Board of Directors

In September of 2007 a group of committed business people in Mongolia met to form the Business Council of Mongolia. Our organizing 7-person Board of Directors represented a cross-section of the business and economic mainstays of our economy. The organizing Board has been named as BCM’s Executive Committee as the Board has expanded to a total of 29 current directors.
EXECUTIVE COMMITTEE:
B.Byambasaikhan, Business Council of Mongolia, Chairman 
Byambasaikhan was elected as chair of the Business Council of Mongolia in December 2012. He is a partner at NovaTerra (www.novaterra.mn), a financial advisory and project management firm that combines the talents of a group of experienced Ulaanbaatar based financial executives. He was with Newcom, a Mongolian investment company from 2010 to 2013 as chief executive and managing director, where he managed Clean Energy, Mongolia's first wind energy company, and chaired MobiCom, the country's largest telecom and IT company. Byambasaikhan was an energy finance specialist at the Asian Development Bank in 2004-2010. He managed several multidisciplinary project teams and structured investment transactions in Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan and Uzbekistan. He is a project financier experienced in raising finance through IFIs, ECA and carbon funds.
Byambasaikhan is a part-time infrastructure advisor to the President of Mongolia. He was a board director of the Development Bank of Mongolia. He serves in the boards of the Arts Council of Mongolia, Mongolian Economy Magazine and is a trustee of the Zorig Foundation USA. He is a sponsor of the Environmental Fellowship Program, an initiative to support future leaders with keen interest and involvement in sustainable environment and energy development in Mongolia.
 
randolphRandolph Koppa, Trade and Development Bank, Vice Chairman 
Randolph Koppa is President of Trade and Development Bank of Mongolia. He came to Mongolia in 2004 as part of the management and technical assistance program provided to TDB by ING Bank.
Mr.Koppa also serves as Chairman of the Mongolian Mortgage Corporation (MIK) and is a member of the Board of Directors of the Business Council of Mongolia and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).
Mongolia represents Mr. Koppa's twelfth country in his 43 year international banking career. He is a graduate in International relations from the University of Wisconsin.
Trade and Development Bank is Mongolia's oldest bank and the leader in corporate lending, trade finance, payments and foreign exchange business in the country. In addition, TDB serves Mongolians with top quality personal banking services including cards, electronic and SMS banking.
TDB holds the rare distinction of being voted "Best Bank in Mongolia" two times in a row by "The Banker" and was awarded "Best Bank of the Year", "Grand Prix in Banking and Financial sector of Mongolia", "Best Business Entity for its Social Responsibility", "Best Tax Payer" and many more by different international and local organizations.


J.Peter Morrow, American University of Mongolia, Founding Chairman
Pete Morrow is a resident of Mongolia and was CEO of Khan Bank from 2000 to 2010. He has been a banker and financial consultant for 40 years, working in the United States and ex-socialist countries. He serves Vice Chairman of the North America-Mongolia Business Council, Non-Executive Chair of A.I.D.D. LLC, Vice Chair of the Arts Council of Mongolia and various other corporate and NGO boards. Pete was the founding Chairman of BCM.
American University of Mongolia, which intends to offer a liberal, U.S-style education in Ulanbaatar, was formally established in January 2012. Classes for the university's first freshmen will begin in the fall of 2015. The university, which currently occupies one floor of a central city office building, has established the English Language Institute and is currently working with U.S. universities to develop programs in engineering, environmental studies, and business administration.

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Bayar Budragchaa, ELC Law Firm
Bayar Budragchaa, ELC Law FirmBayar Budragchaa graduated at the University of St.Petersburg of the Ministry of Interior Affairs, Russian Federation with a Bachelor of Law degree (1985) and the School of Law, University of Auckland, New Zealand with a Master of Laws degree (1997). Besides his 12 years of experience in law enforcement organizations he has been working as attorney for 13 years. Mr. Bayar is a member of the Mongolian Advocates Association and the International Bar Association.

