XACBANK WELCOMES NEW CEO BOLD MAGVAN
In relation with the holding company restructuring Tenger Financial Group’s (TFG) Board and The Board of Directors of ХacBank has appointed Mr.Bold Magvan, currently serving as CEO of TFG to the role of Chief Executive Officer of the Bank, effective from July 10, 2014.
Since 2011 Mr Bold Magvan has been serving as a CEO of TenGer Financial Group and member of board of directors. Prior to TFG, he worked at XacBank as President and CEO for over 5 years.
Bold is a senior banking professional with more than 20-year expertise in public and private global financial institutions, including World Bank and International Monetary Fund. From 1996 to 2000, Bold was the Deputy Governor of the Bank of Mongolia (Central Bank).
Bold holds a Master’s degree in International Affairs with a major in economic policy management from the Columbia University, New York, USA.
Bold serves as President of the Mongolian Bankers Association.
Bold serves also as the Honorary Consul of the Republic of Iceland in Mongolia.
We are very pleased to welcome Mr Bold Magvan to XacBank, and look forward to him leading the organisation through its next phase of growth.
