DETROIT, Aug. 15 /PRNewswire-FirstCall/ -- Comerica Bank announced today it has opened a representative office in Shanghai, China, to provide networking services for its U.S. customers seeking to expand or explore business opportunities in China.
"China is the fastest-growing importer and exporter for the U.S., and Chinese-owned businesses represent an increasingly significant part of our Western Market," said Tom Ogden, executive vice president for Global Corporate Banking. "The Shanghai location is especially advantageous to Comerica because it is a center of manufacturing activity for many U.S.-affiliated companies. By having an office in this key business center, Comerica can provide our customers with introductions to professionals and business partners, help with 'red tape,' educate customers on local business practices and help our domestic colleagues understand the China side of their relationship."
Ogden said the Shanghai office also provides an important link for Chinese businesses seeking to expand in the U.S.
"Our representative in Shanghai, Helen Huang, will be expanding our current networking resources in China with banks, law firms, and accountants, as well as contact points in the different industries operating there," said J. Michael Fulton, president and CEO of Comerica Bank's Western Market. "She will demonstrate to U.S. businesses that Comerica is one of the few commercial banks that can add value to their present or future needs in China."
Asian Enterprise magazine this year named Comerica Bank one of its "Top 20 Companies for Asian Pacific Americans."
Huang, a U.S. citizen who is a native of Shanghai, speaks and writes Mandarin fluently, speaks the Shanghai dialect, and understands Cantonese and several regional dialects. She is a bank vice president who formerly was with Comerica's Technology & Life Sciences in San Jose, Calif.
About the Comerica Bank Representative Office in Shanghai:
The address of the new office is: Comerica Bank Shanghai Representative Office, 211 Century Avenue, Suite 3002, Pudong, Shanghai 200120. The phone number is 86-21-5882-6980. To contact the office, email: helen_huang@comerica.com .
About Comerica Bank:
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit and strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping businesses and people to be successful. Comerica Bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, and Canada and Mexico. Comerica reported total assets of $57.1 billion at June 30, 2006. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts .
CONTACT: Barry Holtzclaw, +1-408-556-5111, +1-408-315-6554, or Wayne Mielke, +1-313-222-4732, both of Comerica Bank
