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was a trade union leader for almost two decades and became First Deputy
Minister of Labor in the 1991-92 cabinet. He was also a member of national legislature, Great People’s Khural, in the 1980s. Badraa’s mother, Murungua (b.1945) is a second daughter of Inner Mongolian freedom fighter Medelt executed in 1953 in China. She was the first Mongolian woman professionally trained as a camera person to graduate the All-Soviet State Institute of Cinematography. She is one of the founders of the Mongolian cartoon art as industry and made many of the first Mongolian cartoons. She is awarded the Order of Meritorious Arts Professional.
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On 25 January 2006, Badraa was appointed the
Chairman of the newly founded Financial Regulatory Committee (FRC) under the supervision of the Parliament of Mongolia, the rank equaling cabinet minister. Until then saving and credit unions, credit cooperatives went unregulated and a bubble based largely
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On 15 June 2006, Badraa was murdered at the entrance to his official premises by a deranged owner of a saving and credit Union, which went bankrupt. The murderer brought a knife from his home, showing his intent for a premeditated murder, and he was executed in 2007 after the court trial, which went
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Badraa graduated the School no.3 of the Soviet Union
Embassy in Mongolia (currently the joint school no.3) in 1992. From 1992 to 1996 he attended the School of Economics of the Mongolian National (State) University and graduated it with banking and finance degree. In 2001-2002 Badraa obtained Master
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As all
Mongolians, Badraa went by one name, “Badraa” given at birth, and Dashdorj was a patrimonium, father’s name. In the Mongolian documents, the name reads as “Dashdorjiin Badraa”, which literally means “Badraa of Dashdorj” (“Badraa, son of Dashdorj”). In the Western style documents, Dashdorj was
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After graduation in 1996 Badraa joined the country’s central bank, Mongol Bank, as auditor. Just after three years he was appointed by Mongol Bank the deputy representative and consequently deputy receiver at the
Sergelen Bosgoltyn Bank (Renaissance Bank). From 2002 till 2004 he was Director of the
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He was born on 23 December 1974 in
Ulaanbaatar. He was the younger of two sons of Dashdorj and Murungua. His father Dashdorj (1940-2018), son a nomadic herder from Bayan-Unjuul spun (county) of the Tuv Province (Central Province), trained as an electric engineer in the Kiev Politechnical Institute,
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The scholarships are provided on the basis of need and performance and is one of the most prestigious scholarship programs in this field. It has a community of almost 200 recipients currently and it graduates are know for receiving employment offers well before the graduation and the salary offer
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on ponzie scheme was building in the market. Unscrupulous owners of non-banking financial institutions promised sky high rates of returns often defrauding their savings holders. Many of them were going bankrupt already by the time of establishment of the FRC.
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in 2006. The foundation has started from one scholarship and expanded to over thirty scholarships annually to students who study at the School of
Business in the National University of Mongolia and banking and finance in the Institute of Finance and Economy.
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The foundations seeks to create a community which promotes good governance and ethics in the financial business in
Mongolia. It organizes lecture series, undertakes market and financial research by its recipients and promotes mentor relations.
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Badraa
Dashdorj was the first Chairman of the Financial Regulatory Committee, newly established by the Parliament of Mongolia to regulate the stock exchange and non-banking financial institutions such as saving and credit unions.
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Among the investors in the fund and scholarships are most prominent institutions and companies in
Mongolia such as Xacbank, Mitsui Co, Energy International, Achit-Ikht LLC, APU, and many other individuals and institutions.
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Badraa introduced very initial regulatory framework of these institutions, which increased transparency and established rule-based system. They required legally reporting, auditing and control mechanisms.
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a family name and Badraa was a given name. He also had a tribal name, Nasan, which was adopted in Mongolia starting from the late 1990s. Hence, his full official name was Nasan Dashdorj Badraa.
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Policy Coordination Division of Mongol Bank. In 2004 he turned to private business and became CEO of Ulaanbaatar Capital City Bank, where he worked till 2006.
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Badraa was married and had two daughters, the youngest of whom was still in the mother’s womb at the time of his murder.
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