
Michael Madden, Board Director of XacBank, has been honored with the prestigious Order of the Polar Star
On June 13, 2025, Michael Madden, Board Director of XacBank, has been honored with the prestigious Order of the Polar Star, the highest state honor granted to foreign nationals.
Michael serves as a Board Director of XacBank and it’s parent company TenGer Financial Group since 2009. The Government of Mongolia has officially recognized the significant contributions of Michael Madden, a prominent and long-standing investor to XacBank and TenGer Financial Group.
Michael’s leadership, vision, and expertise have been key drivers in XacBank and TenGer Financial Group’s exceptional growth. The Order of the Polar Star is a testament to his leadership and XacBank and TenGer Financial Group’s enduring impact on the nation’s economy.

