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Business Council of Mongolia

BOARD OF DIRECTORS

Badan BATBAATAR
Badan BATBAATARTreasurerCEO of Sharyn Gol JSC
Bayanjargal BYAMBASAIKHAN
Bayanjargal BYAMBASAIKHAN CHAIRMANCEO of NovaTerra LLC
Tatsuya HAMADA
Tatsuya HAMADAMember of the BoD and ECChairman & CEO of Mobicom Corporation

BATBAATAR BADAN

Sharyn Gol JSC - CEO

Mr. B. Batbaatar was appointed as Treasurer of Executive Committee of the Business Council of Mongolia on 16 January 2019. He currently serves as Chief Executive Officer of Sharyn Gol JSC. He was appointed to current position in 2013.

Previously, he worked as analyst and senior analyst in Cambridge Associates, privately held investment firm based in the United States from 2001-2005. He was an economist in working group of Millennium Challenge Account Mongolia (MCA-M) and developed economic model and conducted feasibility study of projects. Beginning from 2008 he served as General Diretcor of CBM LLC and was appointed as Country Representative of Firebird Management in Mongolia.

Mr. B. Batbaatar holds Bachelor degree from James Madison University and MBA from the George Washington. 

Full Bio
BYAMBASAIKHAN BAYANJARGAL
NovaTerra – Chief Executive Officer
Mr. Byambasaikhan was appointed as Chairman of the Board of Directors of the Business Council of Mongolia on 16 January 2019.
Mr. Byambasaikhan is the Chief Executive Officer of NovaTerra LLC, a UB based investment and project management firm, he co-founded in 2013. NovaTerra develops clean energy and energy efficient real estate projects, and advises domestic and international clients in financing complex deals.
Mr. Byambasaikhan is a business executive specialized in energy, infrastructure, mining investments. In 2015-2016, he was the chief executive of Erdenes Mongol, Mongolia's sovereign wealth management company where he chaired multiple mining company boards and was the director of Oyu Tolgoi LLC. In 2015, he was the Government’s chief negotiator who resolved the five-year dispute between the Government of Mongolia and Rio Tinto, which led to signing a US$4.4bln project finance deal with 20 leading banks to finance Oyu Tolgoi’s underground mine construction estimated to cost US$6bln.
From 2010-2013, Mr. Byambasaikhan served as the chief executive and managing director of Newcom, a Mongolian technology investor where he managed and built Clean Energy ($120mln), the first wind farm/IPP in Mongolia.
From 2004-2010, he was an energy banker with the Asian Development Bank, where he financed power and energy efficiency transactions in Central Asia, including the region’s largest CCGT power plant ($1.3bln) in Uzbekistan.
He currently chairs the Green Buildings Council of Mongolia and is the vice president of the Mongolian Archery Association. He is a supporter and director of the Arts Council of Mongolia and Zorig Foundation USA. He also serves as the honorary consul of South Africa in Mongolia.
Mr. Byambasaikhan has keen interest in regional economic and infrastructure connectivity and is a believer in clean energy development. In 2014, he was recognized as a Young Global Leader by the World Economic Forum. Mr. Byambasaikhan is the graduate of the National University of Mongolia and the George Washington University.
Full Bio

TATSUYA HAMADA

Mobicom Corporation - Chairman & CEO

Mr. Tatsuya Hamada was appointed as Executive Committee member of the Business Council of Mongolia and Chair of Growth and innovation Working Group. 

Since started his career with KDDI Corporation in Japan over 20 years ago, which is Tokyo based Japanese multi-national telecommunication company, Mr. Hamada has served in number of senior executive roles in KDDI Corporation, as a Director, General Manager of Global ICT Business management and Director, General Manager of Global Sales & Marketing.

In the past, he led KDDI’s businesses in European countries, London U.K., Düsseldorf, Frankfurt GERMANY and Brussels BELGIUM, where he spent over 7 years. 

