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Jahan Shamsiev has been named new Head of Mongolia for the European Bank for Reconstruction and Development (EBRD). He will be based in the country’s capital, Ulaanbaatar, and is due to take up his duties on 1 September 2025. Jahan is succeeding Hannes Takacs, who served in this capacity between 2020 – 2025.
Ms. Shamsiev said: “I would like to use my professional and regional experience to promote inclusivity, green initiatives, and digital transformation in this country. The EBRD is the largest institutional financier of Mongolia’s private sector concentrating on its development, diversification, sustainable growth, and responsible mining. I’d like to contribute to this work and this is a challenge I am really looking forward to.”
A dual Tajik and British national, Mr. Shamsiev joined the Bank in 2010 as an EBRD Financial Institutions banker focusing on the Western Balkans, Belarus, Moldova, and Ukraine. In 2019 in his capacity of an Associate Director, Financial Institution Business Leader for Uzbekistan, Tajikistan, Kyrgyzstan, and Turkmenistan he moved to Tashkent, where he focused on establishing and maintaining relationships with EBRD partner financial institutions and the authorities.Mr. Shamsiev, holds MSc in development finance from the University of Manchester and Master’s degree in international finance and trade from the University of Tehran.
The EBRD has invested almost €2.6 billion in Mongolia’s economy through 158 projects to date. Approximately 90 per cent of these funds have been used to support private-sector companies.