Byun to Head Mirae Asset Life

By Lee Kyung-min

Former Mirae Asset Daewoo CEO will take the helm of Mirae Asset Life the firm said Thursday, after a recommendation committee selected him, Feb 8

The stock specialist will take office in March upon final approval at a regular shareholders' meeting the same month.

The life insurance affiliate of Mirae Asset Financial Group will have two separate control towers with Byun in charge of the firm's overall management and another CEO of the firm, Ha Man-deog in charge of sales.

'We believe Byun, a seasoned brokerage expert, has a lot to offer as our new head. He will contribute to the effective management of the firm and help improve our corporate culture that prioritizes professionalism,' a Mirae Asset Life official said.

Byun graduated from Daejeon High School and Seoul National University as a law major

Starting his career at Samsung Securities in the 1990s, Byun joined Mirae Asset Securities in 2000 at the recommendation of Mirae Asset Chairman and founder Park Hyeon-joo.

Byun became a bond manager in 2005 and has broad experience in management as well as public relations.

He took charge of the brokerage's retail...