Mirae Asset Opens Era of Professional CEO Chairmanship
[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 6th that it has promoted Choi Hyun-man, Senior Vice Chairman, to Chairman.
Choi Hyun-man, the newly appointed Chairman of Mirae Asset Securities, joined as a founding member of Mirae Asset Group and has been recognized for his significant contributions over 25 years in developing Mirae Asset Group into the top independent investment specialist group. He is the first professional manager in the financial investment industry to be promoted to chairman.
Chairman Choi has led the growth of the group by serving as CEO of major Mirae Asset affiliates including securities, asset management, life insurance, and capital.
Founded in December 1999 with a capital of 50 billion KRW, Mirae Asset Securities has grown 200-fold in about 20 years, gaining global competitiveness and standing shoulder to shoulder with global investment banks (IBs) in the world capital markets beyond the Korean capital market. In particular, since 2016, Chairman Choi has spearheaded the integration of Mirae Asset Securities and Daewoo Securities, achieving the first-ever milestones in the financial investment industry such as 400 trillion KRW in customer deposited assets, 1 trillion KRW in operating profit for two consecutive years, and 10 trillion KRW in equity capital.
This promotion reflects Chairman Park Hyun-joo’s determination to create a dynamic culture at Mirae Asset where professional managers lead the company.
Through this, not only Mirae Asset Securities but also each affiliate of Mirae Asset Group has shown the possibility of transitioning to a chairman system led by professional managers in the future.
Last month, Mirae Asset Group initiated a full-scale organizational restructuring to establish a professional management system and emphasized its commitment to strengthening a performance-oriented and horizontal organizational culture through personnel appointments.
A Mirae Asset official stated, "Mirae Asset is strengthening independent management by establishing a professional management system for each affiliate. We will respond quickly and flexibly to changes in the global business environment through responsible management that prioritizes customer and shareholder value, competing with global IBs."
▲ Career of Choi Hyun-man, Chairman of Mirae Asset Securities
December 2021: CEO and Chairman of Mirae Asset Securities
February 2018: Non-executive Vice Chairman of the Korea Financial Investment Association
May 2016: CEO / Senior Vice Chairman of Mirae Asset Securities
June 2012: CEO / Senior Vice Chairman of Mirae Asset Life Insurance
December 2007: CEO / Vice Chairman of Mirae Asset Securities
1999: CEO / President of Mirae Asset Securities
1999: CEO of Mirae Asset Venture Capital Co., Ltd.
1997: CEO of Mirae Asset Global Investments Co., Ltd.
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