Group Executive Officers


Bold Magvan, Chief Executive Officer, TenGer Financial Group & XacBank

Bold Magvan serves as Chief Executive Officer of the Group since November 2010. He is also the CEO of XacBank. Bold has been with TenGer Financial Group and XacBank since 2005. Bold is the Chair of the Group Executive Committee and the Executive Director of the Board of Directors of XacBank. Until 2015, he was the Executive Director of the Group Board. Bold is a senior banking professional with 30 years of experience including his engagements with global financial institutions as the World Bank and the International Monetary Fund and appointment with the Central Bank of Mongolia as the Deputy Governor. Bold is a graduate of the Columbia University, New York. Until rotation in 2014, Bold served as the President and Vice President of the Mongolian Bankers Association for over 6 years.

Amartuvshin Hanibal, Chief Executive Officer, Tenger Capital

Amartuvshin (Amar) Hanibal serves as Chief Executive Officer of Tenger Capital since 2011. Amar is also the President of XacBank and a member of the Group Executive Committee. Amar worked previously for three years as the Managing Director of TenGer Financial Group. Amar is a banking and finance professional with over 17 years of experience including international banking. Prior to joining XacBank and TenGer Financial Group, Amar was the Managing Director and Head of the Risk Management Department at Kazkommertsbank (KKB), the largest commercial bank in Kazakhstan. He has held also positions with the ABN AMRO Group in various global offices including London, Amsterdam and Chicago. Amar is a MBA graduate from the Harvard Business School. He holds also a bachelor’s degree in business administration from the European University of Brussels, Belgium.

Tsevegjav Gumenjav, Chief Executive Officer, XacLeasing

Tsevegjav Gumenjav serves as Chief Executive Officer of XacLeasing since May 2013. Tsevegjav is also the Chief Retail Banking Officer of XacBank and a member of the Group Executive Committee. Tsevegjav served also the Chief Financial Officer of TenGer Financial Group. Prior to joining the Group, Tsevegjav lived and worked in the United States as Treasury Manager at Restoration Hardware, a multi-brand premium home furnishing company based in San Francisco. He worked also in Bluefin Associates (PlumSlice), IT software development company, in San Francisco and at Wagner Equipment Company in Denver. Tsevegjav received his MBA degree with concentration in finance and accounting from Regis University, USA and Bachelor of Science degree in international business and information systems management from the University of Colorado, USA.

Oybek N.Khalilov, Chief Executive Officer, Tenger Insurance

Oybek N.Khalilov serves as Chief Executive Officer of Tenger Insurance since September 2015. Oybek is a member of the Group Executive Committee. After his graduation from the State Economic University of Uzbekistan, Oybek worked in Uzbekistan at various government institutions including the National Bank of Uzbekistan and the Ministry of Finance. In 1995, he joined American International Group as CEO of Political Risk Insurance Company and spent four years at AIG in London before returning to Uzbekistan to work as CEO for the National Export-Import Insurance Company. Oybek was in charge of AIG general insurance operations in Central Asia and Caucasus from 2000 to 2015. Currently, he holds a non-executive position of the chairman of the board of directors of AIG Kazakhstan. Oybek was elected as Vice President of AmCham, Uzbekistan in 2001 and as a member of the board of directors of AmCham, Kazakhstan in 2012. In September 2015, he was elected as a member of the board of directors of AmCham, Mongolia.

Fiezullah Saidov, Chief Executive Officer, TianRong MicroCredit Company

Fiezullah Saidov serves as Chief Executive Officer of Urumqi TianRong Micro Credit Company Ltd. since 2014. Prior to this appointment, he acted as the Senior Advisor to the President of XacBank and Senior Advisor to the Managing Director of TenGer Financial Group. Prior to joining TenGer Financial Group, Fiezullah served as the Managing Director in charge of private equity and Chief Operating Officer of Compass Asset Management Ltd. in Almaty. During the period of 2001-2007, Fiezullah was the Corporate Director and Head of TMT and Industrial Clients of ZAO ABN AMRO Bank in Moscow, Russia. From 1996 till 2001, Fiezullah was a board member and head of the corporate banking and structured finance departments of ABN AMRO Bank NB Uzbekistan. Fiezullah graduated from State Economic University of Uzbekistan in Tashkent and studied also at Hardin-Simmons University, Texas, USA.