This article was displayed on the ChosunBiz MoneyMove (MM) website at 5:26 p.m. on Apr. 14, 2026.
Mirae Asset Securities has newly appointed Kim Do-hyun as head of risk management (CRO). Kim, the new head, is known as meticulous and cautious, and observers inside and outside the company say that clearing the investment review committee for high-risk investment proposals could become even more difficult going forward.
According to the investment banking (IB) industry on the 14th, Mirae Asset Securities appointed Kim (managing director) earlier this month to succeed former head of risk management Lee Jae-yong (senior managing director). Kim's most recent post was head of the alternative investment division.
Kim, the new head, joined Mirae Asset Securities in 2007 and worked in the pension strategy team, the management innovation division, and the alternative investment division. In particular, in the management innovation division, Kim served as Head of Team and Deputy Minister for a total of nine years and is regarded as someone who knows the company's overall revenue structure and expense system well.
Inside and outside Mirae Asset Securities, there is an outlook that passing the investment review committee for new investment proposals could become stricter. A source in the IB industry said, "From the stage of submitting an agenda item to the investment review committee, it is highly likely to become more demanding."
Kim, the new head, has a strong reputation as extremely meticulous and cautious. While Mirae Asset Securities is bold in making equity investments, it is relatively conservative in loan businesses such as acquisition finance, and some say that tendency could strengthen under the influence of the new CRO.
Key executives sit on Mirae Asset Securities' investment review committee, including Vice Chairs Kim Mi-seop and Heo Sun-ho, the head of the IB business division and heads of institutional sector, and the head of PI. Although the new CRO Kim is a managing director and thus lower in rank than these officials, the role of CRO carries significant influence over investment decisions. That is because the CRO identifies risk factors in the investment review committee and applies the brakes to investment decisions, effectively exercising a "veto."