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.

B. Byambasaikhan, CEO, Erdenes Mongol LLC, Chairman, the Business Council of Mongolia, World Economic Forum Young Global Leader 2014
Byambasaikhan is the CEO of Erdenes Mongol LLC, the nation's largest investment holding company that comprises of Erdenes Tavan Tolgoi JSC, Oyu Tolgoi LLC, Erdenet Mining Corporation, Shivee Ovoo JSC, and Baganuur JSC. He also chairs Business Council of Mongolia representing 260 active companies.
In 2013, Byambasaikhan co-founded NovaTerra LLC, an investment, project management and financial advisory firm in UB. Developed and built first wind farm / IPP in Mongolia as CEO of a Mongolian technology investor. Financed energy projects in Central Asia with Asian Development Bank. Currently: Adviser (ex-officio) to the President of Mongolia and the Prime Minister; board member: Arts Council of Mongolia; Zorig Foundation USA, chair: Mongolian Economy magazine advisory board. Honorary Consul of South Africa in Mongolia. Vice-president of the Mongolian Archery Association. Sponsors the Environmental Fellowship Program. Graduated the George Washington University and the National University of Mongolia.
Byambasaikhan is an infrastructure project financier and business executive, managed investments for public and private sector clients. Structured power plant, transmission and distribution investment transactions ($4bln) and lead multidisciplinary project teams in emerging Asian markets. Financed power projects and corporate deals through international and bilateral financial institutions, ECAs and carbon funds. Chaired the board of Mongolia's largest telecom company. Established JVs with GE, SoftBank. Structured financing for a copper processing plant in Mongolia. Appreciates delicate cross cultural communications in government and business. Avid supporter of regional energy trade, working hard to establish the Asia Super Grid (Northeast Asian Power Market).
Randolph Koppa, Trade and Development Bank, Vice Chairman 
Randolph was elected as Vice Chairman of the Business
Council of Mongolia in October 2013. He 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, NovaTerra - 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, Vice Chair of the Arts Council of Mongolia and various other corporate and NGO boards. Pete is the founding Chairman of American University of Mongolia (AUM), which intends to offer a liberal arts based, U.S.-style education in Ulaanbaatar.
 Laurenz Melchers, MSM -Former Chairman
Laurenz Melchers is founder and Chairman of Mongolian
Star Melchers Company (MSM). He is a resident of Mongolia since 1997. Laurenz was Chairman of BCM from 2010 to 2012.
MSM (, founded in 1998, is a Trade and Service company, active in the following fields of business: Mining & Construction Supply, Automotive Retail and Service, Chemicals Formulation and Supply, Agricultural Machinery Sales and Service and Beverage Distribution. MSM is known for quality of Services and Products and is the General Agent in Mongolia for many reputable conglomerates including: Mercedes-Benz, BASF, Atlas Copco, Moet Hennessy and others. Laurenz is also Chairman of the Advisory Board at Khan Investment Management in Singapore and acts as Mongolia country representative for the German Asia- Pacific Business Association (OAV).
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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.
bold en BOLD Magvan / CEO, TFG and XacBank
TenGer Financial Group’s (TFG) Board and The Board of Directors of ХacBank has appointed Mr. Bold Magvan, currently serving as CEO of TFG to the role of Chief Executive Officer of XacBank, effective from July 10, 2014.
Bold Magvan has been working as the CEO of TenGer Financial Group since January 2011. Prior to his current appointment, between 2005 and 2010, Bold worked for XacBank for 2 years as the CEO and for over 3 years as the President. 
Bold is a senior banking professional with more than 20-years expertise in private, public and multinational financial institutions, including the World Bank and the International Monetary Fund. From 1996 to 2000, Bold was the Deputy Governor of the Bank of Mongolia (Central Bank). In his prior professional career, Bold Magvan served as Deputy Director at the Market Research Institute, CEO of the Mongolian Export-Import Bank, member of the boards of the International Investment Bank and the International Bank for Economic Cooperation in the Russian Federation and advisor for Da Afghanistan Bank (Central Bank), Islamic State of Afghanistan. Bold holds a Master’s in International Affairs degree with a major in economic policy management from the Columbia University, New York. Bold is the chairman of the board of Tianrong credit, a microfinance company in Urumqi, Xinjiang, China since 2012. 
