citi private bank

The firm appoints Richard Straus to run its family office for North Asia as part of a global drive, and names Steven Lo as Hong Kong head and hires John Wang from Goldman to run Taiwan.

The bank hires Roger Bacon from Union Bancaire Privee as head of managed investments and advisory for Asia-Pacific as it sharpens its regional focus.

Rudolf Hitsch takes over the Hong Kong-based offshore role, following interim team leader Andrew Tung's move into a senior client-facing role.

Shantanu Rastogi will be based in Singapore as Citi private bank's global head of investments, which the bank says underscores the importance of Singapore to the private banking business.