NEW YORK, July 28, 2015 /PRNewswire/ -- Mirae Asset Global Investments (USA) LLC ("Mirae Asset USA"), one of the world's largest investors in emerging markets*, today announced that it has hired four new wholesalers to help drive mutual fund growth in the United States.
Mirae Asset USA manages over $5.3 billion in equity and fixed income assets. Its mutual fund products, such as the Emerging Markets Great Consumer Fund (MICGX) and the Asia Great Consumer Fund (MGCIX), focus on Asia-centric strategies that leverage Mirae Asset USA's emerging market heritage and on-the-ground presence to deliver high-conviction portfolios and quality long-term performance for investors in the United States.
"At Mirae Asset USA, we add more to our advisor relationships by providing them with a consultative sales process and resource for emerging markets expertise that the advisory community can rely upon," says John Capeci, Head of National Accounts and Mutual Fund Sales at Mirae Asset USA. "Our new wholesalers are instrumental in ensuring we maintain that standard as well as achieve our growth objectives in the U.S. through increased sales and distribution."
Additions to the mutual fund sales team include:
Adam Young joins as a Regional Vice President and Emerging Markets Specialist for Texas and Oklahoma. Before joining Mirae Asset USA, he provided advisor coverage for South Texas and Southern California as an Internal Sales Consultant at Invesco. Mr. Young is a graduate of the University of Houston and is a Certified Financial Planner.
Brian Malizia joins as a Regional Vice President and Emerging Markets Specialist for Illinois, Wisconsin and Indiana. Mr. Malizia joins Mirae Asset USA from Alpine Woods Capital Investors, where he was responsible for covering financial advisory clients in the greater Chicago area. He is a graduate of Xavier University.
Patrick Przybylowski joins as an Internal Wholesaler for Northern California and New Jersey. Most recently Mr. Przybylowski worked as an Internal Wholesaler for KBS Capital Markets Group LLC and has seven years of industry experience. He is a graduate of Franklin and Marshall College.
Timothy Spelman joins as an Internal Wholesaler for the New York Metro area and Southwest region. Mr. Spelman has nine years of industry experience and previously served as an Associate Sales Director at Third Avenue Management. He is a graduate of The Catholic University of America.
The external wholesalers report to John Capeci. The internal wholesalers report to John Whitaker, Regional Vice President and Emerging Markets Specialist for Ohio and Michigan, who adds to his responsibilities the role of Sales Desk Manager for the firm's newly-formed internal sales desk.
These hires add to the recent additions to the U.S. sales team of Tony Matheson, who serves as Regional Vice President and Emerging Markets Specialist for Northern California, Washington, Oregon and Northern Nevada, William Clinton, who serves as Regional Vice President and Emerging Markets Specialist for New Jersey, Pennsylvania and Delaware, and Christopher Begbie, who serves as the Regional Vice President and Emerging Markets Specialist for Maryland, Virginia and North Carolina.
Mirae Asset USA's sales team now consists of 10 external wholesalers, three internal wholesales and one client portfolio manager.
About Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities*. With over 600 employees, of which 123 are dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise from its offices in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the U.S., and Vietnam. The firm manages over $75 billion in assets globally, of which more than $16 billion is invested in emerging market equities (as of 6/30/15). www.miraeasset.us/press
Risk: There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.
Emerging Markets Risk — The risks of foreign investments are typically greater in less developed countries, which are sometimes referred to as emerging markets. For example, political, legal, and economic structures in these countries may be changing rapidly, which can cause instability and greater risk of loss. These countries are also more likely to experience higher levels of inflation, deflation or currency devaluation, which could hurt their economies and securities markets. For these and other reasons, investments in emerging markets are often considered speculative. Similarly, investors are also subject to foreign securities risks including, but not limited to, the fact that foreign investments may be subject to different and in some circumstances less stringent regulatory and disclosure standards than U.S. investments.
Equity Risk - equity investments are more volatile and carry more risk than other forms of investment including investments in high grade fixed income securities.
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.
Mirae Asset Global Investments (USA) LLC is the investment advisor for the Mirae Asset Discovery Funds. The Mirae Asset Discovery Funds are distributed by Funds Distributor, LLC.
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, contact your financial advisor or call (888) 335-3417. Please read the prospectus carefully before investing.
*Source: Investment & Pensions Europe, January 2014
SOURCE Mirae Asset Global Investments (USA) LLC