In accordance with Board of Directors resolution of the Development Bank of Mongolia #66 dated August 23rd of 2017, the DBM established an asset management company called “DBM Asset Management” LLC as a wholly owned subsidiary with the purpose of establishing investment funds dedicated towards financing projects that increase economic growth, with an initial equity investment of 10’000’000’000 (Ten billion) tugriks.

The Parliament resolution #71 of 2016 titled “Economic Recovery Plan” ordered “The establishment of an investment fund with the purpose of providing long term financing for large scale projects that support economic growth”, Government resolution #208 of 2016 titled “Detailed implementation plan of the Economic Recovery Plan” tasked the Ministry of Finance, Development Bank of Mongolia and the National Development Institute with “Establishment of a productive investment fund with the purpose of diversifying the economy by cooperating with foreign investors”, and in accordance with the Law on Investment funds, which states that investment funds must be established by an asset management company, Government resolution #135 dated May 10th of 2017 determined that an asset management company dedicated towards creating investment funds that will finance projects supporting economic growth be established as a subsidiary of the Development Bank of Mongolia.

Within this regard the company is working towards gaining the confidence of domestic and foreign investors and becoming an internationally accepted asset management company with a proven track record. The company’s investment strategy focuses on attracting domestic and foreign funding to co-finance large scale projects that provide sustainable economic growth and increase the competitiveness of the country.

The company operates in the securities market and as such bears a fiduciary responsibility to our clients to implement excellent internal audit, risk management and good governance structures in our operations.

Furthermore, the company is striving towards implementing the United Nations Principles on Responsible Investment and Environmental, Social and Governance principles to its asset management operations.

The company is a member of the Mongolian Association of Securities Dealers, and is operating with a professional workforce of 24 well educated and experienced employees.