Mirae Asset USA, part of emerging market equity group Mirae Asset Global Investments, has appointed Peter Lee as chief executive officer and chief investment officer.
The CEO’s role was vacant since the departure of Peter Graham.
Lee was hitherto the executive managing director of the global investment unit for Mirae Asset Global Investments in Seoul, South Korea, where he led the group’s equity investment teams. He joined Mirae Asset group in 2004.
In his new role, Lee will be responsible for leading Mirae Asset USA through its next stage of expansion in the US market by increasing flows into existing products as well as launching new strategies.
“Mirae Asset has established itself as a true competitor in the US market on the strength and heritage of our actively managed, emerging markets focused investment capabilities,” Lee said.
Mirae Asset Global Investments had $100bn (€94.3bn) of assets under management as of end of September 2016, of which $18bn (€17bn) were invested in emerging market equities.