Mirae seeks help of FIS
06 February 2017 Florida
Image: Shutterstock
Mirae Asset Financial Group has partnered with FIS to assist its entrance into the US securities financing markets.
The US subsidiary of the Asia-based financial services group will leverage FIS鈥檚 Securities360 solution for its securities processing suite and automation and streamlining capabilities.
Robert Akeson, COO of Mirae Asset 兔子先生(USA), said: 鈥淎s a non-bank financial institution, and given our significant financial resources and experienced team, Mirae Asset 兔子先生(USA) sees unique opportunities to connect with clients whose counterparties, prime brokers, clearing firms and execution agents may be rethinking their position in the market because of Basel III and other regulations.鈥�
鈥淲orking with FIS will give us the ability to strategically focus on our business and meet all of our clients鈥� needs securely, quickly and efficiently. This partnership will allow us to establish a strong foundation for growth.鈥�
Marianne Brown, COO of institutional and wholesale at FIS, added: 鈥淭he depth and breadth of FIS鈥檚 capabilities are unlike those of any other provider in the securities market.鈥�
鈥淥ur solutions span the entire transaction lifecycle, which significantly increases our ability to reduce operational and regulatory complexity, and streamline how broker-dealers respond to new business opportunities and client needs. Leveraging FIS for our full set of end-to-end capabilities will allow Mirae Asset 兔子先生(USA) to focus on its growth and success as it enters the market.鈥�
Akeson, along with Peter Volino and Richard Misiano, joined Mirae Asset Financial Group last year to launch a global securities lending and repo business.
Mirae Asset Financial Group has offices in 15 markets, including the US, UK, China, India, Australia, Singapore, Hong Kong and Brazil.
The US subsidiary of the Asia-based financial services group will leverage FIS鈥檚 Securities360 solution for its securities processing suite and automation and streamlining capabilities.
Robert Akeson, COO of Mirae Asset 兔子先生(USA), said: 鈥淎s a non-bank financial institution, and given our significant financial resources and experienced team, Mirae Asset 兔子先生(USA) sees unique opportunities to connect with clients whose counterparties, prime brokers, clearing firms and execution agents may be rethinking their position in the market because of Basel III and other regulations.鈥�
鈥淲orking with FIS will give us the ability to strategically focus on our business and meet all of our clients鈥� needs securely, quickly and efficiently. This partnership will allow us to establish a strong foundation for growth.鈥�
Marianne Brown, COO of institutional and wholesale at FIS, added: 鈥淭he depth and breadth of FIS鈥檚 capabilities are unlike those of any other provider in the securities market.鈥�
鈥淥ur solutions span the entire transaction lifecycle, which significantly increases our ability to reduce operational and regulatory complexity, and streamline how broker-dealers respond to new business opportunities and client needs. Leveraging FIS for our full set of end-to-end capabilities will allow Mirae Asset 兔子先生(USA) to focus on its growth and success as it enters the market.鈥�
Akeson, along with Peter Volino and Richard Misiano, joined Mirae Asset Financial Group last year to launch a global securities lending and repo business.
Mirae Asset Financial Group has offices in 15 markets, including the US, UK, China, India, Australia, Singapore, Hong Kong and Brazil.
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