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Dugar JARGALSAIKHAN
Dugar JARGALSAIKHANMEMBER OF THE BOD AND ECChairman of Gund Investments and TUS Solution LLC
Randolph KOPPA
Randolph KOPPAVice ChairmanExecutive Vice Chairman of TDB
Cameron MCRAE
Cameron MCRAEvice chairmanChairman of Kincora Copper

D. JARGALSAIKHAN

Gund Investments, TUS Solution

Mr. D. Jargalsaikhan was appointed as member of the Executive Committee of the Business Council of Mongolia and Chair of Economic Freedom ad Competitiveness Working Group on 16 January 2019. 

Mr. D. Jargalsaikhan is the Chairman of Gund Investment LLC and the Chief Executive Officer of TUS Solution LLC. Gund Investment LLC is engaged in organization healthcare solutions service, mining, real estate management and financial services; and domestication of disruptive technology businesses. TUS Solution LLC offers tailorable unified system solution that allows creating real time synchronized data for business management and digital transformation.

Before entering the private sector in 2005, Jargalsaikhan held senior leadership positions in the Mineral Resource Authority, the Ministry of Heavy Industry, and the Ministry of Trade and Industry.

He is a Honorary Professor of MUST, Chairman of Young Researchers Support Foundation, Member of Asia Business Council; and President of Society of Mineral Economics and Management of Mongolia.

Full Bio
RANDOLPH S.KOPPA
Trade and Development Bank - Executive Vice Chairman
Mr. Randolph S. Koppa was appointed as Vice Chairman of the Business Council of Mongolia and Chair of Banking, Finance, and Capital Markets Working Group on 16 January 2019. Randolph Koppa serves as the Executive Vice Chairman of TDB.  Mongolia represents Randolph’s twelfth country in his 50-year international banking career. He came to Mongolia in 2004 as part of the management and technical assistance program provided to TDB by ING Bank. 
He served as Chairman of the Mongolian Mortgage Corporation (MIK). Randolph received the Polar Star Award from President Elbegdorj in recognition of his contribution to the development the banking and finance sector in Mongolia.
Mongolia represents Mr. Koppa’s 12th country in his 43 year international banking career. He is a graduate in International Relations from the University of Wisconsin. Trade and Development Bank is Mongolia’s oldest bank and the leader in corporate lending, trade finance, payments and foreign exchange business in the country. In addition, TDB serves Mongolians with top quality personal banking services including cards, electronic and SMS banking.
TDB holds the rare distinction of being voted “Best Bank in Mongolia” two times in a row by “The Banker” and was awarded “Best Bank of the Year”, “Grand Prix in Banking and Financial sector of Mongolia”, “Best Business Entity for its Social Responsibility”, “Best Tax Payer” and many more by different international and local organizations.
Full Bio
CAMERON MCRAE
Kincora Copper Limited (TSX-KCC), Tarva Investment and Advisory LLC,
Mr. Cameron McRae was appointed as Vice Chairman of the Business Council of Mongolia on 16 January 2019. He is a seasoned Chairman/CEO leading mining organizations, through the full mining development cycle, in four countries, and across three continents. He has led successful greenfield and brownfield construction projects, overarching business transformations and business improvement projects. At corporate level Cameron has delivered sectoral and country strategies led global IS&T projects and sponsored cross-business unit collaboration projects. He has deep commercial/M&A experience as well as dealing at multiple levels of government and with embassies, IFI’s and national business associations.
Cameron served a 28-year career with Rio Tinto in Mongolia was President of You Tolgoi LLC (OT) and Rio Tinto's country director for Mongolia (2010-2013). He was CEO of Richards Bay Minerals (RBM) in South Africa (2008-2010), Managing Director of Murowa Diamonds in Zimbabwe (2006-2007) and Project Director for the Hail Creek Coking Coal Expansion project in Australia. Prior to 2004, Cameron held commercial and project leadership roles, both at Corporate and BU level. In 1995, he was a key team member responsible for the A$29 billion mergers of CRA and RTZ into the dual-listed Rio Tinto (which was the World's largest merger at the time).
Cameron led the establishment of the OT business in the Gobi Desert (2010-2013) – through construction to full production. Climatic, logistical, geopolitical and government challenges were overcome to deliver the US$6 billion project ahead of schedule. At OT’s peak of construction over 15,000 people were employed and OT is operating above nameplate capacity.
Cameron led the conversion of RBM’s “old order” mining licenses to “new order” status. This was a US$3 billion transaction whereby Rio Tinto/BHPB sold down a 26% equity interest to 12 BEE groups including communities, private business groups, and an RBM staff fund. New companies were established, with the BEE entities only required to contribute 1% of the purchase price, thus requiring a complex loan arrangement.
Cameron formed Tarva in 2015 and has served clients in the public and private sector. In 2015/16 Cameron advised Erdenes Mongol on key issues across all businesses, including resolution of the Oyu Tolgoi dispute between Rio Tinto and the Government of Mongolia.
Cameron has led large commercial/business transactions involving restructures of distressed businesses, mergers, public to private infrastructure sale, equity sell down to obtain a long-term offtake agreement enabling expansion approval, coal mine sale to a power utility and cross-border power contract
In addition to Tarva’s advisory work Cameron serves as Chairman to Kincora Copper and non-executive Director to Erdene Resources – TSX listed companies both focused on exploration and development in Mongolia.
Cameron remains active in Mongolian public life, as an executive director of the Business Council, as a trustee of the Arts Council and founder of the Institute of National Strategy. Cameron was schooled in Australia and Africa and holds a commercial degree and an MBA (Monash Mount Eliza, 1991).
Full Bio
Bayarsaikhan SOLONGOO
Bayarsaikhan SOLONGOOMEMBER OF THE BOD AND ECManaging partner of Avinex Partners LLP
Armando TORRES
Armando TORRESMEMBER OF THE BOD AND ECCEO of Oyu Tolgoi LLC

