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April 21, 2017updated 18 May 2017 2:02pm

Citi Private Bank reshuffles Asia Pacific leadership team

By PBI Editorial

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.

Free Report
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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Bacon will replace So-Yon Sohn, who has now been appointed in a new global markets and investor sales role within the firm.

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.

In 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.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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