Mirae Asset Global Investments appoints Choi Chang-hoon, Rhie Chun-yong as CEOs

Choi Chang-hoon left, and Rhie Chun-yong, newly appointed CEOs of Mirae Asset Global Investments / Courtesy of Mirae Asset Global Investments

Mirae Asset Global Investments decided to appoint two vice chairmen, Choi Chang-hoon and Rhie Chun-yong, as its CEOs at temporary shareholders meeting on Thursday.

The company operates with a system of four general representatives, including two CEOs, to lead its management. Both CEOs' terms are two years.

Choi, who secured a second consecutive term after his initial appointment in 2021, is a real estate expert with over 25 years of experience. His significant contributions in diversifying the company's investment portfolio, both domestically and internationally, have been crucial in ensuring stable management and were highly evaluated.

Rhie, who has been instrumental in leading the investment sector of the company, boasts extensive experience, including managing the company's international branches in the U.K., the U.S. and Brazil. He was promoted to vice chairman last month during the group's large-scale personnel reshuffle.

"Two appointed CEOs hold not only high understandings of the financial industry, but also leadership and mindsets for global management," said an official from Mirae Asset Global Investment. "We will strengthen responsible management, enhance professionalism in each sector and seek sustainable growth based on our system of two CEOs and four representatives."

The other two representatives are Kim Young, president of global management, and Lee Byeong-seong, chief marketing officer.