Correspondent Clearing

Correspondent Clearing


Correspondent Clearing


Providing Efficient Solutions

  • We provide equity and fixed income institutional broker- dealers fully integrated correspondent clearing services in major global markets.
  • We offer a broad set of products that connect a client’s front end with our advanced clearing and custody platform.
  • Our dedicated support model offers experienced and personalized attention.
  • We provide superior clearing services including: cutting- edge technology, flexible reporting, MIRAEPRIME portal, business advisory services and a dedicated support team.


Global Securities Financing

Global Securities Financing


Repurchase Agreements (REPO)

Our robust integrated global trading capabilities, combined with local U.S. market expertise, enable the execution of Repurchase Agreements (REPO) transactions that meet the diverse financing needs for our client base.

TRANSACTION TYPES

Bilateral:

  • Transactions in high demand (specials) will be done predominantly on an overnight basis due to dynamically changing firm positions.
  • General collateral transactions will typically be asset gathering, trade funding, and term in nature with an average maturity of 7 to 30 days and a maximum of 365 days.
  • Agent lender borrows will be open/overnight.

Tri-Party:

  • Transaction size will be up to $1B per transaction to ensure proper intraday liquidity to unwind trades.
  • The book will be structured with an average maturity of 7 + days, with limited overnight transactions to reduce liquidity risk.

Securities Lending

  • We provide clients the opportunity and insight necessary to properly maintain their portfolios, while integrating the highest risk management standards.
  • We offer clients information to navigate the lending markets.
  • With our global reach and dedicated local resources, we provide advantageous and transparent lending rates.

Transaction Types

Equity Specials:

  • We target equities that have high short sale interest.
  • We transact in the borrowing and lending of equity securities with other broker dealers.

Lending Box:

  • We maintain firm liquidity, lending re-hypothecated securities to approved counterparties.

Fully Paid Lending:

  • Once implemented, we will work with internal accounts that hold fully paid assets that have tremendous value in the securities lending market.

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Prime Brokerage

Prime Brokerage

Prime Brokerage


Prime Brokerage Services


Client Centered

Services:
Our Clients:

Mirae Asset Securities (USA) targets emerging, small and start-up managers. We provide long term support to our clients, contributing to their operational strength and mitigation of business risk.

Our primary focus is on long/short equity, market neutral, global macro, multi strategy, relative value arbitrage, convertible arbitrage, and distressed funds. Global in scope, Mirae Asset Securities (USA) will target:

  • Funds that are most impacted by industry consolidation, and due to their size, are challenged by business risk despite impressive performances that exceed some of the larger funds
  • Larger funds that seek a significant and attentive counter-party for their secondary prime broker relationships
  • Sovereign wealth funds
  • Insurance companies
  • Prop traders
  • Institutional brokers

Our comprehensive technology platform can ease the burden on managers by providing operational support services under one roof including: portfolio accounting, customized report writing, risk management, and a host of business advisory services. We also can advise on enterprise technology, compliance, and global trading solutions.

At Mirae Asset Securities (USA) we continue to expand our services to meet the evolving needs of our clients.

Corporate Access

Team

MIRAE ASSET SECURITIES (USA) MANAGEMENT TEAM


Jae Ryu

President 

Jae Ryu is the CEO and President of Mirae Asset Securities (USA) Inc. “Mirae”. Jae is a twenty year industry veteran with extensive expertise in equity sales, sales & trading, and investment banking. He has positioned the firm as a leader in meeting the complex needs of the Mirae’s global clients.

20+

Years of Experience


Brandon E. Angus

Chief Technology Officer

Brandon is the Chief Technology Officer of Mirae. With over twenty years of experience, Brandon’s primary focus is on providing technical direction and vision for the firm. With expertise in technology management, product development, prime brokerage and correspondent clearing, Brandon focuses on developing technical solutions for, and building partnerships with, financial companies around the world. In the past, Brandon has held various management positions at several leading financial services firms.

