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TELMEN GERELT HAS BEEN APPOINTED AS CHIEF EXECUTIVE OFFICER OF ARD CREDIT 2020-01-30

The Corporate Secretariat of Ard Credit NBFI JSC (Ard Credit) is pleased to announce that Mr. Telmen Gerelt has been appointed as Chief Executive Officer of Ard Credit. Telmen will be responsible for increasing the value of the company by continuously improving customer service, upholding the interests of all shareholders, and expanding the company’s operations both locally and internationally. For over 10 years, Telmen has held corporate leadership and senior management roles at various local and international companies, including LG International Corp. In 2016, following the privatization of Mongol Post JSC, he was appointed as VP of Strategic Planning and Business Development of Mongol Post, where he helped increase the company's profitability 15-fold while expanding the company’s logistics operations throughout the region. Telmen has a BBA in Economics from the National University of Mongolia and a MSc in Management from SunKyunKwan University of Korea.

Ard Credit is invested by Ard Financial Group (Ard Holdings or Group), which is a diversified financial services holding company that aims to increase its shareholder value through investing in and developing leading financial services companies. Ard Holdings’ investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, Mongol Post, GoPay, Nomyn Hishig, CryptoNation, Digital Exchange Mongolia (trade.mn), and MEC Partners (ardshop.mn). Investor Nation is a registered trademark of the Group. Ard App, Ard Digital Banking, GoPay, ArdCoin are digital products based on artificial intelligence and blockchain, and are registered intellectual properties of the Group.

Companies in our 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

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
Phone: 7707-8080, 7707-8181, 7707-8282
E-mailinfo@ardholdings.com
Websitewww.ardholdings.com