SOLONGOO BAYARSAIKHAN

Avinex Partners LLP - Founder and Managing Partner

Solongoo Bayarsaikhan was appointed as member of the Executive Committee of the Business Council of Mongolia and Chair of Tax, Legal, and Ethics Working Group on 16 January 2019.

Solongoo Bayarsaikhan is a co-founding partner of Avinex Partners LLP. Her practice area includes general corporate and commercial law with a specific focus on banking and finance, mining, natural resources and regulatory matters. She has advised clients as transactional and local counsel in respect of various high profile, cross-border financing and equity transactions.

Prior to co-founding the firm, Solongoo worked for Ulaanbaatar office of an international law firm and a major Mongolian company. She is a member of the Mongolian Bar Association and teaches continuing legal education courses for qualified Mongolian lawyers. Solongoo is also qualified to practice law in the State of New York and England and Wales. She is the co-chair of the Legislative Working Group of the Business Council of Mongolia.

Solongoo is named as the 'next generation lawyer' in Legal500's 2018 edition.

Full Bio

ARMANDO TORRES

Oyu Tolgoi LLC - CEO

Mr. Armando Torres was appointed as member of the Executive Committee of the Business Council of Mongolia and Chair of Resources and Environment Working Group on 16 January 2019.

Armando Torres was appointed as the Chief Executive Officer of Oyu Tolgoi in May 2017. Since 2016, Armando has been a member of the Oyu Tolgoi Board and served as a Rio Tinto Managing Director – Oyu Tolgoi between September 2016 and May 2017. Armando started his career in 1990 as a process engineer and was subsequently promoted to management positions at Alcoa in Latin America, Europe, and Western Australia. In 2011, he moved to Rio Tinto, as Chief Operations Officer - Bauxite Alumina, responsible for the Global operations, Australia and Canada. In March 2016, he was appointed as head of operations and Transformation Leader of the Alumina Segment in Rio Tinto Aluminium. He completed his Master Degree in Process Development and Optimization in 2000.

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