Management and Organization
Sawada Holdings Co. Ltd (formerly H.S.Securities) of Japan owns 53% of Khan Bank. Other shareholders include Tavan Bogd Trade Co. Ltd (Mongolia), the International Finance Corporation (IFC), Development Alternatives Inc. (DAI), and the Morrow Family Trust. IFC is an affiliate of the World Bank. DAI, headquartered in Maryland, USA, is an international development and consulting company.
The Board of Directors consists of Hideo Sawada (Chairman), Yoshiaki Mishima, Ts. Baatarsaikhan,
D. Hulan, Jemal-ud-din Kassum, and J. Peter Morrow. Mr. Sawada is Chairman and Chief Executive Officer of Sawada Holdings Co. Ltd., Mr. Mishima is a Director of Sawada Holdings Co. Ltd., Mr. Baatarsaikhan and Ms. Hulan are, respectively, President and Executive Vice President of the Tavan Bogd Group.
Mr. Kassum is Managing Partner of AJK Financial Services LLC, and Mr. Morrow is the Bank’s Chief Executive Officer.
The Khan Bank of Mongolia is an institution best described by superlatives. It is the leading provider of financial services to rural Mongolia. It was named “Best Bank in Mongolia for three consecutive years (most recently in 2006) for its achievements as a leading financial institution delivering innovative financial services to all Mongolians. One of the Bank’s greatest assets is its branch network, comprising 394 points of service, which is much more extensive than that of any other bank operating in the country. The branch network effectively reaches 98 percent of rural communities and one out of every two Mongolian households.