Mirae Asset appoints Jisang Yoo as CEO

Mirae Asset Global Investments (I) Pvt Ltd today announced the appointment of Mr Jisang Yoo as its new Chief Executive Officer. Mr Yoo was serving as the Chief Financial Officer and has been associated with Mirae Asset India since 2009, a company statement said here.

Mirae Asset Management has been one of best performers in one of industry's worst time.

In 2011-12, the company shared 10 per cent of industry's equity scheme sales (net of redemption), Mirae told

Business Line . According to data, Mirae outperformed the industry in terms of gross sale since November 2011. Asset under during the last fiscal grew by 13 per cent. AUM growth since April 2010 is 95 per cent.

Its India Opportunity Fund was ranked number one by leading rating agencies. Three out of its five funds were ranked as ‘five-star'.

“Mirae Asset's India Opportunity Fund and Emerging Bluechip Fund performed better than the most last year,” said an industry insider.

“I would also like to assure all our stakeholders that Mirae Asset Management has a long-term view for Indian markets and intends to expand business progressively in the country,” said Mr Jisang Yoo, the new Mirae Asset's CEO.