Author: Nasantsatsral B

Mr. Erdenebayar Batchuluun graduated from the School of Economics of the National University of Mongolia with a bachelor’s degree in Financial Management from 2004 to 2008 and a master’s degree in Banking and Finance from the University of Luxembourg from 2015 to 2017, a management program at New York University in 2016. He has a CFA level 2 and ERM level 1 international certificate.

He has more than 14 years of professional experience in the banking and finance sector. During his tenure, he has fulfilled positions as a financial analyst at XacBank from 2008 to 2010, a senior financial analyst from 2010 to 2012, Head of the Financial Management department from 2012 to 2015, specialist at Schroder’s asset management company from 2016 to 2017, Head of the Product/Business development department at XacBank from 2017 to 2020, Chief Executive Officer at Credit bank in 2020, and as Chief Executive Officer at TransBank from 2020 to 2022.

Mr. Erdenebayar has served as a member of TransBank’s Board of Directors since January 2, 2023, and was appointed Chairman of the Board in October 2023. Effective August 26, 2024, he has been appointed as the Interim Chief Executive Officer while also maintaining his position as a member of the Board.

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.