April 20 Citi Private Bank (CPB), a unit of Citigroup Inc which caters to wealthy individuals and families, promoted Roger Bacon to the role of head of investments for the Asia-Pacific region.
Bacon will continue to be based in Hong Kong and report to Eduardo Martinez Campos, global head of investments of Citi Private bank and Bassam Salem, APAC chief executive for CPB.
Adam Proctor, former senior private banker within Citi, will take on Bacon's previous position as head of managed investments.
Proctor will be based in Singapore and will also report to Bacon. (Reporting by Ahmed Farhatha in Bengaluru)
Sears Canada to end pension payments-court filing
NEW YORK, June 22 Sears Canada Inc plans to file a motion with a Canadian court to request permission to suspend certain monthly payments to its pension plan because it is running low on cash, according to a court filing.
UPDATE 2-Venezuela in talks with Nomura to sell fixed-income securities -sources
CARACAS, June 22 Venezuela's central bank is seeking to sell fixed-income securities to Nomura Holdings Inc as a way of raising cash amid an economic crisis, an opposition deputy and a finance industry source said on Thursday, only weeks after a similar deal embroiled the Japanese bank in controversy.