Now it sees a new growth momentum from AI that would allow it to offer various investment products at much lower fees.“At Mirae Asset, we have laid the foundation for our global AI expansion by establishing Wealthspot in the US this year and acquiring Australia's leading robo-advisor Stockspot last year,” the group’s founder and Chairman Park Hyeon-joo said on Wednesday.“This marks just the starting point for our next major business transformation targeting improved client outcomes at much lower fees ...
It is the 12th-largest exchange-traded fund (ETF) provider in the world with over $125 billion under management for ETF products.“We now embark on the next 20-year chapter of our global expansion with the recent acquisitions of Sharekhan in India and GHCO, a liquidity provider to ETFs in the UK, and with Stockspot, an AI robo-advisor in Australia,” Park said.
AIB described him as “the father of South Korea’s mutual fund industry.”He has become the second Korean entrepreneur to be honored with the award after the late founder and chairman of SK Group, Chey Jong-hyun, received the award in 1995.
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