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

Batbayar Purevjargal serves on the Board of Ard Financial Group as Chairman. He has 20 years of experience in local and international banking and finance, based both in London and Ulaanbaatar. He worked with EBRD for about 10 years, at times as the representative in charge of the natural resources sector for Mongolia. In this role, he was 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 includes 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.

Batbayar obtained his undergraduate degree (Bachelor of Science in Economics) from 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 Hutagt(CEO, Ard Financial Group)

Ganhuyag Chuluun Hutagt re-engaged in business on a full-time basis after resigning from the Vice Minister of Finance position in 2012. He is a serial entrepreneur and is a recognized spokesperson for large businesses in Mongolia.

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 steered this project to transform into the country’s first non-bank financial company, X.A.C., in 1999 and then into XacBank and TenGer Financial Group in 2001. He held the position of the CEO of XacBank and TenGer until his appointment as Vice Minister of Finance in 2010.

in 1999 and then into XacBank and TenGer Financial Group in 2001. He held the position of the CEO of XacBank and TenGer until his appointment as Vice Minister of Finance in 2010.

Ganhuyag has been, and continues to be, involved in a great number of social campaigns, projects and initiatives.

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

Bruno Raschle was the Founder and Executive Chairman of Adveq since 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 USD10 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-ups, 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. Furthermore, he completed the Advanced Management Program at Harvard University in 1990.

SUHDORJ Avir(Founder, GrapeCity Mongolia)

Suhdorj Avir, Board Chairman of Grape City LLC and Most Fintech LLC, began 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 Kyiv, Ukraine. In 1991, soon after the transition from socialism to a market-based economy, he founded Mongolia’s first information communications technology company, BSB Service LLC (now BSB Group). In 2000, while working as BSB Service LLC Chairman and CEO, he founded GrapeCity Mongolia LLC - a company focused on software solutions for banking. In 2001, he also established Incomnet LLC, a space communications service provider. Today, GrapeCity Mongolia LLC has become the leader in banking and payments solutions in Mongolia.

He spearheaded Mongolia’s information and communications technology development for the past 40 years, and was the driving force in developing solutions for banking and payments systems. In 2008, he established the national payments service provider Most Fintech LLC, and he successfully launched Most Money mobile wallet.

ODBAYAR Odonchimed(Board member, Ard Insurance JSC)

Mr. Odbayar Odonchimed earned his Bachelor’s and Master’s degrees from Kyiv Pedagogical University and majored as a teacher from 1984 to 1988. He graduated from Florida Institute of Technology in the United States, majoring in economics. From 1997 to 2000, he majored as a lawyer from Otgontenger University in Mongolia. In 2017, Odbayar graduated from Harvard University with a degree in management.

In the past, he has served as: Director of the Mongolian-Chinese joint state-owned factory, Attache and Third Secretary at the Embassy of Mongolia in China, Advisor to the Prime Minister of Mongolia, and Vice-President of Altai Holding LLC. From 2016 to 2019, he worked as the Deputy Director for Business Development at Erdenes Mongolia LLC, and managed large state-owned enterprises. This role included: putting strategic fields into economic circulation, natural resources exploitation and processing, managing investment and infrastructure projects, and distributing its benefits to Mongolia’s citizens through wealth funds. Mr. Odbayar helps manage 13 subsidiaries of Erdenes Mongolia LLC, such as Baganuur JSC, Shivee-Ovoo JSC, and world-class copper-gold and coking coal mines such as Erdenes Oyu Tolgoi LLC, and Erdenes Tavan Tolgoi JSC.

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

Mr. Sergelen Munh-Ochir is the President of the Institute of Engineering and Technology and a Director of Mongol Kosen College. Prior to this, Mr. Sergelen has served as a 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’s degree in accounting from the International College of Business, and a Bachelor’s degree in management from Isiti College, Japan.

MUNHBAT Chuluun(President, SouthGobi Sands)

Mr. Munhbat Chuluun was appointed as President and Executive Director of SouthGobi Sands LLC in September 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 an Asian Development Bank-funded project, and a coordinator at a World Bank project.

Mr. Munhbat Chuluun was appointed as President and Executive Director of SouthGobi Sands LLC in September 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 an Asian Development Bank-funded project, and a coordinator at a World Bank project.

MIKHAIL Zeldovich(Chairman of Supervisory Board, Cocoon Capital)

Mr. Zeldovich is an investment professional and commodities trading executive with two decades of experience in investing, trading, negotiating, consulting, and board directorship experience in the emerging markets (EM). He has worked as a private equity investor for a USD2.2 billion 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 the Southeast 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(Managing Partner, Gojo & Company)

Arnaud Ventura founded Baobab Group (formerly MicroCred), the leading digital microfinance group focusing on serving micro and small businesses in Africa and China, which has next to 1 million clients and 4,000 employees operating primarily in Africa.

Between 1998 and 2008, Ventura co-founded and led PlaNet Finance, one of the most successful European Financial Inclusion Groups.

Additionally, Arnaud Ventura has been appointed Young Global Leader of the World Economic Forum in 2013. He co-founded the French China Foundation, the leading network of Young Leaders in France and China.