BATBAYAR Purevjargal(Chairman of the Board, Ard Financial Group)

Batbayar Purevjargal serves on the Board of ARD Financial Group as a chairman and he has 20 years experience in local and international banking and finance, based both in London and Ulaanbaatar. He worked with EBRD for about 10 years, at periods as the representative in charge of the natural resources sector for Mongolia, responsible for deal origination and execution of numerous landmark transactions in the minerals and hydrocarbon sectors across Eastern Europe, CIS and Mongolia. His prior work experience include top management positions in Khan Bank a leading Mongolian commercial bank, Inter Group LLC a medium sized family company and Olova LLC a mining company.

Bat obtained his undergraduate degree (Bachelor of Science in Economics) from the University Wales Swansea (UWS) and his postgraduate degree (Masters in Finance) from London Business School (LBS) in the United Kingdom.  He is a co-founder and partner at RMM Pty Ltd, a boutique mining services and advisory group. He also sits on the board of the Mongolian Rugby Football Union.

GANHUYAG Chuluun(CEO, Ard Financial Group)

Ganhuyag is currently serving as Chief Executive Officer at Ard Financial Group, an investment holding company, after resigning from Vice Minister of Finance 2012. He has extensive knowledge and experience in Microfinance industry.

Ganhuyag started his career at the Mongolian Stock Exchange as a floor supervisor in 1991. He joined the Central Bank’s supervision division after graduating from the Budapest University of Economic Sciences in 1997. He was hired by UNDPs MicroStart Pilot Project in 1998, and then became the executive director of Mongolia’s first non-bank financial company X.A.C. in 1999. He has held the position of the CEO of XacBank since its founding until 2009, when he moved on to lead Tenger Financial Group, a parent company.

In 2009 he was nominated to the Forum of Young Global Leaders of the World Economic Forum. In 2010 he was chosen as president of the Mongolian Students Union. Ganhuyag is also a founding member of the Mongolia Economic Forum since 2009.

He has initiated a great number of campaigns, projects and other social activities, including hosting the 11th MFC Conference of Microfinance Institutions in Ulaanbaatar, Mongolia. Ganhuyag was appointed as Vice Minister of Finance in December 2010.

BRUNO Raschle(Non-Executive Vice Chairman, Schroder Adveq)

Bruno Raschle was the Founder and Executive Chairman of Adveq in 1997. He sold the Adveq Group of companies to Schroders Group in 2017. Today, Schroder Adveq is a specialized provider of private equity investment management and services. The company has over USD 10 billion of financial assets from institutional clients under management for investments in venture and growth capital, buyouts and secondary investments globally.

Prior to founding Adveq, Bruno was the founder and Managing Director of the MC Partners fund of funds investment programs at Motor-Columbus, Switzerland in 1986. Bruno’s operational experience includes the management of start-up, turn-around and expansion situations in various industries on different continents. Bruno holds MSc degrees in Construction Engineering from the Swiss Federal Institute of Technology (ETH) and in Industrial Engineering from Stanford University. Further, he has completed the Advanced Management Program at Harvard University in 1990

SUHDORJ Avir(Founder, GrapeCity Mongolia)

President of GrapeCity Mongolia LLC, CEO of “Most Fintech” LLC Suhdorj A. started his career at Mongolia’s Planning Committee in 1975, soon after he was appointed as the Director of the Data Center Division of the Central Bank of Mongolia, and effectively led the division for many years. He studied computer engineering at the University of Polytechnics located in Keiv, Ukraine.

Soon after the transition from Socialism to a market-based economy, in 1991 he founded Mongolia’s first information communications technology company, BSB Service LLC (now BSB Group). While working as BSB Service LLC’s Chairman and CEO, in 2000, he founded GrapeCity Mongolia LLC, a company focused on software solutions for banking systems and payment solutions, and in 2001, he also established Incomnet LLC, a satellite communications service provider. Today, GrapeCity Mongolia LLC has become the leader in banking and payments solutions, in Mongolia

He has been the spearhead of Mongolia’s Information and Communications Technology development, and has been the driving force in the banking and payment sectors. In the past 40 years, he has headed many successful projects, in 2008 he established Mongolia’s first internationally recognized payment service provider Most Fintech LLC, and in 2012 he successfully launched online payments application Most Money mobile wallet.   

ODBAYAR Odonchimed(Board member, Ard Insurance JSC)

Odbayar Odonchimeg studied at Mongolian High School Number 13 from 1974-1984.  From 1984-1988 he studied in Kyiv Pedagogical University and majored as a teacher.  From 1996-1997 he studied economy at Institute of Economics, University of Florida, United States.  From 1997-2000 he studied at Otgon Tenger University as a lawyer.

