The executive board of the Development Bank of Mongolia met on Monday (20 May) and dismissed CEO B.Batbayar from the job. He had been worked as the head of the Development Bank since the 2016 parliamentary election. His replacement as new CEO is G.Amartuvshin, who has been working as general director of Khas Bank since 2014. Before this, he was general director of the Tenger Insurance Company for three years.

G.Amartuvshin has become well known to the public after being included in the panel of judges of the ‘Shark Tank’, TV show.