Head of Wealth, Citigroup
Search every verified Andrew Sieg interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Andy Sieg, head of wealth at Citigroup, has said that the global wealth management industry is undergoing a "more profound set of changes" than in the prior three decades, citing a generational wealth transfer and smaller families receiving larger balances. He stated that the firm is focused on clients whose businesses and families cross jurisdictions, and that Citi's global network allows it to serve wealth creation around the world. Sieg described the private bank as the "crown jewel" of the business and said the firm had flattened its structure and increased focus there. He also said that Citi had "redoubled" its client focus in China and that its strategy for the country had not changed despite selling its onshore consumer wealth portfolio, with the firm now serving that market exclusively offshore from Singapore and Hong Kong. Regarding market conditions, Sieg said in April 2025 that the US was undergoing a "tectonic shift in policy" on trade and that it was "not a time to add to risk assets." He has stated that despite fears of "balkanization," globalization remains in place. Sieg has also said that artificial intelligence will not displace financial advisers, but that advisers who use AI will displace those who do not. He described ESG as a topic that is "not of right or left" but about what is "modern" in client dialogue, noting that the firm has conversations with clients about both Christian values portfolios and environmental leanings.
“This is a more profound set of changes happening right now than I think what we've seen in the prior three decades. There's not only more money that's moving, there's more money actually moving to families which are smaller today than families in the past, and so the stakes are much higher in terms of their ability to...”
“The millennial generation does care about profits and purpose; they go hand in hand but they don't want to trade off. They don't want to take less return but they do care about purpose, so things like ESG tend to come up in a lot of our conversations.”
“When you say ESG today it takes on a kind of political tone, but we have as many conversations with people who are thinking about how to build Christian values portfolios as those thinking about environmental leanings. I don't think this is a topic of right or left; I think this is a topic of what is modern in terms of...”
“If you're hesitant to broach ESG topics with clients, I would urge you to do so. It's the right thing to do and also commercially important because these conversations get you to a much deeper knowledge of clients more rapidly than almost any other conversation.”
“Technology is going to put a financial adviser out of business? That is not going to happen. While AI isn't going to displace advisers, I think advisers that use AI will displace advisers that don't. The impact of AI is going to be profound.”
“AI will start by bringing more efficiency to many of the things we do every day in the front office as well as the middle and back office, like generating call reports and meeting summaries. What excites me most is how AI can scale what a great advisor delivers to a handful of clients across hundreds of client relation...”
“We're in a time where wealth creation is happening at a level that we've never seen in the US and around the world. Despite political and geopolitical forces making people think about fragmentation, people are still going to operate globally, have global dreams, run global businesses, and have family members living aro...”
“One of the things that excites me is how the global network of Citi can help us compete for and serve curve growing wealth around the world like nobody else. These legacy strengths of Citi are going to come to the fore in terms of how we play and win the game in wealth management.”
“We've been pretty consistent for several weeks; this is not a time to add to risk assets.”
“This is a pivotal moment in terms of changes in global trade.”
“What we know for sure is this is a tectonic shift in policy.”
“US tariff rates are going up meaningfully to 10% minimum levels.”
“This is in dialogue with all of our clients, changing their perspective on markets and as importantly changing many of the discussions in boardrooms about how they run their businesses.”
“Despite fears of balkanization, globalization's here to stay; our clients have a worldwide view of opportunities and they're managing their businesses on a worldwide basis.”
“This is an environment with opportunity but one where the advice that comes from a bank like Citi is very valued.”
Worth Media explores the evolving landscape of wealth management with Andy Sieg, Head of Wealth at Citi Bank. Andy shares ...
Andy Sieg, head of wealth at Citi, discusses his macro perspective and the company's wealth business.
Andy Sieg, Citi head of wealth, joins 'Money Movers' to discuss the company's restructuring under Jane Fraser with respect to ...
Global lender Citigroup has strengthened its client focus in China and its strategy for the country has not changed despite the sale of its onshore consumer wealth portfolio to HSBC last year, says the bank's head of wealth Andy Sieg. He tells CNA's Elizabeth Neo that there will be more employees added to serve Indian clients. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Fac…
This is an extraordinary time in global history. Over the next decade, it is projected that there will be $100 trillion dollars of new ...
Andy Sieg, president at Merrill Wealth Management, joins CNBC's 'Squawk Box' to discuss the market's performance during the 1980s, what being an employee at a firm like Merill Wealth is like during market downturns and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News wit…
Merrill Wealth Management President Andy Sieg expects short-term "choppiness" in markets and explains why he is "incredibly bullish" for the medium- and long-term. He speaks on "Bloomberg Markets: The Close."
Merrill Lynch Wealth Management President Andy Sieg discusses the state of the consumer and the big week of economic data ahead on ‘Maria Bartiromo’s Wall Street.’ #FoxBusiness #Fox Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2…
Andy Sieg, Head of Merrill Lynch Wealth Management, and Age Wave CEO Ken Dychtwald teamed up to deliver the keynote “The Longevity Revolution and the Emerging Economy” at last month’s annual IAGG World Congress of Gerontology and Geriatrics—the largest worldwide conference on aging hosted over 6,000 professionals in gerontology and geriatrics. With the advent of global demographic aging and many people living and working longer, issues pertaining to longevity, funding for later years, and discussions of life priorities in the next phase of their lives are coming to the fore. Together, Sieg a…
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