Citi Pays New Wealth Head Sieg $11.3 Million For First Three Months

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Citi Pays New Wealth Head Sieg $11.3 Million For First Three Months

(Bloomberg) -- Citigroup Inc. paid new wealth management chief Andy Sieg $11.3 million for his inaugural quarter at the Wall Street bank.Sieg, 56, arranged the so-called golden handshake before joining in late September from Bank of America Corp., with Citigroup guaranteeing him $11 million in cash and equity incentives on top of his salary, according to a filing Tuesday.The award, amounting to the highest pro rata compensation for the bank’s to…