Mirae Asset bolsters Australian presence with key management appointments

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Kris Walesby

Mirae Asset Global Investments, a leading investment manager with over $280 billion in assets under management, has announced the appointment of Kris Walesby as the CEO for its Australian operations.

In addition to Walesby’s appointment, Oliver Reynolds also joins Mirae Asset Global Investments as the COO for the region.

Both these senior appointments signify Mirae Asset’s strategic move to grow its business in Australia.

Walesby, a seasoned investment professional, joins Mirae Asset from ETF Securities as its CEO for five years, where was responsible for establishing ETF Securities as one of Australia’s leading ETF provider. He previously worked in London for various investment managers, including Blackrock and, before moving to Australia in 2015, as head of capital markets for Europe, Middle East and Africa at Invesco Powershares.

Reynolds has extensive funds management experience across a range of asset managers and asset classes. He was most recently the Chief Financial Officer at Coolabah Capital. He has also worked in senior positions across the XTB group, Blackrock Asset Management and Westpac.

Young Kim, Head of Global Business at Mirae Asset Global Investments, welcomed Walesby and Reynolds to the Australian team.

He says: “Combined with Kris’s deep knowledge and understanding of investment management sector and his successful track record in growing businesses and developing people, we look forward to his contribution towards strengthening the Australian business.”

Walesby says he is excited and privileged to be appointed to the new leadership position at Mirae Asset.

“My goal as CEO is to position the firm as the market-leading asset manager in Australia providing innovative investments. We want to be regarded by clients, and broader communities, for consistently providing the best of breed investment solutions.

“With the combination of Mirae Asset’s deep fund management expertise and the local knowledge of the existing team, we hope to establish a strong Australian identity,” he adds.

Mirae Asset remains active in Alternative Investments across the region led by Luke Gersbach, and despite a relatively subdued appetite for such investments during the Covid – 19 pandemic, Mirae Asset continues to explore opportunities across the Alternative asset spectrum of private debt, private equity and real estate.

The Australian equity distribution will continue to be supported by Don Gunawan as Head of Australian business development. He will oversee the distribution of Mirae Asset Global Investments Asia ex-Japan Equity Funds to Australian institutional and wholesale/retail investors.

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