Citigroup said to name Buckley to replace Peterson in Japan

Citigroup Inc appointed Darren Buckley to replace Douglas Peterson as head of its Japan unit, after selling assets in the world’s second-largest economy last year, said a person with knowledge of the matter. Buckley, 43, is in charge of Citibank Japan Ltd, said the person, who declined to be identified because the appointment hasn’t been publicly announced. Buckley will oversee slimmed-down operations, after Citigroup sold assets in Japan to focus on repaying a government bailout. Citigroup agreed in May to sell its Japanese retail brokerage and parts of its investment-banking unit to Sumitomo Mitsui Financial Group Inc for ¥545bn ($5.8bn).