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Dashnyam ASHIDMAA
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| Has over eighteen-year work experience in the business and financial sector, including five years
in the privatization field. Experienced in financial analysis, company valuations, due diligence,
audits, preparation, and execution of international privatization tenders. Successful work
experience in multi–cultural environments, including the management of relationships with high
level government officials, international experts, and the private sector. Latest achievement
includes leading and managing ad interim the first secondary mortgage market institution –
Mongolian Mortgage Corporation - which resulted in a successful capitalization and a full-fledged
internationally recognized business plan. |
| Education |
Master of Arts, Virginia Polytechnic Institute and State University,
Blacksburg, Virginia, USA, May 1998, with concentration in Corporate
Finance, Bond Investments, Portfolio Management and Use of Financial
Derivatives in Risk Management.
BA, International Economic Relations, Moscow State Institute of
International Relations, Moscow, Russia, June 1989, with concentration in
International Monetary and Credit Relations. |
| Professional history |
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| Oct/2006-Nov/2007 |
Chief Executive Officer, a.i., Mongolian Mortgage Corporation,
Ulaanbaatar, Mongolia
• Worked with Government and the private sector represented by
commercial banks on the establishment of the first secondary mortgage
market institution in Mongolia since June 2005
• Led and assisted the commercial banks in a series of inception meetings
which culminated in the signing of a Memorandum of Understanding
(MoU) in March 2006
• Led the MoU signatories through the Founding Meeting and the first
Shareholders Meeting, which resulted in the establishment of the
Mongolian Mortgage Corporation (MIK)
• Managed and developed MIK's Business Plan, which outlines the
business model and longer term strategies
• Presented MIK's Business Plan among shareholder banks and
successfully raised MNT 2 billion in MIK's further capitalization
• Presented MIK's Business Plan to IFIs which resulted in on-going
negotiations with IFIs to raise potentially USD 33 mln in liquidity, USD
20 mln in credit enhancement and USD 1.3 mln in technical assistance
for MIK
• Set MIK up and running from a green field and managed all day-to-day
activities , including MIK's identity, staff recruitment, website, office
and equipment
• Led the work on the risk management and hedging mechanisms for
MIK's mortgage portfolios
• Worked with the Financial Regulatory Committee, EPRC and other
institutions on the legal and regulatory environment
• Led MIK through its first warehousing and securitization deals
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| May/2004 – present |
Business and Finance Specialist, Economic Policy Reform and
Competitiveness Project, USAID, Ulaanbaatar, Mongolia
• Conducted research and developed Mongolia's Country Risk and
Country Risk Premium Estimation Report
• Organized and led the first in Mongolia Private Equity Fund Studies in
two stages, which eventually contributed to the establishment of MICC
• Led the DCA efforts in researching possibilities for DCA guarantees for
small and medium loans
• Developed the program of housing subsidies for lower and middle
income people
• Working on the possibilities of introducing ESOPs in the Mongolian
companies
• Working on the credit bureau reorganization
• Leading the work with FRC on development of interim regulations for
mortgage- and asset-backed securities
• Leading the work with FRC on development of IPO regulations and
procedures
• Working on other aspects of Mongolia's financial and capital markets
|
| 9/1998 – 3/2004 |
Financial Analyst, BearingPoint Mongolia Project Office, USAID
Mongolia Privatization Program, Ulaanbaatar, Mongolia
• Thorough preparatory work for the privatization of the Most Valued
Companies
• Financial data review and analysis for NIC JSC (Petroleum Products
Importer & Distributor) and other companies including Gobi JSC
(Cashmere Processor and Producer) and Mongol Daatgal (National
Insurance and Reinsurance Company)
• Interacting with the companies' management to update tender
documents, restructure the Company before privatization, arrange audits
by international auditors and arrange valuations
• Developing the information package to be distributed to potential
investors during the tender process
• Working with independent appraisers, SPC, Barents and the company
management on company values, including performing in-house
valuation for value estimates
• Reviewing the valuation reports and providing comments on financial
projections used, methods of valuation, discount rates and assumptions
• Preparing and presenting valuation seminars for local valuation
companies
• Assisting the SPC and the companies' management in the tender
process: investor outreach/marketing efforts, review of application
documents,
• Assistance in investors' due diligence.
|
| 3/1992 – 5/1996 |
Economic/Commercial Assistant, US Embassy, Ulaanbaatar, Mongolia
Reporting on all economic, scientific, social and labor developments in
Mongolia to the Economic Officer; monitoring a loan program to support
the agricultural sector and small industries in the diary sector under the US
Government agricultural commodity assistance program; liaising with
Government officials on bilateral economic and commercial relations.
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| 12/1990 – 3/1992 |
Foreign Relations Officer, Ministry of Labor, Ulaanbaatar, Mongolia
Monitoring the International Labor Organization projects for small
enterprise and informal sector development; developing an information
database of small capacity equipment suppliers.
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| 7/1989-12/1990 |
Import Officer, Materialimpex, Ulaanbaatar, Mongolia
Import orders for construction materials, importation and domestic sales
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Languages
Personal |
English, Russian, French
Mongolian citizen
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Тараах материалууд
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