Ganhuyag Chuluun Hutagt

Award-winning banking pioneer, executive and entrepreneur

Ganhuyag Chuluun Hutagt is a highly successful and innovative banking executive, entrepreneur, and Mongolia’s former Vice-Minister of Finance. With 30 years of experience in the banking and microfinance industry, he is also a champion for financial inclusion.

As the CEO and founder of Ard Financial Group, Mr. Hutagt serves as chairman of Ard Holdings’ various subsidiaries including Ard Credit, Ard Insurance, and Ard Securities. Under his leadership, Ard Holdings became the second largest company on the Mongolian Stock Exchange.

Earlier in his career, Mr. Hutagt was the founding Executive Director of Mongolia’s first non-bank microfinance company, XAC (Golden Fund for Development). As Executive Director, he formed the internationally successful XacBank which Forbes Magazine named as one of the top 100 global microfinance institutions. It was also the first Mongolian bank to receive international ratings from Moody’s Investors Service.

Mr. Hutagt is passionate about financial inclusion in Mongolia, and he served in a variety of leadership roles within the Mongolian government. He was an advisory council to the President of Mongolia and Prime Minister of Mongolia, and is a founding member of the Mongolia Economic Forum.

Mr. Hutagt is celebrated as a financial leader on the world stage, and is widely recognized for his contributions to social entrepreneurship and youth engagement initiatives. In 2009, he was nominated to the Forum of Young Global Leaders of the World Economic Forum and he is currently Chair of Global Dignity in Mongolia.

He was also recognized as one of the Top 10 Alumni of his alma mater, Corvinus University of Budapest.

Mr. Hutagt graduated from the Budapest University of Economic Sciences in 1997, and lives in Ulaanbaatar, Mongolia with his wife and five children