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Wednesday, April 11, 2012

Mirae Uses a Mulligan For Distribution

by: Erin Kello

Mirae [profile] is promoting a insider to head of retail sales and distribution in the U.S. Robert Mulligan, currently head of strategic relationships at Mirae, will be moving into the role, succeeding Vincent Leon. Leon has left the company, according to a company spokesperson.

"Our funds are now on all of the major RIA custodial platforms, and we have established selling agreements with several major wirehouses and independent broker-dealers. We're confident that Bob can continue to enlarge our U.S. footprint and direct our team of Emerging Market Specialists to broader sales objectives," stated Joon Kwun, president and CEO of Mirae Asset Global Investments.

Mulligan has been with Mirae since 2010.


Company Press Release

NEW YORK, Apr 11, 2012 (GlobeNewswire via COMTEX) -- Emerging markets expert Mirae Asset Global Investments (USA) today announced that Robert P. Mulligan has been named Head of Retail Sales and Distribution. He was formerly Head of Strategic Relationships, for the firm. In that role, Mulligan had been responsible for developing and maintaining the firm's relationships with national and regional broker-dealers, banks, independent financial advisors, and "supermarket" platforms in distributing Mirae Asset's retail offerings. In his current role, Mulligan supervises the Strategic Relationships team and also manages Mirae Asset's team of hybrid wholesalers. Mulligan succeeds Vincent J. Leon.

"Bob's deep relationships with gatekeepers and senior industry personnel have helped significantly expand Mirae Asset's distribution capacity over the past 18 months," said Joon Kwun, President and CEO of Mirae Asset Global Investments (USA). "Our funds are now on all of the major RIA custodial platforms, and we have established selling agreements with several major wirehouses and independent broker-dealers. We're confident that Bob can continue to enlarge our U.S. footprint and direct our team of Emerging Market Specialists to broader sales objectives."

Mulligan has over 20 years of industry experience, having joined Mirae Asset in 2010 from GE Asset Management where he was the Director of National Accounts serving the intermediary market. Earlier, as Divisional Vice President at Transamerica, he built a wholesaling sales force for the wirehouse and regional distribution channels on the East Coast. He previously managed teams of wholesalers at GE Capital and Keystone Investments.

Launched in September 2010, Mirae Asset's retail product line-up consists of seven equity mutual funds, the most recent of which was launched in February 2012. A global bond fund made its debut in March 2012. These eight funds are the first registered products offered by the firm to U.S. investors.

Risk: Mutual fund investing involves risk, including the possible loss of principal.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please contact your financial advisor or please call 1-800-335-3412. Please read the prospectus carefully before investing.

The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.

Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities (source:Investments & Pensions Europe)(source:January 2012). With over 650 employees including more than 135 dedicated investment professionals, Mirae Asset has offices in Australia, Brazil, Canada, China, Hong Kong, India, Indonesia, Korea, Taiwan, the U.K., the United States and Vietnam. Headquartered in Seoul, the firm manages over $50 billion in assets globally, of which more than $17 billion is invested in emerging market equities (as of December 31, 2011). Mirae Asset Global Investments (USA) is focused on providing equity and fixed income investment advisory services to mutual funds, foreign investment trusts and institutions. ( www.miraeasset.com )

The Mirae Asset Global Investments (USA) LLC logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11543

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Mirae Asset Global Investments (USA) LLC
 

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