Nigel Finch invited to join the Business Council of Mongolia
08 Feb 2010
After many years of commenting on economic and regulatory developments in the free-market economy of Mongolia, Nigel Finch has been invited to join the Business Council of Mongolia (BCM). Australia has a keen interest in this mineral-rich emerging market with a number of high profile firms, such as BHP Billiton, Rio Tinto and Leighton's, establishing a firm foothold in Mongolia - one of world's fastest growing economies and tipped by many investors to be the Dubai of Central Asia. In November last year, Finch was invited to speak at the International Mining and Investment Conference in Ulaanbaatar, Mongolia. This event was attended by representatives of the major global mining companies, as well as fund managers, international banks and governments.
On this trip, Finch also met with some of the local Mongolian universities to share ideas about business education, a number of Mongolian professional bodies including the Mongolian Institute of Certified Public Accountants and the Mongolian Stock Exchange to talk about market operation and transparency. He also met with the Australian Ambassador to Mongolia, and several government and business leaders to discuss business regulation and reforms. The success of this recent visit, lead to an invitation for Finch to join the BCM. The BCM is the peak body in Mongolia charged with advocacy, investment and legal reform aimed at encouraging economic growth, trade and investment in Mongolia. Other members of the BCM include international representatives from a number of embassies, professional firms such as Ernst & Young and PWC, aid agencies, World Bank, IMF and several leading Mongolian companies.