Korea-headquartered Mirae Asset Global Investments has appointed a new managing director for its European division.

Myung Joo Park will work from Mirae’s London office, directing the firm’s activities throughout the region. Mr Park moves from Mirae’s international business division in Korea where he developed the firm’s expansion to London, Mumbai, New York and Sao Paolo. He has also headed up the international investment team at Mirae Asset’s private equity division where he was responsible for all overseas investments.

“This is an exciting time for the company as it finalises the registration of a range of Luxembourg-domiciled SICAV funds in six European jurisdictions. I am delighted to be working with the team here in London and look forward to playing an instrumental role in growing Mirae Asset’s European presence,” said Mr Park.

Established in 1997, The Mirae Asset Financial Group manages $53 billion of assets, as of July 2009. Apart from Mirae Asset Securities, the manager’s London office is its only Europe-based operation.