Among other reasons, Sieg's visit coincides with the 15th birthday of Citigold Private Client in Hong Kong.

Last week, Citigroup made a point of announcing that one of its most senior figures, Andy Sieg – head of wealth – had visited Hong Kong, reflecting that the US lender is reaffirming its commitment to the Asian city and marketplace. 

Sieg’s visit coincides with the 15th anniversary of Citigold Private Client in Hong Kong, as well as the release by the bank of its latest Hong Kong Affluent Study.

(Editor's note: The fact that a US-headquartered bank such as Citigroup is making a point about a senior figure visiting the Asian centre could be questioned, given US-China trade tensions.) 

“His visit underscores our commitment to the region and the clients we have partnered with for over a decade. Fifteen years ago, driven by the aspiration to lead in wealth management, we launched Citigold Private Client in Hong Kong,” Vicky Hong, head of wealth, North Asia and Australia, said. “Through our trusted advisory service and comprehensive wealth solutions, we have been growing with our clients every single step of the way on their wealth creation journey.”

The wealth arm of Citigroup is on a roll, globally. In October, it announced that net income at the wealth arm, which includes businesses such as Citi Private Bank, rose strongly by 32 per cent in the third quarter of 2025 from a year earlier to $374 million.

In September the bank appointed Lee Lung-Nien as its Singapore country officer and banking head. In November 2022, the bank opened one of its wealth centres in Hong Kong.