A senior employee is leaving the Asia-based emerging market equity specialist.

Ashley Dale has stepped down from his position as chief marketing officer and head of international business development at Mirae Asset Global Investments in Hong Kong.

Dale, who was with the company for seven years, led the business development and distribution of cross-border mutual fund products in Asia-Pacific, Europe and the Middle East. He previously served as chief executive at UK-based fund manager Morgan Dale Capital and as head of UK and European sales at CLSA, an equity broker and investment firm.

Following his departure at the end of June, MAGI (Hong Kong)’s president and CEO, Jung Ho Rhee, will take on some of Dale's CMO responsibilities. He will also lead the international sales teams of MAGI (Hong Kong) and MAGI (UK).

“MAGI HK thanks Mr Dale for the significant contribution he has made to our continued growth in Asia-Pacific and wish him all the very best for the future,” said a spokesperson for the company when contacted by this publication.