Board of Directors

Board of Directors

Board of Directors

1. Munkhtsetseg

Mrs.Munkhtsetseg Chultem

Chair of the Board of Directors
1. Munkhtsetseg

Mrs.Munkhtsetseg Chultem

Chair of the Board of Directors

Mrs. Munkhtsetseg graduated from the 3rd Soviet High School in 1988, the Polytechnic University in 1993 with a degree in Mining Electromechanical Engineering, and the Johns Hopkins University in 2001 with a master’s degree in Business Administration. She graduated Oxford University of the United Kingdom in 2015 and Harvard University of the United States in 2016.

She started her career from the Mongolian Stock Exchange in 1996, and continued with consulting, managerial and executive roles at the World Bank, Asia Foundation, and Nepko Publishing Company.

She founded Toim magazine in 2010. Mrs. Munkhtsetseg was appointed as a Board member of Golomt Bank in December 2012.

2. Shvartsenbah 1

Mr. Urs Ernst Schwarzenbach

Board member

Mr. Schwarzenbach graduated from the University of Zurich. He worked for the Union Bank in Zurich in 1968 and in London in 1972. He started his own business in 1976. He was awarded an Honorary Doctorate of Law from St. Francis Xavier University in Nova Scotia, Canada in 2000.

He is the Honorary Consul of Mongolia for the German speaking part of Switzerland since January 2010.

Mr. Schwarzenbach has been a member of the Board since 2011.

4. Unenbat

Mr. Unenbat Jigjid

Board member
4. Unenbat

Mr. Unenbat Jigjid

Board member

Mr. Unenbat holds Bachelor’s degree in Economics and Statistics from Moscow State University of Economics and Statistics (1985), and Master’s degree in International Affairs from Columbia University, USA (1994).

He started his career at the Bank of Mongolia in 1990 and has extensive experience in banking and finance sector, particularly, in the field of monetary policy and research. He was the Executive Director of the Mongolian Bankers Association for 5 years each, in 2000 and 2015 respectively.

Mr. Unenbat also worked as the Executive Director of the Corporate Governance Development Center and the Head of the Finance Department at the University of Finance and Economics of Mongolia. He currently works as a Consultant for the Corporate Governance Development Center. Mr. Unenbat was appointed as an Independent Member of the Board of Golomt Bank in 2010 and has been appointed as a Member of the Board in 2020.

5. Bolormaa

Mrs. Bolormaa Luvsandorj

Board member

Mrs. Bolormaa holds a Bachelor’s degree in Banking and Finance from National University of Mongolia, a Master’s degree in International Economics from Virginia Polytechnic Institute and State University and a Master’s degree from International University of Japan. She is a Chartered Financial Analyst (CFA).

She started her career at Ardyn Bank in Mongolia in 1992, and expanded her professional experience at Deutsche Bank New York, USA and Tokyo, Japan in the field of investment, international market and risk management for nine years.

She has been working for Golomt Financial Group LLC since 2015, and has more than 20 years of banking and financial experience. Mrs. Bolormaa was appointed as a Board member in March 2020.

3. Munkhtur

Mr.Munkhtur Dagva

Board member
3. Munkhtur

Mr.Munkhtur Dagva

Board member

Mr. Munkhtur holds a Bachelor’s degree in Financial Management from National University of Mongolia – School of Economic studies (1997), and a Master’s degree in Business Administration from Oklahoma University, USA (2009).

He joined Golomt Bank in 1996 as an Assistant employee and was promoted to an Economist, Director of Credit Division, Director of Operations Division, and First Deputy Director since 2011 gaining an extensive experience. He currently serves as the Chief Executive Officer of Tsetsens Mining and Energy LLC.

Mr. D.Munkhtur became a shareholder within the Employee Stock Ownership Program and represents minority 149 shareholders of the Program, and was appointed as a member of the Board in 2012.

ganjoloo copy

Mr. Ganjoloo Ochirpurev

Board member

Mr. O.Ganjoloo graduated from the Free University of Berlin, Germany with a master’s and doctoral degree in economic theory. He is also a certified public accountant in the United Kingdom and Mongolia.

He has worked in the branches of PwC international organization which is an auditing company in Germany and Mongolia. Also he previously served as Chief Financial Officer of Bodi International LLC.

