Mirae Asset Securities executives emphasized that they will enhance the company's revenue centered on global wealth management (WM) and pensions, and will utilize artificial intelligence (AI) as a core competitive advantage across all institutional sectors.
Kim Mi-seob and Heo Sun-ho, co-CEOs of Mirae Asset Securities, indicated in a New Year's address on the 2nd that "Mirae Asset Securities will prioritize customers in 2025 and will continue to pursue innovation and challenges to strengthen core business competitiveness and expand into global markets," presenting three major tasks.
These include ▲ enhancing the company's revenue-generating capabilities focused on global WM and pensions ▲ actively promoting sustainable growth through innovative and long-term business strategies ▲ emphasizing the importance of the "Fiduciary Duty" for clients.
They announced, "We achieved a return on equity (ROE) of over 10% last year and plan to generate over 500 billion won in pre-tax profit globally by 2030," and noted, "While focusing on global WM and pension business, we will strengthen revenues from investment banking (IB), proprietary investment (PI), and trading to elevate the overall revenue level of the company."
Specifically, Mirae Asset Securities plans to continuously pursue asset growth and revenue expansion by enhancing personalized comprehensive asset management for WM clients. They aim to provide high-quality overseas investment information quickly and accurately through "M-STOCK," utilizing AI, and plan to expand assets and transactions by strengthening data-driven personalized marketing.
Additionally, for ultra-high-net-worth individuals (UHNW), they will expand the supply of private offerings by collaborating with investment banking (IB) and trading through the newly established PWM division, and enhance differentiated comprehensive consulting and services such as family offices.
The pension business plans to accelerate money movement to the company through the physical transfer of retirement pensions and strengthen a long-term stable and growth-oriented investment portfolio with robo-advisors, MP subscriptions, and personal pension wraps to manage revenue consistently. Investment banking (IB), proprietary investments (PI), and trading will analyze performance and risk factors to reduce revenue volatility and increase the company's revenue contribution.
They remarked, "By acquiring Share Khan, which has 133 branches and 3.1 million customers across India, we have secured the growth momentum for the next 20 years centered on global WM," and stated, "We will promote stable revenue growth focusing on sales and trading of global exchange-traded funds (ETFs) in developed countries such as the U.S., Hong Kong, the U.K., and Singapore, as well as on online-based trust businesses in emerging countries like Indonesia, Vietnam, and Brazil."
They emphasized that they are focusing on AI as a future growth driver. Mirae Asset Securities will strengthen its own AI capabilities to provide timely global asset allocation strategies and investment content services, and will continuously innovate in operations and asset management. They also plan to enhance work efficiency and productivity by expanding the establishment of AI infrastructure and developing various solutions. Additionally, they plan to provide various AI management products to clients that significantly reduce costs and volatility in conjunction with the group's U.S. AI firm, Wealth Spot.
They added, "We must maintain vigilance and responsibility as capital market participants regarding various financial accidents and inadequate sales that occurred in the capital market," stating, "We will strengthen monitoring of the global economy and financial markets and enhance our responsiveness to potential risks."