Citigroup sued by former executive who says it mishandled sexual

Citigroup sued by former executive who says it mishandled sexual

Citigroup was sued on Monday by a former managing director who said she was pressured out after being sexually harassed by Andy Sieg, who oversees the financial institution’s wealth administration unit and is one in every of the financial institution’s top executives.

In a grievance filed in Manhattan federal court docket, Julia Carreon, who was global head of platform and experiences, said Sieg initially supported her and helped her acquire a promotion soon after beginning his job in October 2023, however shortly started a “campaign of unrelenting and egregious sexual harassment, manipulation, and grooming.”

She said the financial institution’s “weaponized” human sources division then started its personal campaign to power her out, “consistent with HR’s perpetuating Citi’s decades-long history of bias and harassment against women,” until she left in June 2024.

Citigroup was sued by former managing director Julia Carreon, who said she was pressured out after being sexually harassed by Andy Sieg, who oversees the financial institution’s wealth administration unit. LinkedIn

Citigroup said in a press release: “This lawsuit has absolutely no merit and we will demonstrate that through the legal process.”

Sieg shouldn’t be a defendant. Lawyers for Carreon didn’t instantly reply to requests for extra remark.

Bank defending against other harassment claims

Carreon is searching for unspecified damages for alleged racial discrimination under federal legislation, and racial and sexual discrimination under New York state and metropolis legal guidelines.

Bloomberg News and the Financial Times reported last yr on allegations that Sieg intimidated and sidelined staff, with Bloomberg saying males in addition to women raised considerations about his conduct.

Sieg shortly started a “campaign of unrelenting and egregious sexual harassment, manipulation, and grooming,” according to 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 financial institution by belongings and the largest led by a lady. Sieg is one in every of Chief Executive Jane Fraser’s highest-profile hires.

The financial institution is also defending against a lawsuit by another managing director, Ardith Lindsey, who sued over a different supervisor’s alleged violent threats and Citigroup’s alleged “pervasive” tradition of sexual harassment and gender discrimination.

Citigroup is the third largest US financial institution by belongings and the largest led by CEO Jane Fraser. REUTERS

Treated ‘much differently’ from males

In her grievance, Carreon said Sieg handled her “much differently” from her male colleagues, calling and texting her a number of instances every week and sharing confidential info.

She said Sieg soon started insisting she sit near him at conferences, and insinuating to others that that they had an intimate relationship.

Carreon said Sieg also told 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 said Sieg handled her “much differently” from her male colleagues, calling and texting her a number of instances every week and sharing confidential info. LinkedIn

According to the grievance, Sieg stopped speaking with Carreon in May 2024, when she realized that human sources had been investigating false allegations that she was a bully and superior her profession because she had “special access” to Sieg.

“Carreon understood from experience that HR would circle the wagons to protect the men of Citi,” the grievance said. “Citi’s takedown was successful.”

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