ETF Securities rebrands following acquisition

ETF Securities is to rebrand to Global X following the acquisition by Mirae Asset and Global X in June.

Global X had more than million clients across 95 countries and ETF Securities said the two firms had been working closely to identify ways accelerate growth of the combined company in the Australian market.

ETF Securities’ listed products would be renamed but the structures would remain the same.

HyeonJoo Park, founder and global investment strategy officer of Mirae Asset Financial Group, said: “Australia is a focus market for Mirae Asset and I’m delighted to see the business scale in the region. Mirae Asset is extremely committed to its industry-leading ETF businesses and I’m proud to welcome ETF Securities to the Global X brand as it perfectly aligns with our dedication to the sector and to our investors”.

Luis Berruga, chief executive of Global X ETFs, said: “The rebrand to Global X ETFs builds on a legacy for investors that’s beyond ordinary via quality research, the deep balance sheet of our parent company, Mirae Asset, and a track record of innovative and investor driven product design, allowing us to create opportunities for our clients as we expand our offering.”

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“The rebrand to Global X ETFs builds on a legacy for investors that’s beyond ordinary via quality research, the deep balance sheet of our parent company, Mirae Asset, and a track record of innovative and investor driven product design, allowing us to create opportunities for our clients as we expand our offering,” said Luis Berruga, chief executive of Global X ETFs.

“We are creating an Australian ETF powerhouse by joining Global X and ETF Securities.”