Mirae Asset Securities, Korea’s largest investment bank and securities firm, said Wednesday that it has appointed Vice Chairman Heo Sun-ho as CEO. He will lead the company’s sprawling business together with Vice Chairman Kim Mi-seob, whose appointment was confirmed earlier in October. With Heo’s appointment, which was approved at a board of directors meeting earlier on the day, the company has compl.
Mirae Asset Financial Group has undergone a significant management reshuffle, aiming to bolster its competitiveness in the global market. Key founding members, including Mirae Asset Securities Chairman Choi Hyun-man, have stepped back, while six individuals in their 50s have ascended to vice chairman roles.
Financial authorities will seek to ease regulations imposed on overseas subsidiaries of local financial companies, in a move to strengthen local investment firms global competitiveness and outbound business growth. Korea s top financial regulator also plans to introduce a cornerstone investor system into the country s public offering process, which allows investors to be brought into a forthcoming IPO before a formal book-building process starts.