20+

Years of Experience


Sanghyun Bae

Chief Compliance Officer

Sang is the Chief Compliance Officer of Mirae. With over twenty years of experience in Trading, Sales, Financial Operations and Compliance at various other global financial institutions, he is currently responsible for management and oversight of Mirae’s compliance functions, including the firm’s surveillance, regulatory, and anti-money laundering programs.

20+

Years of Experience


James De Alto

Managing Director & Head of Correspondent Clearing Services

Jim is Managing Director and Head of Correspondent Clearing Services for Mirae. Jim is a thirty year veteran of the financial services industry and has worked with various investment firms. Jim has held various leadership roles in correspondent clearing services firms and is considered an expert in clearing, custody, and securities financing.

30+

Years of Experience


Daniel Hanuka

Chief Financial Officer

Daniel is the Chief Financial Officer and Financial Operations Principal of Mirae. Daniel’s responsibilities at Mirae include the firm’s financial management and the preparation of the firm’s financial statements in accordance with Generally Accepted Accounting Principles.

Daniel has worked as a senior finance officer in the securities industry for over twenty years and has extensive experience in financial and regulatory reporting. Daniel is a Certified Public Accountant licensed in the State of New York and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

20+

Years of Experience

Chris Hempstead

Managing Director & Head of ETF and Global Portfolio Trading

With over twenty years of experience on Wall Street, Chris is an ETF and Portfolio Trader helping trading desks, asset managers, and ETF issuers navigate the ETF landscape. Chris has been a significant leader in the ETF industry and has recently established Mirae as an ETF Authorized Participant for some of the largest and faster growing ETF trusts. During his time with the firm, Chris has also established global portfolio trading to support ETF managers and address the general needs of other trading clients. He also assists managers in executing portfolio rebalancings for non-transparent ETFs while also working with issuers on ETF listings and secondary market trading support.

20+

Years of Experience

Lara Hernandez

Managing Director & Head of Fixed Income Sales and Trading

Lara is Managing Director and Head of Fixed Income Sales and Trading for Mirae. Lara is responsible for the firm’s Global Fixed Income Financing business and has over twenty years of industry experience in liquidity management and balance sheet solutions. Lara works closely with institutions on tailored financing solutions and is an industry expert with widespread client relationships across many sectors.

20+

Years of Experience

Rob Sackett

Managing Director & Head of Prime Brokerage

Rob is Managing Director and Head of Prime Brokerage for Mirae. Rob has over twenty years of experience building various small and large prime brokerage and securities financing businesses. He has extensive knowledge of collateral management and funding, sales trading, product development, internal financing, prime brokerage, and securities lending operational functions. Rob has been published by various industry media outlets and frequently speaks on industry panels.

20+

Years of Experience

Keith Wright

Managing Director & Head of Equity Finance

Keith is Managing Director and Head of Equity Finance for Mirae. With over twenty years of experience in institutional finance, Keith has developed many long-standing relationships with banks, broker-dealers, and agent lenders. Keith is focused on providing custom financing solutions for clients and managing the growth of the firm’s Global Equity Finance business.

20+

Years of Experience



Culture & Values


At Mirae Asset Securities our decision-making is guided by our four core principles:

CLIENTS FIRST

OBJECTIVITY

TEAMWORK

CORPORATE CITIZENSHIP


Our clients’ success is paramount – their success is our success. We build and nurture long-term relationships with our clients by using our proven investment strategies to help create wealth for life.

We assess every investment opportunity objectively and with total impartiality. Our independence sets us apart and helps ensure that our decisions are aligned with the needs of our clients.

Our success is built on respect for each individual and a belief in the power of teamwork. It is our aim to create a true meritocracy in which talent and achievement are rewarded and opportunity is equally available to all.

At Mirae Asset, we are profoundly aware of our responsibilities. As a good corporate citizen, we aim to give back to the communities in which we live and actively support and participate in a range of initiatives within them.

