Mirae Asset Global Investments appoints co-CEOs

Chang-Hoon Choi, left, and Chun-Yong Rhie. [Courtesy of Mirae Asset Global Investments]

Mirae Asset Global Investments Co. appointed Chang-Hoon Choi and Chun-Yong Rhie as Co-Chief Executive Officers (Co-CEOs) to lead the company during an extraordinary shareholders’ meeting held on Thursday.

Choi was appointed for a second term after his initial appointment in 2021. With over 25 years of experience in real estate under his belt, Choi has contributed to the stability of the company’s asset management by ensuring diversity in domestic and international real estate investments, which led to his re-appointment as CEO.

Choi previously served as the head of the real estate division at Mirae Asset MAPS Investment Management as well as the head of the real estate division at Mirae Asset Global Investments and currently oversees the company’s alternative investment sector.

Co-CEO Rhie was recognized for his understanding and expertise in various aspects of investment. Noteworthy is his pivotal role in elevating the company’s “TIGER” exchange-traded funds (ETFs) to become a leading ETF brand in Korea. His experience serving as the CEO of the company’s U.K. subsidiary, Chief Investment Officer (CIO) of the U.S. subsidiary, and CIO of the Brazil subsidiary also solidified his reputation as a global investment expert. Rhie currently holds overall responsibility for the investment division at the company.

Both CEOs were selected for the company’s global advanced management program (AMP) in 2023, wich is aimed at cultivating leaders with expertise in global financial markets to strengthen the company as a global investment specialist group.

“Notwithstanding their deep understanding of the financial industry, the newly appointed co-CEOs also possess leadership qualities and a global management mindset,” the company said, adding that it aims to “leverage this dual-CEO system to propel responsible management and facilitate continuous growth across all sectors.”

The co-CEOs will serve a term of two years.