 
 
 
enkh-amgalanS. Enkh-Amgalan, President and Executive Director, SouthGobi Sands LLC
Mr. Enkh-Amgalan joined the company in July 2013 from Clean Energy LLC, a subsidiary of Newcom Group, where he was CEO and led the successful development of the first commercial scale wind farm in Mongolia. Prior to this, he gained extensive experience in the extractive industry through a number of senior management positions at the MCS Group of companies. Most recently this included Chief Executive Officer of Nordstar Resources LLC and MCS Petro Mongolia LLC. Before this, he was Vice President, Corporate Development at Mongolian Mining Corporation.
Mr. Enkh-Amgalan has a Master's degree in International Economics from the Monterey Institute of International Studies, a graduate school of Middlebury College in the United States, and holds a BA in International Affairs from the National University of Mongolia.
 
Ivan Vella, Oyu Tolgoi LLC
Ivan is the Vice President of Business Readiness accountable for managing the programme of work to establish Oyu Tolgoi as an operational business and ensure it is positioned to meet planned ramp up of production in 2012 and 2013. This includes oversight of asset handover and commissioning, preparing the operational and corporate divisions to safely start up and sustain operations. Ivan also has accountability for several departments including Procurement, IT, Facilities and Camp Management.
He joined Oyu Tolgoi from Rio Tinto where his previous role was General Manager Commercial working in the Copper Product Group. Previously Ivan worked in Rio Tinto since 1998 on a range of large business improvement and transformation projects across different parts of the Rio Tinto organisation. Prior to joining Rio Tinto, Ivan worked in Deloitte Consulting.
He commenced studying Law and has since completed a Bachelor of Business, Master of Business in Operations Management and a MBA.

D.Jargalsaikhan, MIH Group
Mr. Jargalsaikhan Dugar, Chairman and CEO of the MIH Group is an established entrepreneur, business leader, and long standing public servant in the Mongolia Federal Government. He began his career as a researcher with the institute of Geology and Mining in 1983. He later held various positions of authority including Officer of the Ministry of Geology and Mining, head of the Mining Department at Ministry of Heavy Industry, Vice President Finance of the State Owned extraction company Mongol Erdene Holding, Chairman of the Mineral Resources Authority of Mongolia, and Head of the Geology and Mines Department of the Ministry of Trade and Industry.
Jargalsaikhan holds a BSc in Mining Economics from the Moscow State University of Economics Statistics and Informatics, specialized training from the Colorado School of Mines and has been awarded an Honorary MBA from the University of Science and Technology of Mongolia.
Since entering the private sector Jargalsaikhan has focused on building the MIH Group LLC, of which he is now CEO and Chairman. MIH Group is one of Mongolia’s most successful private enterprises with multi-market activities in established and developing sectors. Among these are Mongolia’s first life insurance provider, first venture capital firm, investment banking and brokerage services, commercial and residential construction, property maintenance services, real estate leasing, food and beverage production, and agricultural manufacturing. The Group now comprises more than 20 subsidiaries and affiliated companies with over 200 employees combined.
Mr. Jargalsaikhan is the Chairman of the Young Researchers Foundation at the School of Computer Science and Management of Mongolia, Held a four year term as the President of the MNMA, and is the current President of Mongolian Federation of Checkers.

Laurenz Melchers, Mongolian Star Melchers -Former Chairman
Laurenz Melchers is a co-founder of Mongolian Star Melchers Company (MSM). He and his family reside in Mongolia since 1997. He holds a B.Sc. from the University of Massachusetts.
MSM is a trade and service company, active in the following four fields of business: Mining & Construction Supply, Automotive retail and service, Consumer goods distribution, Health care & hospital supplies. MSM is known for quality of services and products and is the General Agent in Mongolia for many reputable companies including: Mercedes-Benz (cars and trucks), Mitsubishi Motors, Atlas Copco (Generators and Compressors), Boart Longyear (Drill rigs and consumables), Johnson & Johnson, Kimberly Clark.

