Deputy Minister of Finance

KHULAN Bat-Erdene

Deputy Minister of Finance, Mongolia

Ms. Khulan Bat‑Erdene is the Deputy Minister of Finance of Mongolia, a position she has held since December 2025. She has extensive professional experience in financial risk management, investment fund management, and economic and investment policy advisory, with a career spanning leading international financial institutions and senior roles in public sector policy formulation.

 

She began her career in Mongolia’s banking sector as a Risk Analyst at Golomt Bank and XacBank. She later gained international experience in Europe, working with Schroders Investment Management in Luxembourg and the United Kingdom, followed by analytical and senior roles at Waystone Investment Management, Notz Stucki Europe Investment Management, and HSBC Bank (UK), primarily in investment fund management and risk analysis.

 

From 2021 to 2024, Ms. Khulan served as a Consultant to the Cabinet Secretariat of the Government of Mongolia, the Financial Regulatory Commission, and Rina Consulting LLC, contributing to economic, financial, and regulatory policy development. She was subsequently appointed Economic and Investment Policy Advisor to the Minister of Mongolia and the Chief Cabinet Secretariat, and later Senior Economic and Investment Policy Advisor to the First Deputy Prime Minister. In November 2025, she was elected President and Board Member of the Mongolian Association of Certified Financial Analysts.

 

Ms. Khulan holds Bachelor’s degree in Economic Mathematical Modeling from the National University of Mongolia and Master’s degree in Banking and Finance from the University of Luxembourg, and she holds designation of Chartered Financial Analyst (CFA), CFA Level 4, ESG Investing.