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GOLOMT BANK HAS LAUNCHED CUSTODIAN SERVICES

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Golomt bank obtained its license for custodian operations in the securities market from the FRC on the 24th of August, 2014. Today Golomt bank  is officially launching its custodian services in Mongolia. 

In the past, under the collaboration of FRC, MSE, MSCH&CD, the Golomt bank has completed a number of works determining the new principles of the securities market, creating technical environment and providing cooperation of the participants. In addition, Golomt bank introduced a custodian banking system in cooperation with the Nomura Research Institute, leading systems integrator in the world.

By introducing the bank’s services in Mongolia, it shall be possible to participate in the securities trading, professional investors to enter the market, develop the domestic investment funds that are necessary to the Mongolian capital market, increase the foreign investment and open doors to activate the securities trading.