Appointment of an independent non-executive director on the Board of Directors
XacBank announces that Ms. Saran Binderiya was approved as an independent non-executive director of the Board of Directors of XacBank with immediate effect at the joint Annual General Meeting of the shareholders of TenGer Financial Group and XacBank held on 24 May 2012.
Ms. Saran Binderiya is a senior banking professional with over 30 years experience in the banking and financial sector of Mongolia. During her professional career, Ms. Saran worked at the State Bank of Mongolia (Mongolbank), Trade and Development Bank of Mongolia and Capitron Bank. Her most recent engagement was with the World Bank’s Second Private Sector Development Credit Program as Project Coordinator.
XacBank welcomes Ms. Saran Binderiya on the Board of Directors and wishes her success during her service as an independent non-executive director.
As of the date of this announcement, the Board of Directors of XacBank consists of Mr. Chuluun Ganbold, being the chairman, Mr. Bat-Ochir Dugersuren, being the executive director, and Mr. Bold Magvan, Mr. Arvid Tuerkner, Ms. Erdenejargal Perenlei, Mr. Michael Madden, Mr. Richard Ranken and Ms. Sarah Djari, being the non-executive directors.
24 May 2012
XacBank
