Mr. Peter Morrow, CEO of Khanbank, made statement to resign after his contract term ends. Mr. Peter Morrow has no intention of leaving the bank; instead he will remain another two years as adviser to the bank, after he transfers position to a newly appointed Englishman. He also independent Board Member of Eznis Airways, the Mongolian Stock Exchange and other companies. Sources say that he received several offers from various companies, since his resignation has become obvious. But he selected to become a Board Member of Newcom Group. National Post newspaper informed that Mr. Peter Morrow appreciates working with Japanese business people and therefore, he selected Newcom Group.
Mr. Peter Morrow showed his skill and capability leading formerly Agricultural bank, which was about to go bankrupt, into a leading bank of Mongolia. Newcom Group is a holding company of Eznis Airways and Mobicom, the first mobile network provider of Mongolia.