FOR IMMEDIATE RELEASE
/26.10.2015, ULAANBAATAR/ Mongolian Development Partnership (MDP), the joint venture founded by major Mongolian real estate developers, appoints Luvsanchultem Vanjildorj, a seasoned finance and investment executive, as CEO in charge of establishing Mongolia’s first real estate investment trust (REIT) and expanding service export potentials for the real estate developers.
The decision was made at a MDP board meeting in October, 2015 following a selection process finalised by the board members, represented by Zag Group, Tsast Group, Orchlon Construction, Gandirs and Green Recourses Construction as well as CHMM and Buyanpel.
Luvsanchultem Vanjildorj, with 15 years of finance and investment management experience in real estate, infrastructure and mining developments, currently holds the title of Director of Finance and Investment at Zag Group, while he concurrently serves as Executive Director for Alchem Global Private Limited of Singapore and a board director of London based Ferro Mongolia Resources.
He is a buy-and-sell side investment expert. In his previous role at MCS Holding, Luvsanchultem was responsible for designing a high profile financing structure for InterMed private hospital project, and debt financing for Mandalgobi-Tavantolgoi 220kV electricity transmission line. He has closed a number of private placement deals including for Zest Undur and delisting of SBB, whilst successfully identified and structured reverse take-over deals for Nova Trans, Cascade Mining on AIM market at the London Stock Exchange and Khandgait Mining on Venture market of the Toronto Stock Exchange.
While working for the Asian Development Bank, as an Economics officer, he was in charge fully/partially of producing the Mongolia Chapter of ADB’s flagship annual report, Asian Economic Outlook, which required extensive macroeconomics analytical and projection skills. He initiated ADB’s financing for CHPowerplant No5 in Ulaanbaatar.
Luvsanchultem holds Master of Commerce degree from the University of South Australia, and Bachelor of Accounting & Economics from the National University of Mongolia.
If you require additional information please contact Gerel Orgil via 88779173.