Citi Private Bank has appointed a new head of investments for Asia Pacific.
Roger Bacon has been promoted from his previous role as head of managed investments and advisory for Asia Pacific, which he has held since 2010.
In his new role, Bacon will lead the Asia Pacific investments business for the private bank, including asset allocation, product advice, and execution across capital markets and managed investments.
He succeeds So-Yon Sohn, who has moved to a new role in global markets and investor sales within Citi.
Bacon will report to Eduardo Martinez Campos, global head of investments for Citi Private Bank and Bassam Salem, Asia Pacific CEO of Citi Private Bank, and will continue to be based in Hong Kong.
Prior to Citi, he was the head of the hedge fund business with Union Bancaire Privée in London and has also held roles with the Rothschild Family Office, JP Morgan Fleming Asset Management, Jardine Fleming Investment Management and Fleming Investment Management in London, Hong Kong and Luxembourg.
Adam Proctor will take on Bacon's role, for which he will relocate to Singapore. He will oversee the build-out of all product-based, portfolio management and advisory solutions for the private bank in the Asia Pacific region.
He will report to Roger Bacon and David Bailin, global head of managed investments.
Citi Private Bank has approximately $390 billion in global assets under management.