Andy Sieg

Andy Sieg joined Citigroup in September 2023 as Head of Wealth, overseeing the bank's global wealth management business strategy and operations. He is a member of Citi's Executive Management Team and reports directly to CEO Jane Fraser. Sieg brings more than 30 years of experience in wealth management, having built a reputation as a strategic leader and change agent in the financial services industry.

Sieg earned a Bachelor of Science in Economics from Penn State University and a Master's Degree in Public Policy from the Harvard Kennedy School. Early in his career, he served in the White House as an aide to the assistant to the President for Economic and Domestic Policy. In 2015, he participated in the White House Conference on Aging, and he serves on the board of Friends of Notre-Dame de Paris and as an advisory council member for the Stanford Center on Longevity.

Career History

• President of Merrill Lynch Wealth Management (2017–2023): Oversaw a $18 billion business with $2.8 trillion in client deposits and managed more than 25,000 professionals. He introduced the "growth grid" pay plan that he credited with reviving household and asset growth at the company. In 2022, Merrill paid financial advisors $120 million in additional compensation via the growth grid.
• Senior Wealth Management Executive at Citigroup (2005–2009): Led the Emerging Affluent Client Segment within Citigroup Global Wealth Management.
• Merrill Lynch Career (1992–2009): Joined in 1992 and held senior strategy, product and field leadership roles in wealth management. Returned to Merrill Lynch in 2009 after the firm's acquisition by Bank of America.

What Sieg could bring to his current role as Head of Wealth at Citigroup: Based on his documented career, Sieg is positioned to drive transformation at Citi Wealth through his proven track record of implementing large-scale organizational change. His success with the growth grid at Merrill Lynch—which increased new household account acquisition from less than one per advisor to 5.5+ per advisor annually—demonstrates his ability to realign incentive structures and improve business performance. His strategic experience managing $2.8 trillion in client assets and 25,000+ professionals, combined with his prior tenure leading Citi's Emerging Affluent segment from 2005–2009, positions him to execute CEO Jane Fraser's strategic mandate to expand Citi's fee-based wealth business and drive improved returns across the global division.