TransUnion Names New President of Operations in East Asia

Lawrence Tsong to Help Grow TransUnion's Business in Region

CHICAGO and HONG KONG, Aug 25, 2008 (AllPayNews) -- TransUnion has named Lawrence Tsong president of its operations in East Asia, a new role he has accepted in addition to maintaining the managing director role for the company's Hong Kong operations. In this new role effective immediately, Mr. Tsong greatly expands his responsibility for promoting and growing TransUnion's credit information and analytic and decisioning business throughout the region.
Mr. Tsong joined TransUnion in 2007 and has been an integral part of the company's growth in Hong Kong, managing the day-to-day operations and the introducing the use of advanced analytic and decisioning solutions to the financial markets.
"Since Lawrence joined TransUnion, he has made major contributions and built strategic relationships in the credit markets in Hong Kong and throughout the region," said Andrew Knight, president of TransUnion's international division. "We are extremely confident that he will continue to be a key figure at TransUnion, leading our efforts in demonstrating the economic benefits an active credit system brings to both businesses and consumers in emerging markets."
Prior to joining TransUnion, Mr. Tsong was first vice president of United Overseas Bank group where he was responsible for establishing and managing the credit card business. From 1984 to 1998, he held various positions with American Express, the last one being the director of relationship management for the company in East Asia. In this role, he was accountable for long-term strategic card and merchant partnership programs, concentrating in the airline, hotel and retail merchant sectors.
Mr. Tsong holds a Bachelor of Social Science degree from the University of Hong Kong.
Established in 1982 as Hong Kong's first centralized credit database, TransUnion now maintains more than 21 million records of 3.8 million individuals and provides risk management services to businesses and direct to consumer credit information. Visit http://www.transunion.hk to learn more.
About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion has employees in more than 25 countries on five continents. http://www.transunion.com/business
SOURCE TransUnion
http://www.transunion.com