NEW YORK — Citigroup Inc. has promoted Frances Sevilla-Sacasa to head of the Latin American market region of its private bank.

Ms. Sevilla-Sacasa, 45, previously headed the private bank’s southeastern U.S. division.

In her new post she manages Citi’s private bank offices throughout Latin America. She succeeds Natica von Althann, who was transferred to a strategic post working for Citi’s chief financial officer.

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