Sumati Luvsandendev, Sant Maral Foundation- Former Vice Chairman 
Sumati Luvsandendev is the Executive Director of Sant Maral Foundation since 1994. He is also the Chairperson of Transparency International – Mongolia and a board member of the Arts Council of Mongolia. Previously Sumati earned Diploma in Applied Mathematics (Informatics), Moscow State University, Moscow, USSR; attended summer school in Institute for Social Research, University of Michigan; and held fellowship in Institute of Computer Science, Polish Academy of Science, Warsaw.
The “Sant Maral” Foundation (SMF) was established in September 1994 as a public benefit, self-governing, non-profit NGO. The founders of the Foundation formulated its main goal as to contribute to Mongolia’s social development geared towards the creation of a society based upon the principles of freedom, justice and democracy.
Under Sumati leadership Sant Maral has conducted numbers of opinion polls, market and research projects. For 15 years political surveys of Sant Maral have been funded by the Konrad Adenauer Foundation of Germany. Among other SMF clients are political parties, Khan Bank, World Bank, EBRD and Asia Foundation.

Board of Directors 
Achit-Erdene Darambazar, Mongolia International Capital Corporation
Achit-Erdene Darambazar has been the President of Mongolia International Capital Corporation (MICC) since 2005, - the first investment bank offering corporate finance, stock underwriting, and brokerage services in the country.Achit Erdene has been an innovator in the Mongolian financial sector and spearheaded many of the largest and most important recent finance transactions in Mongolia. Achit- Erdene completed a Master’s degree in International Relations from Columbia University and a Bachelor’s degree from Middlebury College.Achit-Erdene is fluent in English and Russian and proficient in Japanese and Korean.

T.Amarzul, Petro Matad
A Mongolian citizen, educated in Singapore Amarzul has worked in the Mongolian Government’s Foreign Investment and Foreign Trade Agency (FIFTA). She then joined the resources sector in Mongolia, holding senior management positions in private sector resource companies.Amarzul is the Executive Director of Petro Matad LLC, which is the first Mongolian Company to be granted a Production Sharing Contract with the Mongolian Government to explore for petroleum over Block XX, a petroleum Block in the far eastern part of Mongolia.

Arshad Sayed- Peabody Mongolia and India
Mr. Sayed has responsibility for managing all of Peabody’s businesses in Mongolia and India. Sayed recently completed a four-year appointment as Country Manager and Resident Representative for The World Bank in Mongolia, where he was responsible for policy and program negotiations; developing new lines of business for the bank; and coordinating relationships with the private sector and government.  Sayed represented The World Bank in various positions for more than 15 years.  He served in the bank’s Corporate Strategy Group leading innovation and strategy initiatives, including the globally recognized Development Marketplace program – profiled in the Harvard Business Review as a best practice program in social innovation.  As Senior Strategy and Operations Officer in the Office of the Vice President for Europe and Central Asia, Sayed assisted in oversight of operations and strategy for 24 countries.  His prior experience includes founding a start-up company and working for the Government of Maharashtra in India.
Sayed holds degrees in economics and finance from Bombay University. As a National Scholar, a Master of Public Administration degree from Columbia University in New York, and successful completion of an executive leadership program at Harvard University.Peabody Energy (NYSE: BTU) is the world's largest private-sector coal company, with 2010 sales of 246 million tons and nearly $7 billion in revenues. Its coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity.

