Ganhuyag Chuluun Hutagt
Mongolian businessman
Ganhuyag Chuluun Hutagt (Mongolian: Хутагт овогт Чулууны Ганхуяг) is a Mongolian businessman, public figure, and former Vice Minister of Finance of Mongolia.
Career
Ganhuyag Chuluun Hutagt started his career in 1991 as a floor supervisor at the Mongolian Stock Exchange and moved on to engage in the family business a year later. He joined the Central Bank's Supervision Division after graduating from the Budapest University of Economic Sciences in 1997.
He then worked for UNDP’s MicroStart Project in 1998, initially as a Finance Manager and then as Operations Manager, before becoming founding Executive Director of Mongolia’s first non-bank microfinance company, XAC (Golden Fund for Development) in 1999.
At the initiative of Gan, as he is called internationally, XAC subsequently merged with another NBFI, USAID funded Goviin Ekhlel, to form XacBank, a commercial bank with a social and development mandate. Ganhuyag held the position of Chief Executive Officer of XacBank and its parent XAC-GE Group (currently known as TenGer Financial Group), from the founding in 2002 until 2009. He then led the international expansion effort of TenGer Financial Group, until he was appointed Vice-Minister of Finance of Mongolia in 2010. He resigned from office after his unsuccessful bid for a seat in Mongolia's Parliament in June 2012. He started in the position of the Executive Chairman of Ard Financial Group (former Equity Investment Trust LLC, or EIT) in August 2012 until August 2014 when he became the CEO of Ard Financial Group. He served as Chairman of Ard subsidiaries such as Ard Credit, Ard Insurance, Ard Securities, etc, leading the successful IPOs on the Mongolian Stock Exchange.
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This entry incorporates text from “Ganhuyag Chuluun Hutagt” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.