Bold has served as Vice President of the Mongolian Bankers Association since 2007 and was elected as President in December 2011. Bold is the Honorary Consul of the Republic of Iceland in Mongolia since 2008.
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.
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's leadership Sant Maral has conducted numbers of opinion polls, market and research projects. For
15 years political surveys of Sant Maral were funded by the Konrad Adenauer Foundation of Germany. Among SMF clients are political parties, Khan Bank, World Bank, EBRD and Asia Foundation. Sumati served as Vice Chairman of BCM from 2010-2012.
picAndrew Woodley, Oyu Tolgoi LLC
Andrew joined Oyu Tolgoi in October 2014 as President and Chief Executive Officer. He is also a member of the Board of Directors of Oyu Tolgoi LLC.
He comes to the role with over 19 years of experience with Rio Tinto in a range of mining, minerals processing, and smelting leadership and commercial roles. Prior to joining Oyu Tolgoi, he was Managing Director for Rio Tinto Coal Mozambique and Country Head for Rio Tinto in Mozambique. He has held the role of General Manager Operations at the 7.5 mtpa capacity Hail Creek open-cut coking coal mine in the Bowen Basin, Queensland, and has served as the Executive Assistant to the Chief Executive and Chairman of Rio Tinto.
Prior to joining Rio Tinto, Andrew worked in exploration in Canada, as well as management consulting in mining, and manufacturing in Australia, New Zealand, Malaysia and the USA. He has established and operated three business ventures, and has a Mining Engineering degree from the University of New South Wales, Australia, and an MBA from Wilfrid Laurier University in Canada.
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 Board member & Executive Director of Petro Matad. Petro Matad Limited is the parent company of a group focused on petroleum exploration as well as future development and production in Mongolia. The Group’s assets consist of Production Sharing Contracts over Matad Block XX (10,340 km2 in eastern Mongolian), and Bogd Block IV and Ongi Block V (total 50,000 km2 in southwestern central part of Mongolia). It was the first substantially Mongolian owned company to list on an international stock exchange.
Arshad Sayed- Peabody Mongolia and India
As President for Peabody Energy for Mongolia & India, Mr. Sayed manages Peabody’s businesses in these countries. In addition, he serves on the Lexus Advisory Board. As a member of this exclusive group, he is helping Lexus shape the future of Lexus vehicle design, customer service and marketing. Mr. Sayed is also a Board Member of the American Chamber of Commerce, Mongolia. Prior to joining Peabody in Oct 2010, Sayed was Country Manager and Resident Representative for The World Bank in Mongolia. 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 2013 sales of 251.7 million tons and $7 billion in revenues. Its coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity.
Benoit Ribesse 1 1 Benoit Ribesse, GDF SUEZ ENERGY MONGOLIA
 Benoit Ribesse is an experienced Manager with 21 years of experience in the fields of power generation (gas, coal, and biomass) and water treatment processes.
Since 2014 Benoit is in charge of the Representative office of GDF SUEZ in Ulaanbaatar and is leading the Business Development activities in the energy sector of Mongolia. He is Managing Director of CHP5 LLC, a project vehicle incorporated by GDF SUEZ, Sojitz Corporation, Posco Energy and Newcom Group and has been actively working on the development of the Power Plant number 5 ("CHP5") project since 2011.
Before moving to Mongolia, Benoit was Vice President Operations for IPR- GDF SUEZ in Bangkok, managing the technical & operational aspects of business development activities, as well as relations with suppliers and support construction and plant design improvement.Moreover he has been actively involved in the 3 x 150MW lignite Greenfield Project of CHP5 in Mongolia, the acquisition of the 1,000MW Meenakshi coal plant in India, and the development of up to 600 MWE of geothermal power plants in Indonesia. From 2008 to 2011, Benoit was working as Vice President Operations at the Head Quarters of the GDF SUEZ Branch Energy International providing support to the Business Development Oversight process, in particular for projects such as Rabigh2 a 1200MW fuel oil PP and Riyadh PP11 a 1730MW gas fired CCGT plant in Saudi Arabia, Safi a 1200MW coal fired PP in Morocco, Shuweihat 3 a 1500MW gas fired CCGT PP in Abu Dhabi, Central Java a 2000MW coal fired PP in Indonesia, and Nghi Son 2, a 1200MW coal fired PP in Vietnam. Before joining GDF SUEZ Group, Benoit has been managing projects over a period of 14 years in the energy (generation and Rational Use of Energy), and environment (process water and sewage water treatments) sectors including design, construction and operation activities.

