Amartuvshin Hanibal, new CEO at DBM

Development Bank of Mongolia (DBM) has appointed Mr. Amartuvshin Hanibal as acting Chief Executive Officer, effective from May 28, 2019.

Amartuvshin has over 20 years of international experience in the banking industry, with specific expertise in business administration. Prior to joining DBM, he served as President of XacBank and subsequently as Managing Director at Tenger Finacial Group in Mongolia. He has held various positions at ABN AMRO Bank in London, Amsterdam, and Chicago, where his responsibilities includes supervision of large-scale energy projects. He was also the Managing Director, Head of Risk Management at JSC Kazkommertsbank, the largest commercial bank in Kazakhstan.

Amartuvshin holds a Bachelor of Business Administration from the European University of Brussels, Belgium and a Master of Business Administration from Harvard Business School, Boston, USA.

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