ХacBank, one of the top 5 banks in Mongolia with an award winning corporate governance and corporate social responsibility program, has appointed Tim O’Neill as Vice President of Business Banking.  O"Neill was until recently Deputy Project Director and Senior Financial Markets Advisor on the USAID Mongolia Economic Policy Reform and Competitiveness Project (EPRC), providing support to the Mongolian financial services industry to increase access to finance for SME and lower and middle income families.

XacBank Chief Executive Bat-Ochir has expressed confidence that O’Neill’s “considerable experience and expertise” will benefit the Bank greatly as it aims “to become the leading provider of business banking”. O’Neill sees the Mongolian economy “going through considerable change” and is convinced that XacBank is “uniquely placed to offer the best value-added banking services to businesses that are becoming the backbones of the country’s economy”.