Source: MICC                       Date: 17 March, 2011

MICC, Mongolia’s leading investment bank, has appointed Mr. Ean Alexander, Managing Director. His primary focus will be on establishing and managing MICC’s fund management business, while his other activities will include developing MICC’s metals and mining investment banking business with Mongolian and foreign clients. Based in Ulaanbaatar, Mr. Alexander will report to Mr. Achit-Erdene Darambazar, President of MICC.

"Ean brings to MICC a breadth of experience in mergers and acquisitions, corporate finance, asset management, capital markets and deep understanding of the metals and mining, and oil and gas sectors," said Mr. Darambazar, commenting on the appointment. "He has an outstanding track record in these endeavors and I expect our clients to benefit greatly from his expertise. We look forward to his contributions."

Mr. Alexander joins MICC from Macquarie Capital where he was most recently in Natural Resources, Mergers and Acquisitions group. Prior to that Mr. Alexander worked at both Rio Tinto, and InterContinental Hotel Group.