Emerging Markets Firm Appoints Three Execs in U.S.

Mirae Asset USA has named Peter P. Graham chief executive officer; Robert P. Mulligan, president; and Robert E. Shea, chief operating officer.

Graham and Mulligan assume the positions previously held by Joon Kwun, who is relocating to Seoul to assume a senior management position leading the firm’s business development initiatives in Asia.

As chief executive of Mirae Asset USA, Graham will retain his role as president of the Mirae Asset Discovery Funds and continue as head of marketing and product development. First recruited to Mirae Asset Global Investments (MAGI’s) U.S. business in 2009, he spearheaded the firm’s entry into the U.S. mutual fund market and built out its U.S. product line and marketing initiatives.

In addition to his new position as president of Mirae Asset USA, Mulligan continues his responsibilities as head of sales and distribution, leading the firm’s U.S. retail and institutional efforts. He was recruited by Mirae Asset USA in 2010 as head of strategic relationships to develop the firm’s retail distribution network. He was named head of retail sales and distribution in early 2012 and assumed the role of head of sales and distribution later last year.

Shea takes on the role of chief operating officer of Mirae Asset USA. He joined the firm in 2009 as head of finance and operations, with responsibilities overseeing U.S. office and business infrastructures.

Mirae Asset USA, which manages over $4.6 billion in equity and fixed income assets, is the U.S. subsidiary of the South Korean firm. MAGI is an investment manager in emerging markets equities.