- Why Calastone?
Calastone, the largest global funds network, announces today that Mirae Asset Brazil is now live on its network for investment funds processing, enabling Brazilian investors to access the largest range of offshore funds markets.
The recent implementation of the new regulatory framework CVM 175 has expanded the international market for Brazilian investors, and with the connection to Calastone’s global network, Mirae is amongst the first to leverage the opportunity that CVM 175 brings. The direct and efficient connectivity to the offshore markets that Calastone offers can be achieved without forcing any changes in processes or existing custody relationships, minimizing any potential cost, additional fees, or other impact on investors.
As emerging market experts with a global perspective, this opportunity fits Mirae’s ambition to deliver excellence in investment management, helping clients to achieve their long-term investment goals through a diverse range of international funds.
Many of the world’s leading financial organisations are connected to Calastone’s global funds network, which offers automation and global connectivity throughout the fund distribution process. With over 3,900 clients in 55 countries and territories, Calastone processes over $300 billion in investment value per month.
William Brennan, Director of New Markets at Calastone, comments:
“We are thrilled that Mirae Asset Brazil is now connected to the Calastone network, enabling unprecedented cross-border connectivity for investors in the country. As Brazil establishes itself as a key global player in the funds market, the connection to Calastone’s global fund network enables Mirae to differentiate and provide a more diversified product offering to their clients with simple, low cost access.”
Taekoo Kim, CEO for Mirae Asset Wealth Management Brazil, comments:
“Following the recent regulatory developments in Brazil, this connection to the Calastone global network represents a key landmark for Mirae Asset’s operation in the country. We are constantly seeking to adapt to our clients’ evolving needs, providing them with innovative investment solutions and intelligent ways to achieve their investment objectives. I am delighted we can now provide a low-cost route for direct exposure to the offshore fund market.”
Calastone is the largest global funds network, connecting the world’s leading financial organizations. Their mission is to help the funds industry transform by creating innovative new ways to automate and digitalize the global investment funds marketplace, reducing frictional costs and lowering the operational risk to the benefit of all. Through this, we make investing more accessible, generating the opportunity for the industry to deliver greater value for the investor. Over 3,900 clients in 55 countries and territories benefit from Calastone’s services, processing US$300 billion of investment value each month. Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York, Milan, and Sydney. For more information, please visit calastone.com/
About Mirae Asset Global Investments
Mirae Asset Global Investments operates across 18 markets, where we take a collaborative approach in managing a fully diversified investment platform that spans all major asset classes. Powered by a unique perspective and the expertise of our global investment professionals, we adapt to our clients’ evolving needs, providing them with innovative investment solutions and intelligent ways to achieve their investment objectives. We currently invest over $ 565bn on behalf of clients, giving us the scale and experience to identify opportunities in a changing world.