He holds a Master degree in Chemical Engineering from the Université Libre de Bruxelles.

Betina Moreira Infante, Breakthrough PR
Betina has worked in marketing communications, public affairs and public relations in the Americas, Europe and Asia for over 25 years. Working with private, public and non-governmental institutions, Betina has conceived and implemented communications strategies that have influenced opinions, changed behavior and built brand value.
Betina is the founder of Breakthrough Communications, a company specialized in marketing, strategic communications and public relations. Betina has worked with international clients, such as KFC, Rio Tinto, Vale, Prophecy Resources, Oracle, Herbalife, Russian Railways, the EBRD and World Bank and others, in key growth sectors, including mining, energy, infrastructure, banking, transportation and consumer goods, providing a variety of services ranging from stakeholder engagement, public relations, marketing and branding. In 2011, Breakthrough signed a strategic alliance with Ogilvy, a WPP company, expanding Breakthrough’s network and ability to service clients worldwide.
Prior to launching Breakthrough, Betina led communications teams in a number of private and public organizations, including The Asia Foundation, USAID/Serbia and USAID/Indonesia, Multi-National Strategies, Inc., Donnelly Communications and others.
Bold Baatar, Rio Tinto
Mr. Bold Baatar is newly appointed as President, International Operations of Rio Tinto Copper. He previously served as Managing Director  of  Goldstream  Mongolia,  Chairman of Mongolian  Stock  Exchange,  an  advisor  to  Minister of Foreign Affairs on Foreign Investment and holds other leadership positions in non-government organizations such as Arts Council of Mongolia, Mongolian National Mining Association 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 led 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.
А. Bolor - Newcom
In August of 2014, Mr. Bolor was promoted to CEO of 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 gold/base metal deposit in the southwest Gobi and conducting base metal exploration in southwest Mongolia under an alliance agreement with Teck Resources Limited.
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 MahoneyLiotta.   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. MahoneyLiotta  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.
U.Ganzorig, Mandal General Daatgal LLC
Mr. Ganzorig is Chairman 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 assets. Mandal General Daatgal LLC is introducing innovative risk management product through multi-national  experienced team. He has previously been a senior banker and advisor to large banks in Mongolia. 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 an ACI Dealing certificate. Ganzorig was an independent Director of the Mongolian Stock Exchange.
Dr GRAEME HANCOCK, Anglo American Development, 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 Bachelor’s degree in International Economics at Moscow Finance University and an MBA at Mongolian National University. Currently Hulan is also member of the Board of Directors of Khan Bank and Gobi Corporation, where Tavan Bogd Group has shareholding stakes. She serves as Honorary Consul of Luxembourg to Mongolia.
Tavan Bogd Group is a diversified enterprise with interests in manufacturing; trade & services; consumer goods; travel & tourism. Most recently Tavan Bogd became a sales agent of Toyota Corporation and a franchisee of KFC and Pizza Hut brands in Mongolia.
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 and a contributor to
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, 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.



Stephen J. Potter, Wagner Asia
Steve joined Wagner Asia Equipment as Managing 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 the largest equipment leasing company in Mongolia and is a leading automotive distributor representing Ford and Land Rover. Mr. Potter is also Executive Director of Wagner Asia Group Ltd and South Gobi Mining Services LLC and sits on the Board of the USAID-BPI sponsored QSDC, an NGO that helps develop Mongolian SME’s.
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.
Tumentsogt Tsevegmid - General Electric
Mr. Tumentsogt Tsevegmid is Executive Director of General Electric (GE) in Mongolia since 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. Some recent projects include supplying wind turbines for Mongolia’s first grid connected Salkhit wind park, supplying SuperSkids locomotives for Ulaanbaatar railways, supplying of healthcare equipment etc.
Tumen worked at 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 held various positions at the Government of Mongolia, including Advisor to Minister of Fuel and Energy of Mongolia, Ministry of Infrastructure of Mongolia and State Property Committee and his responsibilities included energy policy & planning, restructuring, private sector participation, management of state owned assets, NEA regional energy cooperation.
Tumen served as a Commissioner at the Energy Regulatory Authority (ERA) of Mongolia and dealt with issues of power sector regulation, licensing of energy activities, tariff setting, consumer rights, developing power market rules.
Tumen holds Master’s in Electrical Engineering from Moscow Power Engineering Institute (Russia, 1993), and Master’s in Public Affairs from Indiana University (USA, 2001).


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