Business
Subsidiary Governance and Management Changes
ICFG Limited announced significant governance and management changes at its Mongolian subsidiary, InvesCore NBFI Joint Stock Company, aimed at strengthening oversight and ensuring long-term sustainability. Mr. Ankhbold Bayanmunkh will transition from Chairman to Non-Executive Director, while Mr. Bayasgalan Dalaijamts assumes the role of Chairman and has stepped down as Chief Executive Officer. Mrs. Orolmaa Dashnyam is appointed as the new Chief Executive Officer, subject to regulatory approval, bringing extensive experience in digital lending and electronic payments. These changes are intended to enhance corporate governance and support the Group's continued growth. Disclaimer*
About this update from Icfg Limited
[{"type":"text","content":"\n\n3 February 2026\nICFG LIMITED\n(\"ICFG\", \"Company\" or the \"Group\")\n \nSubsidiary Governance and Management Changes\n \nICFG Limited (LON: ICFG), the international financial services group, is pleased to announce that the board of its Mongolian subsidiary, InvesCore NBFI Joint Stock Company (\"InvesCore\"), has approved a number of governance and management changes. These changes form part of the Group's broader focus on strengthening governance across its operating subsidiaries.\n \nBoard Changes at InvesCore\n \nIn connection with InvesCore's 10th anniversary and as part of its ongoing efforts to strengthen corporate governance and enhance long-term sustainability, the board of directors of InvesCore has resolved to implement the following changes with immediate effect following recipient of the approval from the Financial Regulatory Commission of Mongolia and the completion of the relevant filings with the State Registration of Legal Entities:\n \n\n\n\n\n·\n\n\nMr. Ankhbold Bayanmunkh will step down from his role as Chairman and will be appointed as a Non‑Executive director.\n\n\n\n\n·\n\n\nMr. Bayasgalan Dalaijamts will be appointed as Chairman.\n\n\n\n\n \nMr. Ankhbold has served as Chairman of InvesCore since 2018. During his tenure, he made a significant contribution to strengthening corporate governance, enhancing the effectiveness and independence of the board and safeguarding the interests of InvesCore shareholders. InvesCore expresses its appreciation for his leadership and service. Mr. Ankhbold will remain actively involved in the strategic direction of InvesCore in his capacity as a member of the Board.\n \nManagement Changes at InvesCore\n \nFollowing his appointment as Chairman, Mr. Bayasgalan has resigned from his position as Chief Executive Officer, at his own request, in order to ensure an appropriate separation between executive management and Board oversight.\n \nMr. Bayasgalan is a co‑founder of InvesCore, having established the business in 2016, and has served as Chief Executive Officer and a member of the board since inception. He has more than 25 years of experience in the banking and financial services sectors. Under his leadership, InvesCore has:\n \n\n\n\n\n·\n\n\nSuccessfully transitioned into a publicly listed company on the Mongolian Stock ...