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Mirae Asset Securities acquires 'GHCO' ... Enter the European ETF market in earnest

Business / 폴 리 / 05/17/2023 05:42 AM
미래에셋증권 본사 사옥 전경. (사진=미래에셋증권)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Mirae Asset Securities acquired GHCO, a European Exchange Traded Fund (ETF) company.

Mirae Asset Securities London Corporation announced on the 15th (local time) that it has completed the acquisition of GHCO. Earlier, Mirae Asset Securities' London subsidiary signed a stock trading agreement (SPA) to acquire GHCO in December last year and received approval for a business combination from the UK (FCA) and Greek regulators (HCMC).

It is the first case in which an overseas subsidiary of a local securities firm has acquired a local financial company in an advanced country other than Asia. Mirae Asset Securities has achieved the achievement of entering the world's second-largest European ETF market after the United States.

GHCO, a local ETF market development company established in 2005, supplies in-house liquidity to 18 ETF operators, including Blackrock, Vanguard and Global X, and a total of 2,000 ETF items. In particular, it has the industry's highest level of self-development market development (Market Making) system that can efficiently cover 14,000 ETFs worldwide.

Mirae Asset Group's global ETF operation scale (AUM) grew rapidly from about 10 trillion won when it acquired Global X in 2017 to about 135 trillion won as of the end of last year.

 

 

AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)

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