Mr.Odbayar has 27 years of work experience.  He first started working at Mongolian State University from 1988-1992.  After working at Mongolian State University he started working as a CEO at a Chinese State Owned Company in Tianjin China.  From year 2000-2002 he was the Delegation of MTT Transportation in Beijing.  From 2002-2005 Mr.Odbayar was the Delegation of Mongolian Airlines in Beijing.  Through the years 2005-2010 he was the 3rdattaché, Secretary in Mongolian Embassy in China.  From 2010-2012 he was the Advisor of Mongolian Prime Minister.  From 2012 up to date he is working as a Vise President of Altai Holding LLC, and CEO of Chinggis Khaan Hotel Complex.

SERGELEN Munh-Ochir(Director of Foreign Affairs, IET)

Mr. Sergelen Munh-Ochir is currently the President of Institute of Engineering and Technology and the Director of Mongol Koosen College. Prior to this, Mr. Sergelen has served as the Director of TCI LLC and MAC LLC. He was appointed as the Board member of Ard Financial Group JSC in May, 2018.

Mr. Sergelen has a Bachelor of accounting from the International College of Business and the second Bachelor of management from Isiti College, Japan.

MUNHBAT Chuluun(President, SouthGobi Sands)

Mr. Munhbat Chuluun has been appointed as President and Executive Director of SouthGobi Sands LLC effective September 7, 2015. Prior to this, Mr. Munhbat has served as Interim President and Executive Director of SouthGobi Sands LLC since March 26, 2015. He joined the Company as an Advisor in 2012 and later was appointed as the General Manager of Government Relations and Compliance of SouthGobi Sands. Before joining the Company, Mr. Munhbat was a Project Director at Asian Development Bank funded project and a Coordinator at World Bank project.

Mr. Munhbat has a Bachelor of Law from the Institute of the Ministry of Internal Affairs in Leningrad, Russia. He also earned a Postgraduate Diploma in Public Administration from the Academy of Management in Ulaanbaatar, Mongolia. In 1998, Mr. Munhbat has graduated University of Waikato, New Zealand with Master of Social Science majoring in Public Policy and Administration. Mr. Munkhbat also serves as Honorary Consul of New Zealand to Mongolia.

MIKHAIL Zeldovich(Chairman of Supervisory Board, Cocoon Capital)

Mr. Zeldovich is an investment professional and commodities trading executive with two decades of experience investing, trading, negotiating, consulting and Board directorship experience in the emerging markets (EM). He has worked as a private equity investor for a $2.2bn emerging markets fund, consultant at Boston Consulting Group and a trade negotiator for the U.S. President's office. He graduated from Harvard Law School and the Fletcher School of Law and Diplomacy.  Now he chairs a South-East Asia seed investment fund Cocoon Capital and invests independently as an angel investor in green tech, ag tech, cybersecurity, and natural resources.

Mikhail has been working in Mongolia as regional head for a global commodity trader for almost a decade.  For his contribution to Mongolian energy independence, he was awarded the Order of the Polar Star of Mongolia.

ARNAUD Ventura(Founder, Baobab Group)

Arnaud Ventura founded Baobab Group (formerly MicroCred), the leading digital. microfinance group focusing on serving micro and small businesses in Africa and China.

Baobab’s mission is to unleash the potential of its clients offering them simple and easy to use financial services. Founded in 2005 as MicroCred, today Baobab has disbursed in 2018 over 1 billion EURO of loans both digitally and through a network of over 1000 branches and points of service. Baobab has next to 1 million clients and 4000 employees operating mostly in Africa (Burkina Faso, DRC, Ivory Coast, Madagascar, Mali, Nigeria, Senegal, Tunisia, Zimbabwe) and China.

Prior to the creation of Baobab, Arnaud Ventura cofounded PlaNet Finance (now Positive PlaNet) one of the leading International Non-Profit in the field of international development and microfinance and the Positive Economy Forum, one of the largest forum in Europe focusing on Social Business.

Arnaud was nominated a Young Global Leader by the World Economic Forum (Davos) in 2013. Arnaud was nominated French American Young Leader in 2005.

Arnaud is also cofounder of the France China Foundation

Before co-founding PlaNet Finance, Arnaud worked for BNP Paribas in France and Argentina and participated in the creation of two leading Internet providers in France and Thailand (Club-Internet & Internet Thaïland).

Arnaud speaks English, Spanish and French fluently. He was born in Antibes in the South of France on April 1973.

TULGAT Mainbayar(Vice President, Hishig Arvin Industrial)

Tulgat M. started as a manager at Hishig Arvin Industrial in 2013, where he now serves as the vice president. From 1999 to 2013 he studied at the Economics Faculty of Kyoto University and graduated with a bachelor's degree in Economics, from 2003-2005 he earned his master's degree at the same University. He started his career as a staff member at the business planning department of Softbank JSC where he worked from 2005 to 2009. From 2009 to 2013 he worked as the president of Bekfors LLC. He started working as a regular member of the Board of Directors at Ard Financial Group from May 2020.