Mirae Asset overhauls leadership to accelerate AI-led global expansion
Mirae Asset Financial Group is restructuring its top ranks and refocusing its operating model around AI, digital platforms, and global distribution. With more than $695 billion in assets under management, the group is positioning for next-generation wealth management, stronger risk controls, and new product rails across traditional and digital assets.
What changed at the top
The firm named three new division CEOs-all born in the 1970s-signaling a generational pivot. Chung Ji-Kwang will lead the new growth investment division at Mirae Asset Capital, Chae Chang-Seon will take the helm at Mirae Asset Consulting, and Lee Tae-Sang will become CEO at Energy Infra Asset Management.
Incumbent Mirae Asset Capital CEO Lee Man-Hee is set to step down, with several early builders of the franchise also expected to exit. This follows founder Park Hyeon-Joo's departure amid a broader reshuffle that began in 2023.
AI, Web3, and a "Global Digital Wallet"
Mirae Asset Securities' Tech & AI division will be recast to develop growth engines based on AI and Web3, including services for crypto-native clients. The group also plans a platform by June next year to integrate traditional and digital assets-framed as a "Global Digital Wallet."
Expect work across custody, tokenized assets, and client experience to converge. For global wealth and markets teams, this points to unified portfolio views, faster product launches, and new liquidity venues-if compliance and risk are built in from day one.
Product and distribution moves
The pension management division expands from three to four units to capture growing retirement flows and deepen coverage of multinationals and public institutions. A new investment banking division will sharpen the firm's role in raising capital, while dedicated units will integrate managed accounts and strengthen financial consumer protection.
Mirae Asset Global Investments will lean into multi-strategy development and flagship products to widen investor choice and sharpen product competitiveness.
Why this matters for finance teams
- Digital wallet by June next year: watch for tokenized funds, on-chain settlement hooks, and integrated reporting across asset classes.
- AI-first operations: prioritize model governance, data lineage, and auditability alongside speed-to-insight.
- Crypto and Web3 coverage: align custody, KYC/AML, travel rule, and market surveillance before distribution scales.
- Pensions and IB expansion: rising competition for retirement flows and primary issuance mandates-expect more cross-border structures.
- Talent shift: data engineers, product managers with AI experience, and risk leaders fluent in digital assets will move to the front of the stack.
Signals to track
- Regulatory green lights tied to digital wallet scope and cross-border data rules.
- Partnerships in custody, wallet infrastructure, and tokenization rails.
- AI deployment beyond pilots: where models directly touch underwriting, client advice, or surveillance.
For context on the group's footprint and strategy, see the official site: Mirae Asset Financial Group.
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