The BCM Obituary about Mr. MERGEN Chuluun

We are saddened to deliver the news that Mr. MERGEN Chuluun, the former Managing Director of the Business Council of Mongolia (BCM), passed away on 31 May 2022 next to his family in Ulaanbaatar, Mongolia. He was born in 1979 in Ulaanbaatar.

 

He has been with the BCM from 2016 to 2018. During his tenure as the MD, he showed motivation, drive, and compassion to improve the organization’s service to its members. He believed the private sector will make Mongolia a better place for all.

 

At the time of his death, Mergen was focused on helping to build a local startup ecosystem. He was driven establish at least one Mongolian company with potentials of reaching one billion USD in valuation by 2030. In 2021, Mergen brought the world’s largest pre-seed accelerator program (Founder Institute) and the world’s biggest startup pitch competition (Startup World Cup) to Mongolia. He was the Managing Partner of Exponential Venture Partners (XVP), the first international VC with Mongolia focus.

 

Apart from his startup endeavors, he was an Independent Non-Executive Board Director at the CU Mongolia; the Chairman of the Board at REMAX ACE; Founder of the Growth Summit Global; Founder and CEO of Togtokh Trade; Asia Ambassador of International Deal Gateway; Senior Advisor at STS Capital Partners; and Investor & Advisor at GER Organic Store.

 

Previously, Mergen worked to ameliorate the business environment in Mongolia. He led The Business Council of Mongolia and the Appo Member at Prime Minister Saikhanbileg Chimed’s Economic Policy Council. He also led one of the biggest automotive businesses in Mongolia (Ford & Land Rover) and created the Mongolian Automotive Distributors Association (MADA).

 

Mergen studied the Presidents Program at Harvard Business School and attained bachelor’s degree with focus on Computer Information Systems, Finance, & Entrepreneurship at the Colorado State University. Tributes from his colleagues indicate that Mergen was a beacon of enthusiasm, intelligence, and generosity that shined and transcended beyond. His passion for life and compassion towards others earned his admiration and love of countless people across all over the world.