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Citi investigating HR complaints against wealth head Sieg, Bloomberg News reports
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Citi investigating HR complaints against wealth head Sieg, Bloomberg News reports
Aug 20, 2025 8:14 AM

Aug 20 (Reuters) - Citigroup ( C/PN ) has hired law firm

Paul Weiss to investigate complaints about the behavior of the

bank's wealth management chief, Andy Sieg, Bloomberg News

reported on Wednesday, citing people with direct knowledge of

the matter.

The complaints accused Sieg "of intimidating and unfairly

sidelining employees", the report said. Reuters could not

immediately verify the report.

Sieg did not respond to Reuters requests by phone, LinkedIn

and email for a comment. Spokespeople for Citi and Paul Weiss

did not immediately respond to Reuters requests for comment.

Bloomberg cited Citi spokesperson Mark Costiglio who said in

a statement it was a "standard practice" for the bank to engage

an outside law firm to probe allegations against a senior member

of the management team "to ensure independence and prevent even

the appearance of a possible conflict of interest".

Costiglio did not immediately respond to a Reuters request

for comment.

Sieg joined Citi as the head of wealth management from rival

Bank of America in September 2023.

(Reporting by Manya Saini in Bengaluru; additional reporting by

Lananh Nguyen in New York; Editing by Arun Koyyur)

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