Barclays Inc’s former Asia Pacific CEO Andrew Jones is retiring after having served the bank for almost 20 years. Meanwhile, Citi Private Bank has named Roger Bacon as the new Head of Investments for Asia Pacific.
Barclays veteran retires
Barclays Inc‘s former Asia Pacific CEO Andrew Jones is retiring after having served the bank for almost 20 years, according to media reports.
Andrew Jones’, popularly known in the banking circles as Andy Jones, departure was reported earlier this year after Barclays decided to shut its cash equities business in Asia and also sold its wealth management business in Hong Kong and Singapore to OCBC.
Jones was the Singapore-based CEO for the bank since 2014. In January, Barclays appointed Jaideep Khanna and Reid Marsh as co-heads for the region.
As the Asia Pacific CEO, Jones was responsible for Investment Bank, Wealth & Investment Management, Corporate Bank and infrastructure in Asia Pacific.
Citi Private Bank names APac Investments for APac
US-based Citi Private Bank has named Roger Bacon as the new Head of Investments for Asia Pacific, according to a report in finews.com on Friday.
Bacon will be based in Hong Kong and report to Eduardo Martinez Campos, Global Head of Investments and Bassam Salem, Asia Pacific CEO of Citi Private Bank.
Bacon was so far serving as the Head of Managed Investments and Advisory for Asia Pacific for the bank.
Meanwhile, Adam Proctor who was the Global Market Manger of the Global Client Program, will take the charge as Head of Managed Investments and Advisory for Asia Pacific. He will report to Bacon and relocate to Singapore.