Mirae Asset Securities held a 'Group Vision Declaration Ceremony' on the 7th (local time) in Mumbai, India, committing to expanding its role in the Indian financial services institutional sector, it announced on the 12th.
The event, themed 'Shaping the Future Together' to commemorate 100 days since the acquisition of Share Khan, was attended by the group's Global Strategy Officer (GSO), Park Hyun-joo, who shared the global business strategy and management philosophy.
In his speech, Park emphasized the strategic combination of Mirae Asset's global financial know-how with Share Khan's local network to jointly create a dynamic and innovative financial ecosystem in India. He also highlighted the importance of a customer-first mindset and differentiated financial solutions and services.
Mirae Asset completed the acquisition of the Indian local securities firm Share Khan at the end of November last year. This acquisition secured a local network of over 5.2 million integrated customer accounts, more than 130 branches, and over 4,400 business partners. Mirae Asset aims to continue expanding its asset management (WM) and investment banking (IB) centered business with the goal of becoming the 5th largest securities firm in India.
Mirae Asset stated, 'We will consistently discover investment opportunities in local corporations and startups equipped with technological capabilities and quickly enhance our IB competitiveness,' adding, 'We will provide funding solutions tailored to the evolving Indian investment environment while also pursuing principles that increase value through investments in unique and innovative technologies.' A customized WM service based on artificial intelligence (AI) for Indian investors will also be introduced.
Park noted, 'Mirae Asset is currently a global investment specialist group with operations in 19 countries managing assets under management (AUM) of over $600 billion (approximately 870 trillion won),' urging, 'Let's work together to create success and growth for the Indian corporation with trust, innovation, passion, and commitment to our customers.'