The private banking firm is putting together its new organisational structure for Asia.

Citi Private Bank has appointed Adam Proctor as global market manager for Singapore, Australia and New Zealand, effective immediately, and part of a restructuring of its organisation.

In this new role, Proctor will report to Jyrki Rauhio, the private bank's South Asia Head, and will continue to be based in Singapore.

Proctor has more than 17 years of experience in the private banking business, and was most recently the head of managed investments and advisory for the Asia-Pacific region, reporting to Roger Bacon, head of investments for Asia-Pacific, and David Bailin, global head of managed investments. He joined Citi Private Bank in 2008 as a private banker and was appointed the UK banker team leader for ultra-high net worth clients in 2012, the bank said in a statement yesterday.

In December last year, Citi announced a new organisational structure, naming Jyrki Rauhio as South Asia Head and Rudolf Hitsch as North Asia Head. As part of the new structure, global market managers will be appointed in certain regions so that the firm is more tightly aligned with what clients need, it said.
 
Prior to moving to Asia, Proctor served as a senior private banker in London and head of the global client programme. Before his time at Citi, Proctor worked at Barclays Private Bank in London and Bristol, Citi said.

In October 2017, Citi appointed Steven Lo as regional Head of the private bank in Asia-Pacific, following the announcement of Bassam Salem’s retirement.