Citi hires BofA Merrill's head Andy Sieg to lead wealth unit

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Citi hires BofA Merrill's head Andy Sieg to lead wealth unit
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Citigroup Inc on Thursday it has hired Andy Sieg to lead its global wealth arm from Bank of America Corp , where he led the Merrill Wealth management unit.

Sieg's departure led to the appointments of Lindsay Hans and Eric Schimpf as co-leads of Merrill Wealth Management, Bank of America said in a separate statement.Schimpf began his career as a Merrill financial adviser in 1994 and Hans joined in 2014.

Reporting by Jaiveer Shekhawat and Lananh Nguyen, additional reporting by Saeed Azhar; Editing by Sriraj Kalluvila and Marguerita ChoyLananh Nguyen is the U.S. finance editor at Reuters in New York, leading coverage of U.S. banks. She joined Reuters in 2022 after reporting on Wall Street at The New York Times.

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