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)