Ganhuyag Chuluun


Ganhuyag Chuluun

Executive Chairman, Equity Investment Trust

Ganhuyag started his career at the Mongolian Stock Exchange as a floor supervisor in 1991. He joined the Central Bank’s supervision division after graduating from the Budapest University of Economic Sciences (Corvinus University) in 1997. He was hired by UNDP’s MicroStart Pilot Project in 1998, and then became the executive director of Mongolia’s first non-bank financial company XAC in 1999. XAC subsequently merged with another NBFI, USAID funded Goviin Ekhlel, to form XacBank, a commercial bank with a social and development mandate. He has held the position of the CEO of XacBank since its founding until 2009, when he moved on to lead Tenger Financial Group, a parent company.

In December 2010, Ganhuyag was appointed as a Vice Minister of Finance of Mongolia and served until 2012. Ganhuyag is currently serving as the CEO of Ard Financial Group. Ganhuyag has served as honorary consul of Hungary in Mongolia between 2006 to 2012 and was appointed as advisor to Prime Minister of Mongolia, Batbold Sukhbaatar, in 2009. Moreover, he served on the Board of the Microfinance Center (MFC) in 2007 and the Global Agenda Council (GAC) on social entrepreneurship of Schwab Foundation in 2009. In 2009, he was nominated to the Forum of Young Global Leaders of the World Economic Forum.

In 2010, he was chosen as president of the Mongolian Students Union. He has initiated a great number of campaigns, projects and other social activities, including hosting the 11th MFC Conference of Microfinance Institutions in Ulaanbaatar, Mongolia. Ganhuyag is also a founder of the Mongolia Economic Forum which started in 2009.