Hong Kong, May 28, 2012 – TransUnion has appointed retail banking veteran Angus Choi as managing director for Hong Kong. Mr. Choi takes over this role from Lawrence Tsong, who had been overseeing the company’s Hong Kong operations as part of his role as president of Asia Pacific. He will report directly to Mr. Tsong.
In this new role, Mr. Choi will be responsible for managing day-to-day operations and growing the company’s credit reporting, and analytics and decisioning business in Hong Kong.
“TransUnion has been providing credit information services to the local financial community for more than 30 years, and the consumer credit reporting system that we manage has also been operating successfully for nearly 10 years,” said Lawrence Tsong. “Building on this strong market presence, we are now ready to take our success to the next level by focusing more on product innovation and penetration into different banking sectors. Angus’ career experience, industry expertise and wide-ranging relationships in the industry will make him a valuable resource and contributor to TransUnion’s strategic growth in Hong Kong.”
With more than 28 years in the consumer and corporate banking sectors, Mr. Choi has held various senior positions in leading international financial institutions. Prior to joining TransUnion, Mr. Choi was senior vice president of the unsecured loans business at DBS Consumer Banking Hong Kong. He has also held senior positions in Citibank’s consumer and corporate banking business, and regional sales and marketing management positions at Visa International and American Express in Hong Kong and Canada.
Born in Taiwan and educated in Hong Kong, Mr. Choi is a graduate in Business Management and also holds an Executive Master of Business Administration degree from Southern Illinois University in the U.S.
Following Mr. Choi’s appointment, Mr. Tsong will be dedicated to promoting and growing TransUnion’s business in other strategic markets throughout the Asia-Pacific region. With growing demand for credit information services, particularly in emerging markets, TransUnion is fast expanding its footprint in the region. In 2010, the company opened offices in Vietnam and Indonesia, and last year launched a private credit bureau in the Philippines. TransUnion now has a presence in 8 markets in the region, including China, India, Singapore and Thailand.
Established in 1982 as Hong Kong’s first centralized credit database, TransUnion now maintains records on 4.3 million consumers in Hong Kong and provides both risk management services to businesses and credit reports directly to consumers. Visit www.transunion.hk to learn more.
TransUnion is a leading global provider of information and risk management solutions to businesses across multiple industries and to individual consumers. The Company’s technology and services enable businesses to make more timely and informed credit granting, risk management, underwriting, fraud protection and customer acquisition decisions by delivering high quality data, and by integrating advanced analytics and enhanced decision-making capabilities. TransUnion’s interactive website provides consumers with real-time access to their personal credit information and analytical tools that help them understand and proactively manage their personal finances. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion provides services in 25 countries on five continents. www.transunion.com