CEO of Mirae Asset Financial Group, Park HyeonJoo, became the new Global CEO of Mirae Asset Daewoo Hong Kong. With this appointment, Park will focus on Mirae Asset Daewoo’s global management.
When Park was appointed CEO of Mirae Asset Daewoo in May 2016, he expressed his strong commitment to overseas business after two years of management.
In January, CEO Park said, “This year, Mirae Asset Daewoo will accelerate its global investment with an annual pretax profit of 1 trillion won, which is 50% higher than that of last year,” further adding, “We will grow as a global investment bank through strengthening investment competitiveness. I will actively implement this policy.”
Currently, Mirae Asset Daewoo has 11 local subsidiaries and three offices in 11 countries. The overseas subsidiaries’ equity capital is 2.3 trillion won and the number of employees is 650.
In particular, the Hong Kong branch has invested in equity capital (PI) for real assets such as real estate and aircraft. It has also made joint investments through collaboration between its headquarters and overseas subsidiaries.
An official of Mirae Asset Daewoo said, “We will increase our overseas equity capital to 10 trillion won and assets to 100 trillion won within 10 years. Furthermore, we will expand our horizons in overseas markets with ROE (Return on Equity) of 10%.”