Mirae Asset expands distribution strategy into MENA

Mirae Asset Global Investments Group (‘Mirae Asset’), the Asian emerging market equities specialist, has hired Jad Shams to the newly created role of Head of MENA sales

Mon Dec 02 00:00:00 KST 2013

Mirae Asset expands distribution strategy into MENA


(02 December 2013, LONDON) Mirae Asset Global Investments Group (‘Mirae Asset’), the Asian emerging market equities specialist, has hired Jad Shams to the newly created role of Head of MENA sales.

Based in London, Shams will be responsible for building the firm’s sales distribution network across the region. The move comes as Mirae Asset looks to become one of the first Asian asset management firms to set up a distribution sales force dedicated to the investment community in the Middle East. Initially the sales effort will focus on the institutional and intermediary investor landscape across the region.

Shams will lead the business development and distribution of Mirae Asset’s Luxembourg (SICAV) domiciled Mirae Asset Global Discovery Fund into the Middle East. This cross-border range of mutual funds is registered in over 12 countries. The fund operates as an ‘umbrella fund’, enabling Middle Eastern investors to choose between one or more sub-funds; Offering access to various Mirae Asset funds that aim to take advantage of the global emerging markets story, via an established local partner.

With an established multi-Asian local team base, in addition to having received a license under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme, the fund will be an attractive offering to MENA-based investors looking to invest in Asia via an established local partner within the popular SICAV wrapper. 
Shams has over twelve years experience serving the Gulf market across all client and product types. He was formerly a Director with Natixis Global Asset Management in Dubai, a Senior Investment Advisor at Credit Agricole Asset Management in Abu Dhabi and a VP at Deutsche Asset Management in Frankfurt.

Ashley Dale, Chief Marketing Officer at Mirae Asset said: “We are delighted that Jad has joined Mirae Asset to spearhead the expansion of our distribution strategy into the MENA region. Jad brings with him a wealth of experience and know-how in distributing new products to this increasingly important client base. He is a proven salesman and will play a crucial role in our move to become one of the first Asian based asset managers to establish a distribution network in the region.”




Max Hilton, Senior Consultant
+44 (0) 20 3178 6873
Edward Jenkins
+44 (0) 20 3178 8187


About Mirae Asset Global Investments Group

Since 1997, Mirae Asset Global Investments Group has become one of Asia's largest independent asset managers and the world’s largest active investors in emerging market equities1. Globally, the Group has in excess of US$60 billion of assets under management (as of 31 October 2013) across a diversified platform to offer market-leading investment services and solutions in traditional equity and fixed income products, ETFs and alternative strategies, such as real estate, private equity and hedge funds.

Headquartered in Korea, the Group has a presence in 12 countries worldwide, including Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, United Kingdom, USA and Vietnam. The Group includes over 120 investment professionals dedicated to asset management in Asia and other emerging markets.


1 Source: One of the largest investors in emerging market equities amongst 79 asset management firms surveyed by Investment & Pensions Europe (“IPE Survey: Managers of Emerging Market & Frontier Equities,” 31 January 2013.)


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Mirae Asset accepts no liability for any loss or damage of any kind resulting out of the unauthorised use of this document. This document is issued by Mirae Asset and has not been reviewed by the Hong Kong Securities and Futures Commission.

(Source: Mirae Asset Global Investments Group)