Betina Moreira Infante, Breakthrough PR
Betina has worked in public relations, development communications and outreach in the Americas, Europe and Asia for the past 20 years. In Mongolia, Betina established Breakthrough PR in 2008, and signed a strategic partnership with Ogilvy PR Worldwide in 2011. Betina and her team work with mining, energy, infrastructure, banking and finance to advance corporate public relations and stakeholder engagement that positions and brands clients.   She and her team have helped to accentuate image and identity for corporate clients in Mongolia, and in foreign financial centers where they have IPO'ed.  Before Breakthrough, Betina has assisted private clients, governments and institutions realize goals and objectives.  In Mongolia, she established The Asia Foundation’s Outreach and Communications Office where she and her team assisted government agencies to conceive and implement communications strategies on hot topics, such as corruption & governance, and trafficking in persons.  During the prior decade, Betina helped to institutionalize development outreach and communications functions as a fundamental component of U.S. foreign policy. At USAID she pioneered "Development" communications in Serbia as the Milosevic era ended and the country turned a corner towards European integration. In Asia, she spearheaded initiatives that advanced soft diplomacy, and managed crisis communications in the aftermath of the Aceh Tsunami and Pakistan Earthquake.  Betina's communications skills and acumen helped shape public opinion towards the United States, and other countries for which she has worked on "sovereign public relations."  
Such efforts implemented while working with a private Madison-Avenue PR firm landed Bulgaria's government and business leaders on CNN, CNBC's Power Lunch and on the front pages of the Financial Times and Wall Street Journal, contributing to the country's rapid accession to the EU. She has worked in national capitals and in rural communities in Eastern Europe, Sri Lanka, Indonesia and Brazil, engaging the private sector and government officials in a constructive dialogue with their stakeholders.
Betina was born in Washington, D.C. and grew up in Buenos Aires, Rio de Janeiro, Geneva, and the Washington, D.C. area. She has an M.A. in Urban Planning from the University of California in Los Angles (UCLA), and a B.A. in International Affairs from George Mason University, Virginia.

Bat-Ochir Dugersuren, CEO, XacBank
Mr. Bat-Ochir Dugersuren has served as the Chief Executive Officer since January 2011. He has held managerial positions with XacBank and TenGer for 13 years and has extensive banking experience in corporate investment, microfinance, management and business development.
Mr. Bat-Ochir started his career with us as a Financial Advisor for the MicroStart Project, UNPP in 1998 and was promoted to become the Financial Director of X.A.C. Finance Company (our predecessor) in 2000. Between 2001 and 2006, Mr.Bat-Ochir Dugersuren was appointed as the Vice President of the Finance and Accounting Division and he served as our First Deputy Chief Executive Officer between 2009 and 2011. He has also served as the Chief Investment Officer at TenGer between 2009 and 2010, before returning to us.
Mr.Bat-Ochir Dugersuren obtained a Master’s degree in Business Administration from the International Business School, Brandeis University, Boston in 2008.

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Bold Baatar, Goldstream Mongolia
Mr. Bold Baatar is a Managing Director of Goldstream Mongolia, which is a gold mining and exploration company. He also serves as Chairman of Mongolian Stock Exchange, an advisor to Minister of Foreign Affairs G. Zandanshatar on Foreign Investment and holds other leadership positions in non-government organizations such as Mongolian Art Council, Business Council of Mongolia and others. Mr. Bold started his career on Wall Street with JPMorgan in 1998 where he was most recently senior banker in Investment Banking with a focus on Russia, CIS and Mongolia. He also worked in the Financial Sponsor Group in New York originating and executing LBO, M&A, IPO and debt/equity capital market transactions for large private equity clients such as Blackstone, Warburg Pincus, KKR, Apollo and others. He has executed and closed over 30 transactions in Europe, US and Asia. From 2009-2011 he worked as CEO of Newcom Group and as a Chairman of Mobicom and Eznis Airways and lead Newcom's efforts in the development of first wind power generating project. Mr. Bold also advised Mongolian Government and private Mongolian companies on attracting foreign investment.
 
BolorBolor Jargalsaikhan Artan, Newcom Group
Mr. Bolor started his career with Newcom in March 2013 as the Chief Financial Officer in charge of finances for the group's portfolio and projects. In January 2014 he was promoted to the position of the Deputy CEO.

