Mirae Asset Securiites purchased European ETF market maker GHCO in May, 2023 and has now promoted Alex Gladkow from Chief Operating Officer to Chief Executive Officer.
The firm writes that the appointment compliments recent senior hires and the future growth story that the acquisition was predicated on, with Mirae Asset Securities identifying pockets of opportunity that Gladkow is excited to exploit.
Mirae Asset Securities strategic acquisition was intended to elevate Mirae’s Global ETF market making presence, with a focus on European listed ETFs, the firm says, adding: “GHCO continues to be a market leader for onscreen pricing and with the size and scale of the parent entity, the opportunity is there to capitalise on new areas of growth. Mirae have a well-established Global distribution channel which comes from cross asset research and GHCO is set to benefit from that network effect.”
“I’m honoured to have been asked to lead GHCO into this next phase of growth. The team have worked extremely hard in getting us to this point and I look forward to executing on this opportunity,” says Gladkow, who adds that this promotion to CEO comes at a pivotal time for the firm. The firm says that GHCO will benefit from his in-depth knowledge of the ETF ecosystem, experience in helping clients to navigate various execution strategies and an ability to identify and execute upon new initiatives.