Ard Holdings
Company Management

Ard Holdings

Financial Services Mn 12 employees
Employees
12

Ard Holdings Overview

Headquarters
Mn
Website
ardholdings.mn
Industry
Financial Services
Employees
12
Founded
2014
NAICS
Finance and Insurance
Monetary Authorities-Central Bank
Keywords

About Ard Holdings

Board of Directors of the newly founded Ard Financial Group (Ard Holdings) is pleased to announce a successful acquisition of Ard Daatgal and Ard Credit from InterGroup by EIT LLC or Equity Investment Trust (formerly known as Employee Investment Trust). This merger was structured as a combination of cash and stock transfers between EIT and InterGroup making the latter the single largest shareholder in the holding company. This M&A is considered to be the largest to date in the financial services industry in Mongolia, producing a company with net asset value close to MNT 30 billion. Ard Holdings will operate primarily in the financial services industry through investments in leading industry players in Mongolia. By capitalizing on the expertise of its founders it will engage in cross-borderinvestments. Ard Holdings’ subsidiaries are Ard Daatgal, the nation’s 4th general insurance provider, Ard Credit non-bank financial company, which is pioneering into internet based microlending, Monet Capital, one of the leading brokerage firms with an investment banking arm, and the Institute of Engineering and Technology, a leading vocational training center in Mongolia. Ard Holdings is also a minority shareholder in various other industry players. InterGroup is a diversified holding company with operations in financial services, pharmaceutics, logistics and transportation, road construction, and building materials production. EIT was originally founded to enable employee share ownership in XacBank and TenGer Financial Group. Gradually it expanded into various industries. It underwent a consolidation process then and is currently refocusing on the financial services industry. It is owned by over 370 shareholders, including top Mongolian corporations.

Ard Holdings Contact Details

People in AeroLeads
4

Ard Holdings Org Chart

Sample employees and titles
Name Title Contact
Munh-Erdene Munhbat Auditor, Cpa, Cpta
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Altangunii Jargalan Director, Mongolia Economic Forum
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Tsenguun B. Hutagt Sales Director
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Batsuuri Tserensodnom Head of Branch Management - Ard Insurance Llc
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Employees by Management Level

Individual contributor 3 profiles
Director 2 profiles
Executive 1 profile
VP / Head 1 profile
Manager 1 profile

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