Mr. Bolor is an accomplished professional having worked as the fund manager at RSI Asset Management SA based in Geneva from 2006 to 2011. He was in charge of a long-only equity fund called Sirius Asia ex-Japan listed in Luxembourg (EC UCITS III) and focused on the Asia Pacific region excluding Japan and Australia/New Zealand with freedom of movement between the markets and sectors. He formulated and implemented the fund's investment strategy with regards to the stated objectives and constraints using the investment process comprised of a top-down macro approach to country and sector allocation, followed by a bottom-up stock selection. Prior to that, he worked as an investment analyst and in marketing/administration at the same company. Mr Bolor has extensive knowledge of financial markets including Asia Pacific equities, commodities, derivatives on the currency, interest rates and equities as well convertible bonds in India, Japan and Taiwan. Mr. Bolor has extensive educational background in finance having earned a BBA degree in Finance and Acct (Honors) at Webster University, Geneva as well as an MBA from the same university. Also, he passed CFA level 2 exam in 2004. He speaks fluent English, Russian and French.


 

Chris Cowan, Erdene Resources Development Corp
Chris Cowan is Vice President, a Director and one of the founders of Erdene Resource Development Corp, a Canadian based company that has been conducting mineral exploration in Mongolia since 2002. Erdene is currently focused on outlining a large molybdenum/copper deposit in the southwest Gobi and conducting coal exploration throughout Mongolia under an alliance agreement with Xstrata Coal.
Mr. Cowan has most recently acted as a minerals consultant providing services to exploration and mining companies worldwide since 1990. He previously spent 28 years with Falconbridge Limited in a variety of exploration, production, senior management and Board positions of affiliated public companies including Director of worldwide Exploration, President of United Keno Hill Mines and Chairman of Indusmin Ltd.
Chris holds a MSc in Geology and is a registered Professional Engineer (Ontario). He first came to Mongolia in 1997.
 

Daniel Mahoney, MahoneyLiotta  LLC
Daniel has worked and resided in Mongolia since 1997 as a partner in the law firm of Lynch & Mahoney.  Mr. Mahoney received his Bachelor of Science in Management degree, with high honors, from Tulane University of Louisiana, where he was a member of the Tulane Scholars and Honors Program and Beta Gamma Sigma honorary business fraternity.  He then received his Juris Doctor degree, with high honors, from George Washington University in Washington DC.
Lynch & Mahoney advises and assists clients in structuring business transactions and relationships and in accessing the capital markets to obtain financing for ventures and projects in Mongolia.

B.Enkhbat, CSD Consulting
Enkhbat recently became the member of the CSD Consulting which was founded by him in 1997 just after he has served in the capacity of the CBD Officer of Just Group LLC since 2007. Formerly, he has worked in TDB, ChKBank and Savings Bank. He was CEO of Mongol Daatgal, local insurance and reinsurance company.
Enkhbat obtained his MBA from the Australian National University and completed several training programs in management. He completed his bachelor's degree in International Relations and Diplomacy in Moscow.
 
 
U.Ganzorig, Mandal General Daatgal LLC
Mr.Ganzorig has been CEO of a leading insurance company in Mongolia. He has previously been a senior banker and advisor to large banks in Mongolia.
Mr.Ganzorig is the President of the Mandal General Daatgal LLC, which is the largest insurer in Mongolia  in terms of equity and 3rd largest insurance company in terms of asset. Mandal General Daatgal LLC is introducing innovative risk management product through multi-national experienced team.
Mr.Ganzorig has a postgraduate degree in Financial management from Maaschricht School of Business in Netherlands, and BBA in accounting from ICB in Mongolia. He holds ACI Dealing certificate. Ganzorig is an independent Director at Mongolian Stock Exchange.

