Mr. Mahendra Kumar Jajoo joins Mirae Asset Global Investments (India) Pvt. Ltd. as Head of Fixed Income

Mumbai, August 29, 2016

Mirae Asset is pleased to announce that Mr. Mahendra Jajoo has joined as Head – Fixed Income at Mirae Asset Global Investments (India) Pvt Ltd. Mr. Mahendra Kumar Jajoo is CA (Silver Medalist), CS and CFA by qualification and has over 25 years of experience in the field of financial services. Mr. Jajoo’s previous stint has been with leading Asset Management Companies like Pramerica, Tata and ABN AMRO, where he has been spearheading the fixed income business. Mr. Jajoo has also worked with leading financial institutions like ABN AMRO and ICICI Group.

"We are very pleased that Mr. Jajoo has joined our organization and we believe this is an important step in strengthening our fixed income investment team and in line with our strategy to increase the share of fixed income in our overall AUM mix" said Mr. Swarup Mohanty, CEO - Mirae Asset Global Investments (India) Pvt Ltd.

About Mirae Asset

Mirae Asset Global Investments (India) Pvt. Ltd is a wholly-owned subsidiary of the Mirae Asset Financial Group. In less than a decade Mirae Asset Global Investments Ltd. has become one of the world's largest investors in emerging market equities, managing total assets of over USD 97 billion** as on 31st July 2016. Mirae Asset Group's Investments in India stand at Equity AUM of 1.55 billion and Debt AUM of 264 Million USD.

Mirae Asset Mutual Fund has completed more than 8 years of existence in India. Mirae Asset is open of the fastest growing AMC's in India and it has seen a strong growth in Assets under Management (AUM) with AUM growing to Rs. 5,001 crores as on 31st July 2016 from Rs. 500 crores in 31st July 2013. Mirae Asset has also become a profitable asset management company, and is making profits in the last 3 years. Mirae Asset Global Investments (India) Pvt. Ltd manages 5 equity funds, 2 debt funds and 1 fund of fund scheme.

Headquartered in South Korea, Mirae Asset Global Investments also has investment management operations in Hong Kong, United Kingdom, India, Vietnam, USA, Canada, Australia, Taiwan and Brazil. Apart from Asset management, Mirae Asset Financial Group has business interest in Life Insurance, Securities and Investment & Venture Capital. *Source: KOFIA, Mirae Asset Global Investments Group.

For details, please contact:

Contact Person - Vaibhav Shah

Designation - Head of Product, Marketing & Corporate Communications

Contact No. - 9930753705/022-6780 0365

Email – shah.vaibhav@miraeasset.com