The Asian Development Bank has appointed John Juhyun Jeong as its new Country Director for Mongolia, with the appointment taking effect as he began the role in Ulaanbaatar this week.

Jeong will oversee ADB’s operations in Mongolia, including carrying out the country partnership strategy for 2025–2028, which backs Mongolia’s push for diversified, inclusive, and sustainable growth.

Commenting on the appointment, Jeong said ADB’s work in Mongolia rests on three strategic priorities: promoting diversified and inclusive growth, strengthening sustainability and resilience, and advancing empowerment and opportunity.

He added that he looks forward to partnering with the government, private sector, and development community to advance the country’s goals.

Jeong brings more than 17 years of professional experience to the post, including nine years at ADB. He most recently served as senior advisor to the ADB President, offering strategic guidance on key institutional priorities, and before that led private sector agribusiness investments within ADB’s Private Sector Operations Department, work that included projects in Mongolia itself.

Prior to joining ADB, Jeong worked as a management consultant with McKinsey & Company in New York and Seoul, and served as a program officer with the United Nations World Food Program in Phnom Penh.

A national of the Republic of Korea, Jeong holds an MBA from Harvard Business School, a master’s in public administration in international development from Harvard Kennedy School, and a bachelor’s degree in economics from Stanford University. He is also a CFA charter-holder.

Mongolia has been an ADB member since 1991, and the bank has committed nearly $5 billion in public and private sector investments to support the country’s development. That support is aligned with Mongolia’s New Recovery Policy and its Vision 2050 development blueprint.

The Mongolia appointment follows a similar move for Bangladesh, where ADB recently named Qingfeng Zhang as country director, part of a broader wave of leadership changes across the bank’s regional offices this summer.

ADB, headquartered in Manila, is a multilateral development bank founded in 1966 and owned by 69 member countries, 50 of them from Asia and the Pacific region.

Published Date:2026-08-11