Source: National Life Insurance                        Date: 18 May, 2011

Mr. G. Mongolkhuu has been appointed CEO of National Life Insurance Company in succession to Ms. B. Enhtungalag who resigned on personal grounds.  She has, however, agreed to remain associated with the company to assist the new CEO in its day to day running. In a statement the Board of Directors appreciated the “great diligence and professional integrity” Ms. Enkhtungalag displayed since the company was established in 2007 and her “exceptional work” in laying the foundation of the company.

Mr. Mongolkhuu is 32 years old and studied business administration at Gadsden State Community College (USA), and finance in Jacksonville State University (USA). He also held jobs in the financial sector in the USA.  He was the head of the finance department of National Life Insurance from 2007 to 2009, and CEO of MIBG Investment Brokerage Company under FSCo. Group until he took leave of absence to go to the USA in 2010 for personal reasons. The Board of Directors of National Life has expressed its confidence that he is the right candidate for the job.