaboration with Mirae Asset Global Investments," said Bing Li, Head of Bloomberg Asia-Pacific. "With our decades of experience in the region and leading data and financial technology solutions, Bloomberg will actively support our clients' global expansion strategies in Korea and across Asia."
"Providing customized investment solutions to global investors requires the continuous integration of information technology and the advancement of data solutions," said Kim Young-hwan, President of Mirae Asset Global Investments. "We look forward to leveraging our expertise to help global investors achieve their long-term investment goals."
