Mirae Asset Securities to Restructure Organization to Strengthen OCIO Business Competitiveness

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 11th that it has reorganized its structure to strengthen competitiveness in the Outsourced Chief Investment Officer (OCIO) business by establishing a Fund Management Team and an OCIO Consulting Team, and moving the existing OCIO Solutions Team under the Multi-Solution Headquarters.

Currently, the domestic OCIO market is expanding from the traditional large public funds to include public enterprises, universities, foundations, and general corporations' proprietary funds due to low interest rates, complex financial products, and issues related to incomplete sales.

Furthermore, with the anticipated introduction of the fund-type retirement pension system, the importance of efficient management of reserves is expected to highlight the role of asset management OCIOs in supplementing the non-expertise of funds, leading to significant market expansion.

Accordingly, Mirae Asset Securities plans to enhance its OCIO business competitiveness by subdividing the organization into teams responsible for asset management and risk control, advisory and planning tasks, and marketing through this reorganization.

The Fund Management Team will be responsible for asset management and risk control as a dedicated operator after attracting public funds, while the OCIO Consulting Team will handle advisory and planning tasks after fund acquisition. The OCIO Solutions Team, which has been moved under the Multi-Solution Headquarters, will be in charge of marketing.

In addition, Mirae Asset Securities plans to actively seize the fund-type retirement pension market by leveraging Mirae Asset Group’s strengths in the retirement pension market and will secure competitiveness through continuous recruitment and additional OCIO system development.

Gu Jonghoe, Head of the Multi-Solution Headquarters at Mirae Asset Securities, said, “OCIO is a marathon business that steadily accumulates and expands assets. Since playing the long game without being obsessed with short-term profits is important, we will enhance OCIO capabilities by investing in the organization with a long-term perspective.” He added, “With the Small and Medium Enterprise Retirement Pension Fund system set to be implemented in April next year, we will do our best to secure a leading position in the SME retirement pension fund market.”