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Dr GRAEME HANCOCK, President and Chief Representative, Anglo American Development LLC, Mongolia
Dr. Hancock's experience in the mining sector includes exploration and mining geology as well as financial analysis and valuations of mining and exploration projects. He also has significant experience in mining policy and regulation in a range of countries throughout Asia and the Pacific.
He worked for 16 years in Papua New Guinea including a period as Director of Mines for the Government of Papua New Guinea, during which time he led a number of initiatives related to the sustainable development of mining impacted communities.
Prior to joining Anglo American Dr. Hancock was Chief Operating Officer at Erdenes Tavan Tolgoi JSC, a large state-owned coal mining company in Mongolia. His prior experience also includes being Director for Strategy and Business Development at Rio Tinto in Mongolia, a senior mining sector specialist at the World Bank, a senior civil servant, an academic and consultant. He holds a Masters Degree in Earth Sciences from New Zealand, and a PhD in Mineral Economics from the University of Queensland, Australia
D. Hulan, Tavan Bogd
Hulan is Executive Vice President, Tavan Bogd Group of Companies which she co-founded with her husband, Ts. Baatarsaikhan. Formerly she was Vice President, Trade and Development Bank, and Sales Manager of the representative company of Gobi Cashmere in Tokyo, Japan. Hulan obtained her Bachelors degree in International Economics (Diploma with Excellence) at Moscow Finance University and an MBA at Mongolian National University.
Tavan Bogd Group is a diversified enterprise with interests in manufacturing (Mongolia’s largest flour mill by capacity); trade & services (Fuji film photo, Xerox, and Volkswagen); consumer goods (foods and household goods including those from Nestle, Heinz and Colgate Palmolive); travel & tourism (Kempinski Khan Palace, Juulchin Travel); and real estate & property.
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Harris Kupperman, Mongolia Growth Group
Harris Kupperman is the founder of Praetorian Capital, a hedge fund focused on using long-term macro trends to guide stock selection. Mr. Kupperman is also the Chairman and CEO of Mongolia Growth Group (YAK: Canada and MNGGF: USA) a publicly traded company focused on gaining leverage to the rapid growth of the Mongolian economy. In addition, Mr. Kupperman is the chief adventurer at adventuresincapitalism.com and a contributor to leatherapronletter.com.


Mark Bailey, Leighton LLC

Mark is the Executive Director of Leighton LLC in Mongolia. He holds an Engineering degree (civil) and has more than 30 years experience in the mining industry of which the past 27 years have been with the Leighton Group. Mark has spent 11 years in Kalgoorlie, Western Australia before taking on the role of Operations Manager and Mining Manager in Perth and as the Regional Manager – Mining, was instrumental in building a mining business for Leighton Asia Limited while based in Hong Kong. He has extensive experience at the operational, technical and corporate levels of the contract mining industry. Over the years, he has successfully delivered the safety, environmental, productivity and commercial objectives for over 25 significant mining projects covering gold, nickel, iron ore and coal. He has been the driving force behind the implementation and success of numerous alliance/relationship styled contracts which have delivered the safest and lowest cost production, achieving a win/win outcome for both Leighton and the Client.Mark resides in Mongolia and is responsible for  growing Leighton business there. In addition, Mark is an honorary member of Rotary and in 2005 he was awarded a Paul Harris Fellow for his service to the community.


Norihiko Kato, CEO, Khan Bank

Norihiko Kato started serving Khan Bank as Acting CEO in November 2011 and was appointed CEO in September 2012.  In 2009 and 2010 he worked at Khan Bank as Senior Advisor and then Managing Director for corporate banking.  Norihiko has extensive banking business experiences of 28 years at The Bank of Tokyo-Mitsubishi UFJ (BTMU) in corporate banking and corporate planning.  He took management positions at BTMU in the Middle East, the Netherlands, the USA and Japan.  Norihiko obtained BA in economics from University of Tokyo and MBA from UCLA.  He has wife and two sons.  Khan Bank is the leading bank of Mongolia.  It has the largest branch network of 512 online offices throughout the country.  With its 4,300 professional staff, Khan Bank provides its 1.8 million customers in all parts of the country with innovative banking services.


