Bank of America Names Sieg to Head of Retirement Group
NEW YORK, NY, September 29, 2009 -- