Board of Directors

Board of Directors

Board of Directors

1. Munkhtsetseg

Mrs.Munkhtsetseg Chultem

Chairperson of the Board of Directors
1. Munkhtsetseg

Mrs.Munkhtsetseg Chultem

Chairperson 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 Director of Golomt Bank in December 2012.

2. Shvartsenbah 1

Mr. Urs Ernst Schwarzenbach

Board Director

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 Director of the Board since 2011.

3. Munkhtur

Mr.Munkhtur Dagva

Board Director
3. Munkhtur

Mr.Munkhtur Dagva

Board Director

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 wad 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 Director of the Board in 2012.

4. Unenbat

Mr. Unenbat Jigjid

Board Director
4. Unenbat

Mr. Unenbat Jigjid

Board Director

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 Director of the Board of Golomt Bank in 2010 and has been appointed as a Director of the Board in 2020.

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Mr. Ganjoloo Ochirpurev

Board Director

Mr. Ganjoloo graduated from the Free University of Berlin in Germany with a master and PhD degrees in Economic Theory. He has a degree of certified accountant in the United Kingdom of Great Britain and Mongolia.

He has worked in Germany and Mongolia branches of PwC Audit Company, and previously worked as CFO of Bodi International LLC.

He has held the position of CEO of Golomt Financial Group LLC since 2016 and was appointed as a Director of the Board in 2022.

6. Dvayer

Mr. James Bernard Dwyer

Independent Director
6. Dvayer

Mr. James Bernard Dwyer

Independent Director

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 and Mongolian Fintech Group and Sendly JSC subsidiary. He is also Partner and Board member of a Mongolian Business Database.

He is also the Director of the Mongolian Education Foundation.  Mr. Dwyer joined the bank’s Board in 2018.

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Mr. Alexander Picker

Independent Director
tuz

Mr. Alexander Picker

Independent Director

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.

Mr. Alexander Picker has been an Independent Director of the Board since 2021.

RVZ

Mr. Robert W. van Zwieten

Independent Director
RVZ

Mr. Robert W. van Zwieten

Independent Director

Mr. Robert W. van Zwieten holds law degrees from both Leiden University in the Netherlands and Columbia University School of Law in the United States, and obtained his MBA degree from the University of Chicago Booth School of Business.

Mr. van Zwieten brings more than three decades of experience spanning both global financial markets and sustainable development. He is currently a Founding Partner of Route17, an independent firm advising on SDG-aligned institutional investment strategies, and CEO of The Serendra Group, an emerging markets advisory firm. He is a fellow of the Climate Policy Initiative, and serves as an Ambassador of the World Benchmarking Alliance, board member of several companies, and senior advisor to an Asian family office.

Prior to this, Mr. van Zwieten was the President and CEO of EMPEA (now renamed GPCA), the global industry association for private capital in emerging markets.
Before this, he served as Director of the Private Sector Capital Markets Division at Asian Development Bank, following a global career in senior leadership positions at firms such as Singapore Exchange, Lehman Brothers, General Electric and ABN AMRO Bank.

Mr. van Zwieten was appointed an Independent Director of the Board in 2023.

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.

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Ms.Tuya Altangerel

Director of Internal Audit Division
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Ms.Tuya Altangerel

Director of Internal Audit Division

Ms. Tuya received a Bachelor’s degree in Financial Management from the University of Humanities in 2008, and a Master’s degree in Financial Management from the Australian National University in 2015.

Ms. Tuya has been working between 2008-2017 as an Auditor of Internal Audit Division, 2017- 2019 as a Senior auditor of Information Technology Audit Department, 2019-2023 of Remote Audit, Quality Assurance Department of Golomt Bank.

She was appointed as a Director of Internal Audit Division since 2023.

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