Wolters Kluwer has appointed Yong Zhao as its new general manager for the Financial Services market in China. Zhao, who will be based in Shanghai, will help spearhead further growth for the financial technology firm in the market.
“We welcome Yong as the new general manager for our China business,” said Chris Puype, managing director of Asia Pacific for Wolters Kluwer’s Financial Services business. “We are excited to be utilizing his extensive knowledge of the local operating environment as we look to further develop our presence in North Asia.”
Zhao currently works at Wolters Kluwer as head of Professional Services and deputy general manager for China for the global provider of risk management, compliance, finance and audit solutions for the financial services segment. He brings more than 15 years of experience in software development, system implementation and project management to his new role.
Prior to Wolters Kluwer, Zhao worked for Lombard Risk, where he was responsible for managing all regulatory reporting projects across Asia. His responsibilities encompassed all regulatory product development streams and key software development projects. He holds an MBA from INSEAD and a master’s degree in Electrical Engineering from Tsinghua University.
Zhao assumes the role from Michael Thomas, who previously led the China operations as general manager and North Asia director. Thomas plans to retire at the end of June 2016 after a distinguished career spanning more than 40 years.
“We extend our gratitude to Michael for his significant contributions to our success in China and beyond,” commented Puype.
Thomas will continue to serve Wolters Kluwer in an advisory capacity to ensure a smooth transition and will continue to provide expertise in Anti Money Laundering as the firm takes the product across the region and beyond.
About Wolters Kluwer Governance, Risk & Compliance
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments.
Wolters Kluwer is a global information services company that provides information, software, and services to professionals in four main areas: law, tax, finance and healthcare. The company reported 2014 annual revenues of €3.7 billion. The group serves customers in over 170 countries, and employs 19,000 people worldwide. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.