Citi Private Bank has bolstered its Asia Pacific team by appointing Roger Bacon as its new head of investments and Adam Proctor as head of managed investments and advisory.
Bacon will replace So-Yon Sohn, who has now been appointed in a new global markets and investor sales role within the firm.
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Based in Hong Kong, Bacon will now head the investments business in Asia Pacific that covers asset allocation, product advice, and execution across capital markets and managed investments. He will report to global head of investments Eduardo Martinez Campos and Asia Pacific CEO Bassam Salem.
Bacon most recently served as the firm’s head of managed investments and advisory for Asia, a role that will now be taken up by Proctor.
Bacon previously also worked at Rothschild Family Office, JP Morgan Fleming Asset Management, Jardine Fleming Investment Management and Fleming Investment Management in London, Hong Kong and Luxembourg, as well as was head of the hedge fund business at Union Bancaire Privee in London.
Proctor most recently served as the global market manager of the global client program and a senior private banker in London at Citi Private Bank. Before joining Citi, he worked at Barclays Private Bank in London and Bristol.
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By GlobalDataIn the new role, Proctor will be based in Singapore and will report to global head of managed investments Roger Bacon and David Bailin.
“Roger and Adam are both experienced private bankers with strong track record of achieving excellence. They will bring significant value, experience and synergy to our Asia Pacific business and continue enhancing our capabilities and expertise to be the best provider of investments products and solutions for our clients,” Salem said.
