
HSBC appoints ex-Citi executive with past conflicts with Andy Sieg
HSBC has appointed a former Citi executive who previously clashed with Andy Sieg, as part of its strategic hiring efforts.
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HSBC has appointed a former Citi executive who previously clashed with Andy Sieg, as part of its strategic hiring efforts.

Andy Sieg, Citi's head of wealth management, faces multiple complaints from senior colleagues about his conduct, including swearing and sarcasm, prompting an investigation. Despite the allegations and team departures, Citi publicly supports him, citing his leadership and business performance.

Citigroup is investigating complaints against its wealth-management chief, Andy Sieg, for alleged intimidating and unfair behavior, including incidents involving senior female executives. The law firm Paul Weiss has completed its inquiry, which was prompted by internal complaints and anonymous reports, amid ongoing efforts to reshape the bank's wealth division under CEO Jane Fraser. Despite the controversy, Sieg remains a key figure in Citigroup's leadership and the bank's efforts to expand its wealth business.