REG - ICFG Limited - Subsidiary Governance and Management Changes

ICFGAnnouncement

03/02/2026 07:00

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RNS Number : 4836R  ICFG Limited  03 February 2026

3 February 2026

ICFG LIMITED

("ICFG", "Company" or the "Group")

 

Subsidiary Governance and Management Changes

 

ICFG Limited (LON: ICFG), the international financial services group, is
pleased to announce that the board of its Mongolian subsidiary, InvesCore NBFI
Joint Stock Company ("InvesCore"), has approved a number of governance and
management changes. These changes form part of the Group's broader focus on
strengthening governance across its operating subsidiaries.

 

Board Changes at InvesCore

 

In connection with InvesCore's 10th anniversary and as part of its ongoing
efforts to strengthen corporate governance and enhance long-term
sustainability, the board of directors of InvesCore has resolved to implement
the following changes with immediate effect following recipient of the
approval from the Financial Regulatory Commission of Mongolia and the
completion of the relevant filings with the State Registration of Legal
Entities:

 

 ·   Mr. Ankhbold Bayanmunkh will step down from his role as Chairman and will be
     appointed as a Non‑Executive director.
 ·   Mr. Bayasgalan Dalaijamts will be appointed as Chairman.

 

Mr. Ankhbold has served as Chairman of InvesCore since 2018. During his
tenure, he made a significant contribution to strengthening corporate
governance, enhancing the effectiveness and independence of the board and
safeguarding the interests of InvesCore shareholders. InvesCore expresses its
appreciation for his leadership and service. Mr. Ankhbold will remain actively
involved in the strategic direction of InvesCore in his capacity as a member
of the Board.

 

Management Changes at InvesCore

 

Following his appointment as Chairman, Mr. Bayasgalan has resigned from his
position as Chief Executive Officer, at his own request, in order to ensure an
appropriate separation between executive management and Board oversight.

 

Mr. Bayasgalan is a co‑founder of InvesCore, having established the business
in 2016, and has served as Chief Executive Officer and a member of the board
since inception. He has more than 25 years of experience in the banking and
financial services sectors. Under his leadership, InvesCore has:

 

 ·   Successfully transitioned into a publicly listed company on the Mongolian
     Stock Exchange.
 ·   Expanded its operations into Central Asian markets.
 ·   Attracted funding from reputable international investment funds.

 

The board of directors of InvesCore has appointed Mrs. Orolmaa Dashnyam as
Chief Executive Officer with immediate effect, subject to regulatory approval.

 

Mrs. Orolmaa has served as Chief Executive Officer of Pocket NBFI LLC, a
subsidiary of InvesCore, since 2019. She has extensive experience in the
non-bank financial sector, particularly in digital lending and electronic
payment services and has played a key role in the launch and development of
technology-driven financial products through the Pocket application.

 

The Board of ICFG Limited remains confident that these changes will further
strengthen governance at InvesCore and support the continued growth and
long-term sustainability of the Group, while enabling Mr.Ankhbold to focus
more fully on leading the growth of ICFG Limited in his capacity as Board
Chairman.

 

For further information, please contact:

 

 ICFG Limited

 Via IFC

 Enkhmaral Batkhuyag, Interim CEO

 Strand Hanson Limited (Financial Adviser)

 Rory Murphy / Abigail Wennington / Harry Marshall

 +44 (0) 207 409 3494

 AlbR Capital Limited (Broker) formerly Novum Securities

 Jon Bellis / Colin Rowbury

 +44 (0) 207 399 9400

 IFC Advisory Limited (Financial PR and IR)

 Tim Metcalfe / Zach Cohen

 +44 (0) 203 934 6630

 

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