• Vision and mission
  • Values
  • Our Company
  • Our Timeline
  • Awards & Recognition
  • Management team
  • Company Structure

Vision and mission

To position ourselves in the market as a leading and internationally qualified financial organization and to promote national industries with investments and comprehensive financial services.
To operate in accordance with international standards and help establishing large and impactful national joint stock companies
To support large national producers, operate in the international capital market, and increase the number of capital market participants.
Expand foreign relations, increase securities trading, strengthen the company s personnel, and provide customers with reliable stock market information


Pioneers in capital market
Loyalty to our clients

Our Company

Founded in 1991, BDSec JSC is a premiere full-service investment firm in Mongolia. As one of the longest-operating and most experienced investment firms in the market, we continuously strive to deliver exceptional services and excellent results to our clients.

 We connect investors with issuers such as corporate through the capital markets and provide liquidity by facilitating the flow of capital, an essential component of ensuring a sound economy that contributes to business development and improving society. 

BDSec JSC operates under a license to provide underwriting, broker-dealer, and investment advisory issued by the Financial Regulatory Commission. 

BDSec JSC is a leading securities company in Mongolia, which has been operating continuously for 31 years since the privatization of Mongolia and the establishment of the stock market.

The company became the first securities company to offer its securities publicly in 2006 through an IPO on the Mongolian Stock Exchange.

Since its establishment, the company has successfully raised 1.2 trillion MNT from the capital market within the framework of underwriting and investment consulting services.

Our Timeline

  • 2022
    At the regular meeting of the Financial Regulatory Commission on December 9, 2022, Khaan Bank LLC was approved to become an open joint-stock company and offer its shares to the public.
  • 2022
    Lead underwriter to the private placement bonds of Khuren Tolgoi, BID, and Zasagt Khaan the OTC market. Particularly, Khuren Tolgoi LLC offered USD/MNT currency exchange rate-linked bond denominated in MNT. Furthermore, BID and Zasagt Khan LLC issued high coupon rate bonds on the OTC market of Mongolia.
  • 2021
    Lead underwriter to the largest corporate bond offering, Erdenes TavanTolgoi JSCs bond
  • 2020
    Performed underwriting service to Bodi Insurance IPO- the first public insurance company| BODI:MO
  • 2018
  • 2018
  • 2017
    Executed the largest M&A projects in Mongolia: APU JSC and Evergreen Investment LLC
  • 2012
    Achieved a record high trade amount by accounting for 91% of total MSE trade
  • 2006
    Became the first public brokerage firm to be listed on the Mongolian Stock Exchange
  • 2005
    Acquired underwriting license from the Financial Regulatory Commission, Underwrote the first IPO on the Mongolian Stock Exchange
  • 1999
    Opened Ulaanbaatar city branch
  • 1998
    Acquired by the current management team
  • 1991
    Established as the one of the first brokerage firms in Mongolia

Awards & Recognition


Decade of Excellence Brokerage Mongolia 2022


Decade of Excellence Investment Banking Mongolia 2022





Management team

The company's executive management consists of the First Deputy Director, Deputy Directors, and departmental heads led by the Chief Executive Officer.

D. Dayanbilgun, one of the founders of the securities issuing company, has been working as the Chief Executive Officer from 1997 to November 2022. Since November 2022, B. Lkhagvadorj assumed the role of CEO.

Full nameProfessionPosition
1LKHAGVADORJ.BA petroleum engineerCEO
2BATGEREL.NForeign relationsFirst deputy director
3SHINEBAYAR.SHBusiness administrationDeputy director
4PUREVSUREN.SАuto engineerInternal Affairs Manager
5DAMDINSUREN.SInformation systemDirector, IT Department
6URANBAIGAL.OFinancial managementVP, Back Office Department
7ONON.BFinancial managementVP, Client Department
8ERKHEMZAYA.EAccountingVP, Investment Banking Department
9ZORIG.SBusiness administration, EconomistSenior Advisor

Company Structure