The team will be responsible for the introduction of new business solutions, as well as the identification of partnership and acquisition opportunities in China's booming financial services market.

With a presence in China since 2001, DST Global Solutions has focused on delivering financial services solutions to some of China's biggest insurers and asset managers. The new team will leverage DST Global Solutions' significant China experience with expertise from globally renowned business consultants from across the finance industry. The business development team will work alongside DST Global Solutions' existing Investment Management Solutions (IMS) and Business Process Management (BPM) business teams, with a special focus on exploring new business initiatives and on introducing the full range of DST's products and services to the Chinese market.

Ms. Nancy Yu, formerly Head of Sales for DST Global Solutions' China and Hong Kong operations, has moved to the new team and will be working alongside SMEs with experience across a wide range of large local and international banks. Ms. Yu has worked on many of DST Global Solutions' largest deals in Asia, including China Life Asset Management Company (CLAMC), AEGON and AEGON-CNOOC.

Speaking about her new role, Ms. Yu said, "Over the last 8 years, DST Global Solutions has been fortunate to be able to build a solid knowledge ground for the Chinese capital market by working with some of the largest institutional investors in China. So far our activities in China have been focused on delivering our IMS software solutions to our clients, and we will continue to expand this side of our business. With the establishment of this new business development team, we will look for opportunities to extend our presence in China to include a range of new solutions and services, including risk and performance analytics, reconciliation tools, investment platforms and automated workflow processes. I believe this move also sends a clear message to the market that we continue to maintain a positive outlook for the Chinese market and will continue to invest in China."

Mr. Tom Abraham, CEO of DST Global Solutions spoke about the new team: "The creation of this new team represents the next stage in our growing commitment to the Chinese marketplace. We intend to further expand our offerings to Chinese institutions to enhance their ability to compete globally. This team will nurture a number of new initiatives in the coming year."