BATBOLD ARYASUREN
Independent Board Director, Unity Asset Management IMC LLC
Batbold Aryasuren is one of the founding partners at "Gera Partners" LLP.
Prior to starting his legal partnership, he worked as a Chief Legal Advisor for Ard Financial Group LLC and Chief Operating Officer for Ard Insurance LLC. Batbold has in-depth knowledge of the operations and legal aspects of the banking, capital markets, and insurance sectors of Mongolia.
He had an active role in the development of the microfinance sector in Mongolia and was a member of the senior management team that established the country's first non-banking financial institution and transformed it into XacBank, the 4th largest in the sector. Batbold held CEO positions with Ard Securities LLC and Ard Insurance LLC.
His legal background and direct involvement in the management and legal counseling of financial sector institutions rank him as one of the leading legal practitioners in the banking, capital markets, and insurance sectors.
EXPERIENCE
Batbold is a Chief operating officer of Ard Insurance JSC and a Chief Legal Counsel at Ard Financial Group (AFG), a diversified financial services holding company. Batbold has been one of the senior executives responsible for legal affairs and operations management and had an active role in new business development. Batbold was the main resource to provide new subsidiaries of the group with the transitional management support working as an interim CEO at Monet Securities LLC and Ard Insurance LLC. These two entities are now listed at MSE as JSC under AFG.
Prior to joining AFG, Batbold assisted the establishment of the successful microcredit program funded by UNDP, was a member of the executive management team that transformed the project into the first NBFI in the country, conducted the first merger of two financial institutions followed up with the transformation into the XacBank. Batbold served as chief operating officer of TFG and XacBank between 2002-2009. He was responsible for back-office operations, HR, legal affairs, and Board support. All the back-office units under his leadership were able to provide necessary support as the Holding and Bank's operation, shareholders composition, funding structure, and diversity of lenders went through a major transformation and expansion during that period.