Citi's Head Of Wealth Sieg Says Still Hiring For Key Roles; Departures Come From Self-Examination, Rigor; Investors Have Been Disappointed By The Unit's Returns
Portfolio Pulse from Benzinga Newsdesk
Citi's Head of Wealth, Andy Sieg, announced that the company is still hiring for key roles despite recent departures. These departures are attributed to a self-examination and rigorous review process. Investors have expressed disappointment with the unit's returns.
June 12, 2024 | 6:43 pm
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Citi is continuing to hire for key roles in its wealth management unit despite recent departures. These departures are part of a self-examination and rigorous review process. Investors are disappointed with the unit's returns.
The news indicates that Citi is undergoing internal changes and is still committed to hiring for key roles. However, investor disappointment with the unit's returns could neutralize any positive sentiment from the hiring news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100