Mirae Asset’s $695B Overhaul: New CEOs, AI Focus, and Global Expansion
Mirae Asset reshuffles leadership and expands globally with $695B under management, focusing on AI, Web3, and a new Global Digital Wallet.
Quick overview
- Mirae Asset Financial Group has announced an executive shake-up to enhance global growth and modernization, focusing on AI and digital innovation.
- Three new CEOs, all born in the 1970s, will lead various divisions, signaling a shift towards younger leadership.
- The company is expanding its Tech & AI division to develop AI- and Web3-based financial products and is also increasing its pension management units.
- Mirae Asset plans to launch a 'Global Digital Wallet' by June next year, integrating traditional and digital assets while maintaining its 'Client First' philosophy.
South Korea’s Mirae Asset Financial Group – a $695 billion asset juggernaut – has just announced an executive shake-up that will help its business grow more aggressively globally. The new structure is designed to bring much-needed modernization, and the company says its top priority will be to get AI working for them, driving digital innovation and keeping a closer eye on risk.
At the helm of this change are three new CEOs, all born in the 1970s —a significant statement of intent from the company that its future is in younger hands.
- Chung Ji-Kwang is moving up to handle the new growth investment division at Mirae Asset Capital – and he’s not the only one.
- Chae Chang-Seon is also getting a promotion, having previously led real estate development at Mirae Asset Consulting, and will now be running another division.
- Meanwhile, Lee Tae-Sang, who’s been in charge of risk management at Energy Infra Asset Management, will be leading another division of the company.
You can add incumbent CEO Lee Man-Hee to the list of people stepping down, and while that might seem like a blow, it’s part of a much bigger change that started back in 2023 when Park Hyeon-Joo (the founder) started handing over the reins to the next generation.
Getting Smarter on AI, Web3 and Pension Growth
Mirae Asset is turning its Tech & AI division into a new Technology unit that will crank out AI- and Web3-based financial products—a move that will bring it into the growing crypto market. This is a pretty clear sign that they’re looking to link the old with the new in the finance world.
The company is also expanding its pension management division from 3 to 4 units, all part of the plan to get a bigger slice of South Korea’s growing retirement market. And this means that clients from all around the world – and even public institutions – can expect better service and a more streamlined wealth management platform.
Building the “Global Digital Wallet”
This is part of a push to bring in more productive finance, and Mirae Asset Securities is launching a new investment banking division to deepen its presence in the capital markets. They’re also strengthening their financial consumer protection and managed account integration units.
Next on Mirae Asset’s agenda is launching its “Global Digital Wallet” by June next year—a platform that will allow both traditional and digital assets to be managed under one safe umbrella. This is a pretty bold move that puts the company right at the forefront of digital finance, AI-driven, and Web3-integrated wealth services.
Despite all this change, Mirae Asset is sticking with its old “Client First” way of doing things—and that means a continued commitment to global excellence in wealth management and, more than anything, to building a future that is even more innovative and driven by tech.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save