 

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Contact

Mirae Asset Securities (USA), Inc.

810 7th Avenue, 37th Floor
New York, NY 10019
(212) 407-1000

Contact Us


    Principles


    OUR PRINCIPLES ARE OUR PROMISE

    Strong Ethical Management


    At Mirae Asset Securities (USA), we implement risk management and compliance programs to abide by our core values, beyond mere formality. We pride ourselves on maintaining a culture which consistently exceeds regulatory guidelines. Our decision-making process focuses on consumer protection, and seeks sustainable growth of our business through the declaration of ethical management.  Our robust risk management procedures are designed to satisfy the most demanding of investors, ensure quality and consistent results built for the long term.

    Information spreads rapidly in our technological world and we believe that “Ethical Management” All You Can Feel: Images of Recreational Drugs Exposed to Film Negatives by Sarah Schoenfeld tadalafil online us healthcare firms in giant bn deal is critical to the long-term success of our company and our valued client relationships.

    Strategic and enduring partnerships with our clients


    A long-term perspective is key when determining sustainable competitiveness. Though the capital markets may be volatile over the short-term, or investment trends may change quickly, we look to build long standing relationships and offer tremendous investment flexibility, provide superior services, and help clients to manage risk.  Investing in our client relationships is the essence of our long-term approach to success.

    Mirae Asset assesses investment risks with expected return


    At Mirae Asset every investment risk is assessed with expected return. Valuations, liquidity and corporate governance are constantly monitored for their potential to inflict damage on long-term competitiveness. It is our aim to limit both our clients’ and our own exposure to such investment risk. Our Risk Management Division consistently communicates and works with our clients to ensure that risk management principles are shared among all parties.

    Mirae Asset values a team-based approach to decision-making


    Success for Mirae Asset and our clients is achieved through a team-based approach to decision-making, with extensive discussion and a commitment to firmly adhere to our principles and process.

    Mirae Asset firmly adheres to these core investment principles.


    News & Announcements

    News & Announcements


    In The News

    News

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    On top of having a QDLP licence, the Korean firm has received a private fund management (PFM) licence from the Asset Management Association of China (Amac), according to the agency’s records. The PFM licence allows foreign fund managers to invest in a portfolio of onshore assets and permits the product’s...
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    Mirae Asset Global Investments is gearing up to launch Brazil’s first fixed-income ETF in partnership with S&P Dow Jones Indices. The Mirae Asset Renda Fixa Pré Fundo de Índice is set to go live on September 10, according to the Korean asset manager and B3, Brazil’s leading stock exchange. Read...
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    NEW YORK, July 2, 2018 /PRNewswire/ -- Mirae Asset Global Investments Co., Ltd. (Mirae Asset), one of Asia's leading independent financial companies based in Seoul, South Korea, today announced that it has completed the previously announced acquisition of Global X Management Company LLC (Global X), the New York-based provider of exchange-traded funds (ETFs) with $10.1 billioni in assets under management (AUM)....
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    Mirae

    Mirae Asset Securities (USA), Inc.

    Mirae Asset Securities, USA

    Mirae Asset Securities, USA

    Building on Principles


    Building a global footprint through the Prime Brokerage, Global Securities Financing, and Correspondent Clearing Businesses

    Global Reach

    with

    Local Expertise

    810 7th Avenue, 37th Floor
    New York, NY 10019
    (212) 407- 1000

    Our Business

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    Our Team

    Each member of our management team has an average of over 24 years of business experience as an industry leader in their area of expertise.

    Meet Our Team

    Our Presence

    Mirae Asset has a global presence with offices in 16 markets including:

      • Australia
      • Brazil
      • Canada
      • China
      • Colombia
      • Hong Kong SAR*
      • India
      • Indonesia
      • Japan
      • Korea
      • Mongolia
      • Singapore
      • UAE
      • United Kingdom
      • United States
      • Vietnam

    *Special Administrative Region of the People’s Republic of China