global equity head for citi private & consumer bank

Citi Private & Consumer Bank Appoints New Global Equity Head

Citigroup's private and consumer bank has announced several key appointments, further solidifying its leadership team. As part of these changes, Lindsay Hans and Eric Schimpf have been promoted to co-heads of Merrill Wealth Management, effective immediately.

Hans previously served as a regional division executive for six years, while Schimpf spent six years in the same role at the division-executive level. Both will report directly to Bank of America chair and CEO Brian Moynihan.

Meanwhile, Robert Way has been promoted to lead Citi's UK investment banking team, succeeding Jim O'Donnell who will become the bank's head of senior client engagement. This change is part of a broader restructuring effort aimed at bolstering the company's global wealth management capabilities.

In related news, Andy Sieg has been appointed as the next head of global equity for Citi Private & Consumer Bank. Sieg brings over two decades of experience in the financial industry, including stints at Merrill Lynch and Citi. He will succeed Karen Peetz, who is set to retire in May after a three-year tenure as chief administrative officer.

Finally, Anand Selva has been named Chief Operating Officer (COO) for Citi Private & Consumer Bank. A 32-year veteran of the company, Selva has previously held roles such as head of consumer banking in Asia-Pacific and CEO of the US consumer banking division. As COO, he will lead efforts to enhance risk management, data governance, and internal controls.

These appointments demonstrate Citi's commitment to building a strong leadership team that can drive growth and success for its private and consumer bank divisions. With their extensive experience and expertise, Hans, Schimpf, Way, Sieg, and Selva are well-positioned to make a positive impact on the company's future performance.

Global equity head for citi private & consumer bank