Ulaanbaatar, Mongolia, May 18, 2021 - The Corporate Secretariat of Ard Financial Group (Ard Holdings or Group) is pleased to announce that Mr. Bayarmagnai Erdenebat has been appointed as Chief Technology Officer (CTO) of Ard Holdings. Bayarmagnai will be responsible for implementing the digital technology strategy of Ard Holdings. He has 12 years of experience in IT. He started his career as an intern in BigData research and development at Daum Communications Corp., Korea, then as a Senior Project Developer at i2MAX Technology in Seoul. For the last four years, he served as the head of the IT department at Content Mongol Content LLC. 

Bayarmagnai graduated from the Jeju National University of Korea with a Bachelor's degree in Computer Software Engineering and is currently pursuing a Master's degree in Business Administration from the University of Finance and Economics.

He has successfully worked on some big projects such as Myanmar's MPT Pay mobile payment system project, Mobicom Corporation's Candy Pay App project, National News Portal website website upgrade project, Ulaanbaatar Governor's Office, and The Asia Foundation's joint Local Development Fund survey system project, Skytel's digital experience re-branding project, and Skytel's Android App Store project.

Ard Financial Group is a diversified financial services holding company with the overarching goal of increasing its shareholders’ equity through investing in and developing leading financial services and technology companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, MEC Partners (, Mongol Post, Ard Holdings International, Ard Leasing, Ard Properties and Ard Realty. Ard App, Ard Fintech, ArdCoin, Ard Cash, CryptoNation, Digital Assets Exchange and Ard Digital Bazaar are proprietary digital products based on artificial intelligence and blockchain technology.

Companies in Ard Financial Group’s portfolio that are also listed on the MSE:

  • MSE: AARD (03260) Ard Financial Group (formerly Jinst Uvs/Investor Nation)
  • MSE: AIC (05480) Ard Insurance
  • MSE: ADB (05509) Ard Credit
  • MSE: MNP (05412) Mongol Post
  • MSE: XOC (4001) National Privatization Fund
  • MSE: BUN (03089) Bulgan Undraga

For more details, contact:

HQ address: Ard Holdings, Prime Minister Amar street, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: powerful.gains.animates
Central Tower branch address: Suhbaatar square-2, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches
Tel: +976 7707 8080, +976 7707 8181, +976 7707 8282