As Part of Its Continued Worldwide Expansion, GMAC Global Relocation Services Opens Service Center in Shanghai

As part of its continued global expansion, GMAC Global
Relocation Services (www.gmacglobalrelocation.com) has opened a new
global service center in Shanghai, China. In addition to the new
Shanghai operations, GMAC Global Relocation Services now has eight
global service centers. Other service centers are located in London,
Singapore, California, Illinois, Michigan, New Jersey, and Texas.
"GMAC Global Relocation Services has established a strong identity
and brand as a leader and expert in assignment management and our
expansion into China will only serve to enhance our reputation and
accelerate our global growth," said Rick Schwartz, CEO, GMAC Global
Relocation Services.
"Our global service center is located in Pudong, a quickly
emerging financial hub whose growth has been nothing short of
phenomenal," Schwartz added.
Pudong is located on the east bank of the Hangpu River which runs
through urban Shanghai. In 1990, the Chinese government selected the
Pudong area to become the centre of a new financial, economic and
trade area. Gross domestic product for the area has grown an average
of 20% for each of the past eight years.
"Our new service center in Shanghai is an exciting development in
the evolution of our ever-expanding global footprint," said Maggie
Ryan, senior vice president of Global Operations. "This expansion
gives GMAC Global Relocation Services an important presence in a
dynamic, vibrant and fast-growing Chinese market, and allows us to
better serve our global client base."
The opening of the Shanghai office extends the company's presence
in the Asia Pacific region and complements its existing Global Service
Center in Singapore. This expansion increases resources to support the
company's clients in China and provides a more equitable regional
balance to the six Global Service Centers based in the Americas and
EMEA. The Shanghai office will be managed by Victor Loo, regional
director, Asia Pacific Region.

About GMAC Global Relocation Services

GMAC Global Relocation Services, LLC
(www.gmacglobalrelocation.com) is a leading, full service outsourcing
partner of end-to-end employee relocation, assignment management and
mobility consulting services for multinational organizations
worldwide. The company serves corporations in 110 countries and
manages more than $1 billion in relocation related transactions. GMAC
Global Relocation Services is a subsidiary of Residential Capital
Corporation (ResCap), a leading real estate finance company, focused
primarily on the residential real estate market in the United States,
Canada, Europe and Latin America. For more information about ResCap,
visit https://www.rescapholdings.com. ResCap is an indirect wholly
owned subsidiary of GMAC LLC.