Mirae Asset Welcomes Stewart Aldcroft as Independent Non-Executive Director of Global X Exchange Traded Funds Series OFC

  • Stewart aldcroft brings with him three decades of experience in asia the fund industry.

  • This appointment will further enhance the fund governance framework of the Global X Exchange Traded Funds OFC and demonstrate Mirae Asset’s commitment to the highest standards of fund governance.

HONG KONG, December 8, 2021 / PRNewswire / – Mirae Asset Global Investments (Hong Kong) Limited (the “Company” or “Mirae Asset”) announced today that it has appointed Stewart Aldcroft as an independent non-executive director of Global X Exchange Traded Funds Series OFC (the “OFC”). The esteemed industry veteran is the first independent director to serve on the OFC board of directors and joins the board members Jung Ho Rhee and Byung ha kim.

(PRNewsfoto / Mirae Asset Global Investments (Hong Kong) Limited)

The Global X Exchange Traded Funds Series OFC is a Hong Kong public open-ended fund company with variable capital incorporated in 2019. It currently has 10 compartments in the form of exchange-traded funds listed on the Stock Exchange of Hong Kong, including the Global X China Electric Vehicle and Battery ETF and the Global X China Clean Energy ETF.

This appointment demonstrates Mirae Asset’s commitment to defending the interests of investors by applying the highest standards of fund governance. Stewart brings with him decades of expertise in asia fund management industry. He was previously chairman of Cititrust Limited in Hong Kong and Senior Advisor for Citi’s Securities Services business in the Asia Pacific. He has also held various positions for traditional, hedge, structured and alternative fund houses across Asia.

Jung Ho RHEE, CEO of Mirae Asset, noted: “We are delighted to welcome Stewart as an independent non-executive director of Global X Exchange Traded Funds Series OFC. His vast experience and expertise will further improve the fund governance framework we have put in place to prioritize the interests of our investors. “

Stewart ALDCROFT, Director of Global X Exchange Traded Funds Series OFC, noted: “I am delighted to join the Board of Directors of Global X Exchange Traded Funds Series OFC as an independent non-executive director, and to join an organization I know well in both Hong Kong and Korea who are so deeply committed to the development of ETF activities in Hong Kong and beyond. I look forward to sharing and developing new ideas to further expand the business. ”

On Stewart aldcroft

Stewart was previously Chairman of Cititrust Limited in Hong Kong and also senior advisor for Citi’s securities services business in the Asia Pacific. In this role, he was responsible and succeeded in helping the company to develop new initiatives and develop its clientele through the Asia Pacific region, as well as advising Citi’s global fund manager clients on access to the region and in particular market entry into China.

Prior to joining Cititrust Limited, Stewart was responsible for business development for beta products at Enhanced Investment Products Limited, and helped develop an ETF suite for asset managers based in Hong Kong. He has had a long career in business development and client relationship management for traditional, speculative, structured and alternative fund houses across Asia, including three years as regional director at Horizon21 (Hong Kong) Limited and three years at Investec Asset Management Asia Limited as Managing Director.

His other previous roles include as Head of Business Development and Marketing for Investment Services at Standard Chartered Bank (Hong Kong) Limited, Director of Marketing and Sales at Franklin Templeton Investment (Asia) Limited, Executive Director at HSBC Asset Management and Associate Director at Schroders Asia.

As a frequent attendee of fund management industry events, Stewart has over the years been a member of the Hong Kong Securities Institute Training and Seminar Committee, AIMA Hong Kong Training Committee and Executive Committee. , as well as the executive committee of the Hong Kong Investment Funds Association. .

About Mirae Asset Global Investments Group

Mirae Asset Global Investments Group (the “Group”) is an asset management organization with more than US $ 218 billion in assets under management at September 2021. The organization offers a diverse range of investment products, including mutual funds, exchange-traded funds (“ETFs”) and alternatives. Present from 14 offices around the world, the group has a global team of more than 1,000 employees, including more than 200 investment professionals.

The group’s global ETF platform comprises a range of 368 ETFs that provide investors with high-quality, profitable exposure to new emerging investment themes and disruptive technologies in global markets.[1] The group’s ETFs have combined assets under management from 73.7 billion US dollars and are listed in Brazil, Canada, Colombia, Hong Kong, India, Japan, Korea, UK and United States.[2]

Please visit our Hong Kong website: www.globalxetfs.com.hk

[1] Source: Mirae Asset, September 30, 2021.

[2] Same.


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