The State Property Committee (SPC) has reconstituted the executive board. The new Directors are: Ch.Gankhuyag, CEO of Tenger Financial Cooperative, B.Bold, CEO of Newcom, Z.Shagdarsuren, General Secretary of the Association of Banks, N.Tsogt, an international lawyer, and three officials from the SPC. D.Boldbaatar of the Mongol Bank and L.Bayaraa from the Ministry of Finance were re-appointed. The SPC wants to get a team of Mongolians who have studied the relevant disciplines abroad to work under the direction of the Board to fulfill the Government directive to develop the country’s capital market.