New Corporate Name
KDB Asset Management Co., which was acquired by Mirae Asset, said that it will change its company name to Multi Asset Management and appoint Nam Ki-chun, head of the alternative investment division at KDB Daewoo Securities, as new CEO.
The new company name shows its will to grow Multi Asset Management into an asset management firm specializing in alternative investment by improving the earnings rate based on the alternative investment and diversifying portfolios in the era of low interest and low growth.
Multi Asset Management is a subsidiary of Asset Global Investments, which is growing into a leading management firm in Asia. Thus, it is expected to be a management company with innovative specialties in hedge fund, alternative investment and robo advisor by making use of Mirae Asset’s global networks.
At the press conference held in the Four Seasons Hotel in Dec. last year, Mirae Asset Group Chairman Park Hyeon-joo said, “I will foster KDB Asset Management as a company that provides the mid-risk and mid-profit portfolios.”