Here is a digest of significant wealth and asset management appointments, promotions and departures during the previous month.
Tag: Roger Bacon
Senior exits at Citi Private Bank
Global head of Citigroup’s private banking business, Ida Liu, and Apac head of investments Roger Bacon are among the departures.
Citi expects volatile second half
Don’t be misled by the lazy summer, risk management now has high importance, according to Roger Bacon, Citi Private Bank’s Asia-Pacific head of managed investments.
Citi Private Bank unfazed by A-share rout
“A degree of froth has come out of China’s market” and the bank’s fundamental view remains “very positive”, said Roger Bacon, Asia-Pacific head of managed investments, who shared his second half outlook with Fund Selector Asia.
Asset manager IPOs raise questions for gatekeepers
After a fund house goes public, attention to its own stock price could detract from managing funds for clients, according to industry sources.
Citibank sees spike in discretionary business
In Asia, the bank had a dramatic flow into fixed income mandates in the second half due to client uncertainties in regards to the looming US rate hike.
Citibank is buying equities in 2015
Roger Bacon, head of Citibank’s managed investments in Asia, sketches the bank’s investment themes for 2015, which he believes will be a challenging year.
Part 2 Roger Bacon interview
In the second part of Fund Selector Asia’s interview with Roger Bacon, head of Citibank’s managed investments in Asia, he discusses his current views on asset classes and geographies.
Interview with Roger Bacon part 1
In Asia, Citibank’s $251bn retail and private wealth management business is growing at roughly 12% per year, while at the same time discretionary mandates are gradually increasing.
