TransUnion names Toa Charm independent non-executive director of TUCIS

Global information and insights company TransUnion has appointed Toa Charm as independent non-executive director of TransUnion Credit Information Services (TUCIS), a wholly-owned subsidiary of TransUnion Hong Kong. The appointment is effective from 1 September 2022.

In his new position, Charm will oversee TUHK’s credit reference agency business in Hong Kong under the Multiple Credit Reference Agencies (MCRA) model and provide insight and strategic advice that will further strengthen our service for the benefit of the market as a whole. Charm has over 30 years of experience in the innovation and technology industry, specialising in FinTech, artificial intelligence, big data, digital transformation, as well as the technology markets in Mainland China and ASEAN countries.

Charm has held various senior management positions at Hong Kong Cyberport Management Company, IBM, Oracle and HSBC, and has provided strategy, training and consultancy services to companies and organisations such as HSBC, Hang Seng Bank, Bank of East Asia, ICBC (Asia), AIA, Sun Life, Chow Tai Fook, Airport Authority Hong Kong and MTR.

During his tenure as chief public mission officer at Cyberport, Charm led his team to build a world-leading digital technology ecosystem with over 1,200 start-ups from over 30 countries where over 300 were FinTech start-ups.

Marie Claire Lim Moore, CEO of TransUnion Hong Kong, said: “Charm’s appointment comes at an opportune time of rapid advancement in FinTech and RegTech in Hong Kong and the Greater Bay Area, and as we move towards the Multiple Credit Reference Agencies (MCRA) model in Hong Kong. We have proven track record of supporting businesses and consumers and continue to drive market innovation and new solutions. As an expert and innovator in the technology sector, Charm will provide insight and strategic advice that will further strengthen our service for the benefit of the market as a whole.”

Charm said: “As the first local consumer credit reference agency, TransUnion has laid solid foundations for the credit economy in Hong Kong over the past 40 years, supporting easy and quick access to credit and other essential financial services to millions of consumers. At the same time, it has been a true pioneer in the areas of FinTech and RegTech. I am privileged to advise the company in its exciting next chapter of growth.”

In addition to the aforementioned roles, Charm is chairman of several elite start-ups in Asia and associate professor of practice at Chinese University of Hong Kong Business School. He actively engages with the innovation and technology ecosystem in Asia and has served since 2019 as chief judge of the FinTech Award of Hong Kong ICT Awards and as a member of Cyberport’s Entrepreneurship Committee Advisory Group, HKSTP’s Leading Enterprises Acceleration Mentorship Programme, Executive Committee of FHKI’s Hong Kong Startup Council, GS1 Hong Kong’s IoT Industry Advisory Council and Consumer Council’s Advisory Group on digital economy and information technology.

Related articles:

Study: HK market sees decline in digital fraud attempts in retail
TransUnion HK launches a citywide campaign with Omelette Digital