Mirae Asset Appoints Robert P. Mulligan as SVP, Strategic Relationship Manager


November 1, 2010

New York

Emerging markets leader Mirae Asset Global Investments announced today that Robert P. Mulligan has joined the firm in the newly created position of Senior Vice President, Strategic Relationship Manager for the U.S. In this role, Mulligan will be responsible for developing and maintaining the firm's relationships with national and regional broker-dealers, banks, independent financial advisors, and "supermarket" platforms. Mirae Asset plans to engage financial intermediaries to deliver its emerging market expertise to retail and high-net-worth investors. Mulligan will report to National Sales Manager Vincent J. León, AAMS®.

The firm also announced the addition of three new members to its National Sales Team. Matthew J. Brancato, Peter Corritori and Jennifer M. Fuentes have joined the firm as Emerging Market Specialists. The three distribution professionals will also report to León. These hires mark the beginning of a major expansion for the firm's distribution personnel.

These professionals will distribute the Mirae Asset Discovery Funds, launched by Mirae Asset in 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 $50 billion in assets under management, of which over $30 billion is invested in emerging market equities, making it one of the largest emerging markets equity investors worldwide.

Mulligan joins Mirae Asset in New York with over 18 years of industry experience, most recently at GE Asset Management where he was the Director of National Accounts, serving the intermediary market. Earlier, as Divisional Vice President at Transamerica, he built a wholesaling sales force for the wirehouse and regional distribution channels on the East Coast. He previously managed teams of wholesalers at GE Capital and Keystone Investments.

"Bob has deep relationships with distribution platforms and we expect that he will significantly expand Mirae Asset's footprint," said León. Commenting on the other new team members, he stated, "The hybrid distribution model we have implemented for our Emerging Market Specialists will provide an optimum level of service for our distribution partners and clients."

Brancato brings his broad-based financial sales and sales training experience to Mirae Asset from Legg Mason, where he served as an internal wholesaler and training supervisor for the retail channel sales teams. Prior to that, he was a financial advisor with American Express Financial Advisors.

Relocating from Boston, Corritori joins Mirae Asset with a strong financial sales background, including his work as a regional consultant and inbound sales representative for MFS Investment Management. He began his career in investor services at UBS Global Asset Management.

Fuentes brings to Mirae Asset her wealth of experience with mutual funds and separately managed account sales. Most recently, she was a regional consultant in the independent broker dealer channel at Prudential Investments, where she had served earlier as internal wholesaler.

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