Citigroup sued by former executive who says it – Business News
Citigroup was sued on Monday by a former managing director who mentioned she was pressured out after being sexually harassed by Andy Sieg, who oversees the bank’s wealth management unit and is one of the bank’s high executives.
In a grievance filed in Manhattan federal courtroom, Julia Carreon, who was international head of platform and experiences, mentioned Sieg initially supported her and helped her get hold of a promotion quickly after beginning his job in October 2023, however shortly started a “campaign of unrelenting and egregious sexual harassment, manipulation, and grooming.”
She mentioned the bank’s “weaponized” human assets division then started its own marketing campaign to drive her out, “consistent with HR’s perpetuating Citi’s decades-long history of bias and harassment against women,” till she left in June 2024.
Citigroup was sued by former managing director Julia Carreon, who mentioned she was pressured out after being sexually harassed by Andy Sieg, who oversees the bank’s wealth management unit. LinkedIn
Citigroup mentioned in a assertion: “This lawsuit has absolutely no merit and we will demonstrate that through the legal process.”
Sieg will not be a defendant. Lawyers for Carreon didn’t instantly reply to requests for added remark.
Bank defending towards different harassment claims
Carreon is searching for unspecified damages for alleged racial discrimination beneath federal law, and racial and sexual discrimination beneath New York state and metropolis legal guidelines.
Bloomberg News and the Financial Times reported final 12 months on allegations that Sieg intimidated and sidelined staff, with Bloomberg saying males in addition to girls raised issues about his conduct.
Sieg shortly started a “campaign of unrelenting and egregious sexual harassment, manipulation, and grooming,” in accordance with the lawsuit. Citigroup
Sieg didn’t reply to requests for remark for Bloomberg’s article and declined to remark for the Financial Times’ article.
Citigroup is the third largest US bank by property and the most important led by a lady. Sieg is one of Chief Executive Jane Fraser’s highest-profile hires.
The bank can also be defending towards a lawsuit by one other managing director, Ardith Lindsey, who sued over a totally different supervisor’s alleged violent threats and Citigroup’s alleged “pervasive” tradition of sexual harassment and gender discrimination.
Citigroup is the third largest US bank by property and the most important led by CEO Jane Fraser. REUTERS
Treated ‘much differently’ from males
In her grievance, Carreon mentioned Sieg handled her “much differently” from her male colleagues, calling and texting her a number of instances a week and sharing confidential data.
She mentioned Sieg quickly started insisting she sit close to him at conferences, and insinuating to others that they’d an intimate relationship.
Carreon mentioned Sieg additionally advised two male colleagues in her presence that he and he or she shared a “secret song,” by the rock band Kings of Leon, inflicting the room to fall silent.
In her grievance, Carreon mentioned Sieg handled her “much differently” from her male colleagues, calling and texting her a number of instances a week and sharing confidential data. LinkedIn
According to the grievance, Sieg stopped speaking with Carreon in May 2024, when she discovered that human assets had been investigating false allegations that she was a bully and superior her profession as a result of she had “special access” to Sieg.
“Carreon understood from experience that HR would circle the wagons to protect the men of Citi,” the grievance mentioned. “Citi’s takedown was successful.”
