Citi has long way to fulfill Sieg's big dreams By Dan Shaw November 04, 2024, 3:13 p.m. EST 10 Min Read ...

Citi head of wealth Andy Sieg (right) talks with Yahoo Finance Executive Editor Brian Sozzi (left) at the 2025 Milken Institute Global Conference about the path forward for stocks after a recent ...

Citi's path to its wealth management ambitions lies not so much in bringing in new clients as in deepening relationships with existing ones. That's what Citi Head of Wealth Andy Sieg said at the BofA ...

The private bank is one of three core units of the wealth business at Citigroup, which has been revamping its strategy under Sieg, who joined the business from Bank of America Corp. in 2023.

A key piece of Citi's wealth management overhaul is the recruitment of Andy Sieg, the former head of Merrill Lynch, to lead the bank’s global wealth division.

A year after his arrival, Andy Sieg—a tall Pennsylvania native who ran Bank of America Corp.’s Merrill Lynch wirehouse—has since fired managers, filled senior posts with external hires ...

Andy Sieg, who was hired last year by the lender, said the unit's recent results are starting to take hold, the report said, citing an interview with the head of wealth.

That’s included a key hire in Andy Sieg, the former head of Bank of America’s Merrill Lynch arm, to run and improve Citi’s global wealth business.

Citi has also shuffled its wealth management leadership, hiring former Merrill Lynch head Andy Sieg as head of wealth in late 2023 and former JPMorgan Chase banker Vis Raghavan as head of banking.

Citigroup is simplifying the management structure in its private bank following the departure of Ida Liu, who announced Monday that she will resign this month after 18 years at the megabank.

Reuters FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo ...

Citi's head of global wealth Andy Sieg is bullish on U.S. equities, saying he expects stocks can rally after the uncertainty from the election is lifted.