Mongolian Stock Exchange - People and Relationship-building

People and Relationship-building

The Mongolian Stock Exchange has been praised for their approach to customer relationship management. To commemorate their 16th anniversary, they organised a sports day, in which broker/dealers and the exchange fielded teams and competed against each other. They were also described as "punching above its weight" in its international knowledge-sharing efforts. It joined the Federation of Euro-Asian Stock Exchanges in 1998, and, in June 2006, formed a partnership with the Korea Exchange. The chief executive officer of the Mongolian Stock Exchange visited the Korea Stock Exchange in July 2007; officials from the Korea Stock Exchange paid a return visit the following month.

Mongolian Stock Exchange sealed a deal with London Stock Exchange Group to modernize the MSE under an agreement to make it in level of world standard. LSE will manage and provide expertise and someone from LSE might lead the MSE. This comes as there is a mining boom happening in Mongolia and need for robust, private and attractive stock exchange.

Naidansurengiin Zolzhargal, one of the founders of the Mongolian Stock Exchange, was educated in Hungary and later studied finance at the Harvard University in the United States, and founded the Mongolian Stock Exchange when he was 27 years old. His young age prompted American magazine Asia, Inc. to dub him the "Boy Wonder of the Mongolian Stock Exchange". His older brother, Naidansurengiin Zhargalsaikhan, was formerly head of the Bank of Mongolia, but was ousted from his job after the loss of US$100 million of foreign reserves, which had been invested in futures and foreign currency.

The current chairman, B. Bold, is the CEO of Newcom Corporation and former head of JP Morgan's Russia and Commonwealth of Independent States department.