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Peter Morrow, American Who Led Mongolia’s Khan Bank Reform, Dies

  • Awarded Polar Star medal in 2007 for contributions to Mongolia
  • Led team that restructured Khan, now nation’s biggest bank

James Peter Morrow, an American banker and financial consultant who led the restructuring of Mongolia’s Khan Bank before its privatization, has died, according to NovaTerra LLC, a company he co-founded. He was 68.

Morrow passed away peacefully next to his family at a hospital in the U.S. on Aug. 4, NovaTerra said in a statement on the company’s website. He was a partner at NovaTerra, an Ulaanbaatar-based financial advisory and project management firm.