![]() The assets from Totum Risk and myFinancialAnswers will accelerate our ability to serve financial advisors and their clients on these dimensions. “Our companies such as Magnifi, Positivly, and Clout are growing their footprint, and based on feedback from our partners, we have decided to add capabilities for further personalization based on an individual's risk profile and financial situation. Vinay Nair, Founder, Chairman & CEO of The TIFIN Group. ![]() “ THE TIFIN GROUP’s operating companies are building innovative fintech products to help align asset managers with wealth managers to deliver better outcomes and experiences for individuals,” said Dr. Our #fintech platform is expanding and we are excited to share some acquisition news! Cheers to Park Hyeon-Joo and to Mirae (Mirae means future in Korean). I am thankful they kept their promise and trusted the Global X team.Ĭongratulations to Luis Berruga and the rest of the amazing Global X team. We agreed with Mirae that our President Luis Berruga would take over as CEO and leave the amazing team at Global X to continue to build this business independently. Importantly, we observed that he had trusted the senior management of acquired businesses to continue to execute. One of the reasons we sold to Mirae is because its founder, Park Hyeon-Joo, is a true entrepreneur and visionary. Today, less than 3-years after the sale, Global X has crossed $30 billion in AUM, surpassing the ETF assets of Fidelity, PIMCO, Goldman… This does not include the subsequent business that Global X has built in Japan and Europe. Ten years and $10 billion in AUM later, we sold the business to Mirae Asset Global Investments. ![]() We failed to raise any capital and self-funded the enterprise, putting all our savings into the business. Gonzalez-Navarro and I founded Global X ETFs in 2008, in the midst of the financial crisis.
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