Executive Change: Alex Yuen Promoted at TransUnion - East Asia

TransUnion has promoted Alex Yuen to president of its operations in East Asia. In this role effective February 1, Mr. Yuen is responsible for extending TransUnion's growing business throughout the region. Mr. Yuen reports directly to Larry Howell, president of Asia and Europe, TransUnion International.

For the past 10 years, Mr. Yuen has been the managing director of TransUnion's operations in Hong Kong and was an active lobbyist for the company and market regarding the introduction of full-file reporting – both positive and negative information. Since the program’s start in 2003, credit providers have been able to better manage and price loans, benefiting consumers with much lower interest rates and increasing the availability of credit to larger audience.

“Through Alex’s leadership over the past decade, TransUnion, along with our customers, have made tremendous strides advancing the use of credit information at all levels,” said Mr. Howell. “In his new role, we are looking for Alex to expand on his successes throughout the region, working with and demonstrating to governments and private entities the numerous benefits an active credit system brings to consumers and growing economies.”

Replacing Mr. Yuen in TransUnion's Hong Kong operations is Lawrence Tsong, who will become general manager. Mr. Tsong comes to TransUnion from United Overseas Bank where he was responsible for establishing and managing its credit card business. Prior to United Overseas Bank, he spent more than 10 years in the region with American Express.

“Having been a TransUnion customer, Lawrence brings a unique perspective that our customers will appreciate,” said Mr. Yuen. “His deep understanding of our market and the industry, coupled with his customer service experience, makes him more than qualified to continue the successes TransUnion has achieved with our customers and the consumers they serve.”