GANHUYAG ChuluunChief Executive Officer

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.

ZOLBOO BatbilegChief Financial Officer

Zolboo is working as Chief Financial Officer of Ard Financial Group and Chief Executive Officer of Ard Management. Also, he participated in initiation and development of first cryptocurrency exchange company - Ard Bit.

He started his career as financial analyst at Ard Securities after earning Bachelor of Science in Finance degree with the highest distinction of Latin Honors, Summa Cum Laude, from State University of New York at Plattsburgh. During his student years, Zolboo completed various internship programs and job trainings gaining experience in financial analysis, due diligence and trading at Primary Insight LLC, a company by J.P. Morgan, and Darwood Associates, FINRA accredited brokerage firm. In school, he served as Vice President of Student Managed Investment Fund, and representative of Finance major. Also, he participated in construction of OFID (OPEC Fund for International Development) Agreement for Encouragement and Protection of Investments, and Environmental and Social Framework of Asian Infrastructure Investment Bank during his training at Financial Market and Insurance division of Financial Policy department, Ministry of Finance Mongolia.

ALTANGUNII JargalanChief Government Relations Officer

Altangunii Jargalan is currently serving as Chief Operating Officer at Ard Financial Group. She started career at the X.A.C (Golden Fund for Development) NGO as coordinator. Her prior work experience include top management positions in Mongolia Economic Forum and iConcept Co.,LTD

She obtained her undergraduate degree (Bachelor of International Management) from Mongolia International University (MIU) and her postgraduate degree (Master of Business Administration) from National Taiwan University of Science and Technology (NTUST) in the Taipei, Taiwan.

Besides her career, she loves to serve the community. She has been an active Rotaractor since 2006 and served as President of Rotaract club of NUM from 2010-2011. Moreover, She is member of Global Shaper, World Economic Forum and also sits on the board of the Global Shaper Ulaanbaatar Hub.

BARHAS TsolmonChief Marketing Officer

Barhas has over eight years of experience in corporate finance, marketing and senior management at various leading companies. Mr. Barhas holds a bachelor's degree in business and economics, and also acquired an MBA from Virginia International University.

 

AMARBAYASGALAN EnhsaihanPrincipal Investment Banker

Mr. Amarbayasgalan has more than 16 years of experience in corporate finance and capital markets, having worked as Chief Executive Officer at Golomt Capital LLC and Deputy Director of Investment Banking at Golomt Bank. Prior to that, he served as Chief Financial Officer and Chief Executive Officer at NewCom Mining Services LLC, an engineering services and mining equipment provider. 

As CEO of Golomt Capital from 2014 to 2018, Amarbayasgalan led the company to profitability, introduced the first online trading platform on the Mongolian Stock Exchange (MSE) with Nomura Research Institute and underwrote several corporate bonds including the largest bond issuance on the MSE. While working for NewCom Mining Services, he was responsible for executing bank contracts and debt restructuring and led contract negotiations. Prior to this, Amarbayasgalan held positions at PWSP LLC and Visa Inc. in the USA. 

Amarbayasgalan received his BBA in Finance from the University of Georgia, and an MBA in Finance and Decision Science from Indiana University, USA. In addition, Amarbayasgalan was awarded the Capital Market Leader medal from MSE in 2017 and named by Forbes Mongolia Magazine “40 under 40”, and received the ‘’Young Leader’’ medal from the Mongolian Youth Federation in 2015. Recently, Amarbayasgalan translated and published Benjamin Graham’s ‘’Intelligent Investor’’ into Mongolian, which became a national bestseller.

MUNH-ERDENE MunhbatInternal Auditor

M.Munh-Erdene specializes in accounting, tax consulting, external and internal audit and has been working in these fields for 9 years. He graduated from Mandakh University in 2011 as a bank economist and accountant and has been studying for a master's degree in financial management at the University of Finance and Economics since 2020. From 2011 to 2014, he worked for APU JSC, a large Mongolian company, and Hulegt Hunnu Audit LLC. He is a CPA of Mongolia Certified Public Accountant, CPTA of Mongolia, and a Professional Auditor. He has been working as an Internal Auditor of Ard Financial Group since August 2016.

ANAR-ERDENE SuhbaatarChief Compliance Officer

ANAR-ERDENE studied at Law School, Peking University in Beijing, China and graduated with a degree in law and is currently studying at the Law School of the National University of Mongolia for LL.M degree. During his studies, he worked as an intern at the head office of Dentons Law Firm in Beijing, Shearman • Sterling Law Firm (US) in Beijing, and the Constitutional Court of Mongolia. During his time as an associate attorney for the Mongolian branch of Dentons law firm, he specialized in investment, mining, concessions, and corporate law.

Anar-Erdene has worked with well-known American and European companies (EBRD, MSTS, Herbalife, John Deere), Chinese private and state-owned enterprises (China Railway Construction Corporation) that comes through branches in other countries. He has also provided various legal advisory services to large mining companies operating in Mongolia.

OYUTTSETSEN BayarsaihanChief Risk Officer

Oyuttsetsen Bayarsaihan is currently serving as Chief Risk Officer at Ard Financial Group. She earned BBA degree at University of Finance and Economics and completed MSc in Accounting and Finance at BPP University in London. In February 2020, she became ACCA qualified, the international charted certified accountant qualification. Oyuttsetsen started her career as a junior accountant at Moninjbar JSC in 2014. She also has experiences in auditing, treasury management and financial markets as she previously worked as an auditor at BDO auditing and and Treasury trader at Golomt Bank.

HULAN HangaiSecretary of the Board

After graduating from the People's University of China with a degree in International Relations in 2017, Hulan worked as an intern at the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs in 2017. From 2017-2018 she worked at the Mongolian Business Council NGO and Rio Tinto. From April 2019 she started working as the Secretary of the Board of Directors at Ard Financial Group.