O.Ganjoloo has been the CEO of Golomt Financial Group LLC since 2016. He has been a member of the Board of Directors of Golomt Bank since 2022.

6. Dvayer

Mr. James Bernard Dwyer

Independent member
6. Dvayer

Mr. James Bernard Dwyer

Independent member

Mr. Dwyer holds a Bachelor’s degree in Business Management from Notre Dame University, and a Master’s degree in business administration from Columbia University, USA.

He has an extensive investment banking experience, as he worked as the head of cross-border M&A for Union Bank of Switzerland since 1970, also worked at Wall Street based investment banks. He was lead investment banker for privatizations of Khan Bank, and Trade and Development Bank of Mongolia in 2001. He also served as the Director of Operations of North American Business Council, and in 2007 founded the Business Council of Mongolia, served as its Executive Director till 2017.

He is an independent board member of Mandal Insurance JSC, Mongolia Growth Group LLC and Vice Chairman of Board of the Mongoljin Private Capital. He is also the Chairman and President of the Mongolian Education Fund. Mr. Dwyer joined the bank’s Board in 2018.

7. Abello

Mr. Antonio López Abelló

Independent member
7. Abello

Mr. Antonio López Abelló

Independent member

Mr. López Abelló holds a Bachelor’s degree in Law from University of Barcelona, and a Master’s degree from IESE Business School.

He is a certified lawyer of the Barcelona Law Association in Spain and is a Chartered Financial Analyst (CFA). Mr. López Abelló has over 20 years of investment banking experience and held senior positions in credit and derivatives structuring at Credit Suisse in Singapore, and at Goldman Sachs and Banque Paribas in London.

He is a founder and a managing partner of the Turms Advisors LLP, a Singaporebased investing banking firm. Mr. López Abelló has been an Independent Member of the Board since 2014.

tuz

Mr. Alexander Picker

Independent member
tuz

Mr. Alexander Picker

Independent member

Mr. Alexander Picker holds a master’s and doctoral degree in business and law from the University of Salzburg, Austria.

He started his career in 1989 with the current Austrian Bank. He has many years of management experience as risk director, chief operating officer and CEO in Die ERSTE bank, International Moscow Bank (IMB), Unicredit Bank, JSC ATF Bank Hypo Alpe-Adria Bank, HBI Bundesholding AG.

He is currently a Senior Advisor for big projects of World Bank and Chairman of the Supervisory Board of the Ipoteka Bank, Uzbekistan.
He has also been an independent member of Golomt Bank’s Board of Directors since 2021.

9. Solongo

Mrs.Solongo Zalaa-Uul

Secretary of the Board of Directors
9. Solongo

Mrs.Solongo Zalaa-Uul

Secretary of the Board of Directors

Mrs. Solongo holds a Bachelor’s degree from Sardar Patel University in Gujarat, India, in 2003, and a Master’s degree in Business Administration from the Institute of Finance and Economics in 2017. She participated in the Asia Regional Board Secretary’s Master Program in Singapore organized by International Finance Corporation (IFC) in 2017.

Mrs. Solongo has been working for Golomt Bank since 2007 at the level of Chief Executive Officer, Secretary, and Assistant. She has been the General Secretary of the bank’s Board of Directors since March 2015.

8. Odonbaatar

Mr.Odonbaatar Amarzaya

Chief Audit Officer
8. Odonbaatar

Mr.Odonbaatar Amarzaya

Chief Audit Officer

Mr. Odonbaatar holds a Bachelor’s degree in Banking Management from National University of Mongolia in 2008 and Master’s degree in Financial Management and Marketing Management from Bangalore University, India in 2013.

He was an auditor at Golomt Bank’s Internal Audit Division during 2008- 2014, Director of the Zaisan Square Settlement Center during 2014-2015, and Director of the Information Technology and Performance Audit Department of the Internal Audit Division during 2015- 2016. Mr. Odonbaatar was appointed as Chief Audit Executive in 2016.

Chief Audit Executive A.Odonbaatar served as the Board member of The Institute of Internal Auditors Mongolia Chapter during 2016-2017. After that, he served as the President and the Vice Chairman in 2018 and 2019, respectively. Since 2020, he has been serving as the Chairman of the Institute of Internal Auditors Mongolia Chapter.

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