J.Od, MCS Group
Od is President of MCS Group of Companies. He previously worked as 1st Secretary, Mongolian Embassy in Washington DC and Foreign Affairs Counsel to Prime Minister of Mongolia. He graduated from Institute for International Relations (Moscow, Russia) and Institute for Foreign Affairs of Oxford University (UK). He also serves as Honorary Consul to Denmark.
The MCS Group was founded in 1993 as the first Mongolian private consulting company in the energy sector. The company has successfully expanded its business operations in such diversified fields as energy and infrastructure, information and communication technology, beverage manufacturing and distribution, wholesale and retail, property development, construction and printing. The MCS Group has over 3,100 employees and has been ranked as one of the top five taxpayers for the last several years.

 
Stephen J. Potter, Wagner Asia
Steve joined Wagner Asia Equipment as General Director in August 2011 after 40 years of management experience with Caterpillar and Caterpillar Dealers in 10 countries spanning the UK, Middle East and Asia.  Steve earned a BA (Hons) in Economics from the University of Keele, an MBA from the Scottish Business School, University of Edinburgh. He also has a Mining Diploma from the Colorado School of Mines and Safety & Environmental Diploma from the Indonesian Ministry of Mines.Wagner Asia Equipment is the authorized dealer for Caterpillar mining, construction and power generation equipment and since commencing operations in Mongolia in 1996 has become the largest distributor and rental company in the country, with a reputation for quality products and support services.The company runs the largest technical training institute in the country and typically graduates 200 Mongolian apprentice technicians annually. Wagner also operates he largest equipment leasing company in Mongolia and is a leading automotive distributor representing Ford and Land Rover.

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TENGIS Garamgaibaatar, Chief Executive Officer , Monroad LLC
Tengis Garamgaibaatar is the Chief Executive Officer of Monroad LLC elected in February, 2013. He has been working at Monroad LLC since 2007. He has started from Engineer assistant and working up. Monroad LLC is one of the first and largest companies in Mongolian Road Sector.
G. Tengis completed a Master of Science from International Business school, Oxford Brooks University and Bachelor of Science from Budapest University of Technology and Economics. He is fluent in English, Russian and Hungarian.

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Tumentsogt Tsevegmid "Tumen", Chief Representative, GE
Mr.Tumentsogt Tsevegmid holds Master's in Electrical Engineering from Moscow Power Engineering Institute (Russia, 1993), and Master's in Public Affairs from Indiana University (USA, 2001). Tumen was appointed as a Chief Representative of General Electric (GE) in Mongolia in May 2011. His responsibilities include representing, promoting and protecting GE's interests, carrying out business liaison, conducting market research and study, exploring and developing business opportunities in Mongolia.
Tumen worked for the World Bank from 2007 to 2011 and managed projects in energy, renewables, urban, water supply, and air pollution and contributed to several analytical studies.
Tumen has experience of working for the Government of Mongolia. Tumen worked as an Advisor to Minister of Fuel and Energy of Mongolia. Also he worked for several other government agencies, including State Property Committee and Ministry of Infrastructure of Mongolia, where his responsibilities included energy policy & planning, restructuring, private sector participation, management of state owned assets, NEA regional energy cooperation. Also Tumen served as a Regulator (Commissioner) at the Energy Regulatory Authority (ERA) of Mongolia, where he dealt with issues of power sector regulation, licensing of energy activities, tariff setting, consumer rights, development of power market rules, etc.
His professional interests include business and economic development, regional cooperation and integration, globalization, issues related to different aspects of infrastructure, access, affordability, social and environmental, government policy, state and market relationships, and development theories and other. Tumen was born in 1968 and speaks three languages: Mongolian, Russian and English. He lives in Ulaanbaatar, Mongolia, with his wife and four children.