‘Expletive-filled rants’ | Citi Wealth Head investigated by HR after conduct complaints

Citigroup has investigated its Head of Wealth, Andy Sieg, following complaints from numerous managing directors at the bank about his behaviour.

As first reported by Bloomberg, Citi recently engaged law firm Paul Weiss to look into complaints from current and former staff alleging that he intimidated and humiliated them.

At least six MDs lodged complaints with Citi’s HR department about Sieg’s conduct, prompting Chief Human Resources Officer Sara Wechter to launch the probe.

Citi boss investigated amid conduct complaints

Sieg was appointed by Jane Fraser, Citi’s Chief Executive Officer, in September 2023, as part of plans to turn around performance at the bank.