Mirae Asset (USA) Appoints John M. Capeci as SVP, Strategic Relationship Manager


February 1, 2011

New York

Emerging markets leader Mirae Asset Global Investments announced today that John M. Capeci has joined the firm as Senior Vice President, Strategic Relationship Manager. In this role, Capeci will be responsible for developing and strengthening the firm's relationships in the U.S. with national and regional broker-dealers, banks, "supermarket" platforms and custodians to registered independent advisors. The hire comes as Mirae Asset plans to further expand its presence among financial intermediaries to deliver emerging market expertise to high-net-worth and retail investors. Capeci will be part of a team that includes Robert P. Mulligan, Head of Strategic Relationships, who joined the firm last November. Both report to Head of Retail Sales and Distribution Vincent J. León, AAMS®.

Capeci will help leverage relationships with key intermediary platforms in distributing the Mirae Asset Discovery Funds, launched by Mirae Asset last September with a lineup that consists of six emerging market equity strategies. The Mirae Asset Discovery Funds are the first registered products offered by the firm to U.S. investors. The firm manages over $54 billion in assets under management globally, of which nearly $30 billion is invested in emerging market equities, making it one of the largest emerging markets equity investors worldwide.

"John's significant track record and relationship management expertise will enhance Mirae Asset's strategic partnership development with distribution and custodial platforms across the U.S.," said León. "As we continue to introduce our product offerings, we will rely on John's relationship management expertise to increase our distribution capacity to the growing number of U.S. investors interested in accessing the emerging markets."

Capeci joins Mirae Asset with over 17 years of industry experience, most recently at Prudential Investments (formerly JennisonDryden), where he was Vice President, Senior Account Manager, and led relationship management efforts across distribution channels. Earlier, as Vice President, Director of Relationship Management at Fred Alger Management, he designed the firm's relationship model focused on increasing distribution opportunities with financial intermediaries. He held a similar position previously at AllianceBernstein. Capeci began his career as a Financial Advisor with Merrill Lynch.

Risk:

Equity securities: Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Emerging markets: Emerging market investing may be subject to additional economic, political, liquidity, and currency risks not associated with more developed countries.

Geographic Concentration Risk: A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.

An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, please contact your financial advisor or please call 1-888-335-3417. Please read the prospectus carefully before investing.

Mirae Asset Global Investments (USA) LLC is the investment adviser for the Mirae Asset Discovery Funds.

The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.

About Mirae Asset Global Investments 
Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities (Investments & Pensions Europe, January 2014). With over 550 employees, including 123 dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise. Mirae Asset's offices are located in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the United States and Vietnam. The firm manages over $56 billion in assets globally through a diversified platform to offer market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies, such as real estate, private equity and hedge funds. Mirae Asset Global Investments (USA) LLC is focused on providing equity and fixed income investment advisory services to mutual funds, foreign investment trusts and institutions. (www.miraeasset.com)

 

Contact:

John McInerney
Makovsky + Company 
jmcinerney@makovsky.com 
(212) 508-9628