Mirae Asset Welcomes Stewart Aldcroft as Independent Non-Executive Director of Global X Exchange Traded Funds Series OFC

Stewart Aldcroft brings with him three decades of experience in Asia’s fund industry.
Appointment will further enhance fund governance framework of the Global X Exchange Traded Funds OFC and demonstrates Mirae Asset’s commitment to the highest standards of fund governance.

December 8, 2021, Hong Kong – Mirae Asset Global Investments (Hong Kong) Limited (the “firm” or “Mirae Asset”) today announced it has appointed Stewart Aldcroft to serve as an independent non-executive director of the Global X Exchange Traded Funds Series OFC (the “OFC”). The esteemed industry veteran is the first independent director to serve on the OFC’s board of directors and joins board members Jung Ho Rhee and Byung Ha Kim.

The Global X Exchange Traded Funds Series OFC is a Hong Kong public umbrella open-ended fund company with variable capital that was incorporated in 2019. It currently has 10 sub-funds in the form of exchange traded funds listed on the Stock Exchange of Hong Kong, including the Global X China Electric Vehicle and Battery ETF and Global X China Clean Energy ETF.

This appointment demonstrates Mirae Asset’s commitment to upholding investors’ interests by applying the highest standards of fund governance. Stewart brings with him decades of expertise in Asia’s fund management industry. He was previously Chairman of Cititrust Limited in Hong Kong and Senior Advisor for Citi’s Securities Services business in the Asia Pacific. He has also held a variety of positions for traditional, hedge, structured and alternative fund houses across Asia.

Jung Ho RHEE, Chief Executive Officer of Mirae Asset, said: “We are thrilled to welcome Stewart as an independent non-executive director of the Global X Exchange Traded Funds Series OFC. His extensive experience and expertise will further enhance the fund governance framework we have put in place to prioritize the interests of our investors.”

Stewart ALDCROFT, Director of Global X Exchange Traded Funds Series OFC, said: “I am delighted to join the board of Global X Exchange Traded Funds Series OFC as an independent non-executive director, and to join an organization that I know well in both Hong Kong and Korea that is so deeply committed to developing the ETF business in Hong Kong and beyond. I look forward to sharing and developing new ideas for further expansion of the business.”

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