Author: Nasantsatsral B

Tselmeg Batmunkh was appointed to the executive committee of TransBank on 21st of November, 2023 and serves as Deputy CEO.

Mr. Batmunkh has over 15 years of profesional experience across finance, banking and capital market industries including as tax associate with JPMorgan in its investment fund services business whom he joined as a graduate in 2008 and as finance manager with Sumitomo Mitsui Corporation’s aviation finance and leasing business from 2016 both roles were in Dublin, Ireland. He returned to Mongolia in 2018, as director of finance with XacBank, heading their financial managemend and funding division and from 2022 he served as the chief investment officer of Ashid asset management company which he co-founded to contribute to the development investment funds sector in Mongolia.

Tselmeg is chartered accountant with ACCA and has a B.A degree in international business management from American College Dublin (part of Irish American University, Delaware USA). Additionally, he has graduate diploma in investment funds from University College Dublin and Institute of Bankers as well as graduate diploma in aviation finance and leasing from Law Society of Ireland.

Batmunkh Myagmar has been appointed as the Chief Credit Officer of the Transport and Development Bank since October 16, 2023. He has 22 years of experience working in middle and senior management teams in the banking and mining industries.

Batmunkh Myagmar graduated from the School of Economics of the National University of Science and Technology with a degree in Finance-Economist and Informatics in 2001. In the same year, he started his career at XacBank as a small and medium business loan specialist. During his tenure at XacBank, he worked in various departments including the branch, Credit Management, Credit Risk Management, Special Assets, Customer Service Center of Retail Banking, Customer Management, Data Analysis, and Credit Operations of Retail Banking. He managed and successfully implemented many change and modernization projects.

In 2004, he received the title of Master of Business Administration. From 2011 to 2013, he attended the Graduate School of Banking (GSB) at the University of Wisconsin-Madison, USA. In 2016 and 2018, he attended training courses at the Sparkasse Bank Academy in Germany, where he became a trainer. He now works as a credit master trainer in the joint projects of Sparkasse Bank’s International Cooperation Fund, the Bank of Mongolia and Banking Association of Mongolia, and the Academy of Banking and Finance.

Maksat Tutan was appointed as the Chief Treasury Officer at TransBank of Mongolia on November 22, 2023.

With over 16 years of experience in banking and finance, Mr.Maksat specializes in foreign exchange and precious metal trading , as well as bank assets and financial management. His career began in 2008 at XacBank, where he served as an asset and liability Manager before progressing to roles such as Dealer and Senior dealer in 2020. Since 202 0, he has held a managerial position at Transport Development Bank JSC.

In the years 2004-2008, Maksat Tutan graduated from the University of Commerce and business with a bachelor’s degree in banking economics and accounting. He is a certified professional who has successfully completed the experience exchange program on “Reserve Management” by the Central Bank of Germany (Deutsche Bundesbank) and holds a Level 1 certificate in “Private Banking Management” from the University of Luxembourg.