Citi Wealth Services Head to Leave After Three Decades

Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization.

Eduardo Martinez Campos started his career in Citigroup’s markets business roughly three decades ago, according to a memo to staff from newly appointed wealth chief Andy Sieg.

The division will hold a meeting Dec. 5 to discuss its overhaul, according to the memo. A spokesperson declined to comment on the content of the memo.

Citigroup brought Sieg back from Bank of America Corp. earlier this year to oversee wealth management, a key pillar of Chief Executive Officer Jane Fraser’s plan to turnaround the Wall Street giant.

He previously worked there from 2005 to 2009 before the stint at Bank of America, where he most recently was president of Merrill Wealth Management.

“Since rejoining Citi in September, I have worked with our leadership team to determine the best composition for wealth that both ensures our business is aligned with Citi’s structure,” Sieg wrote in the memo.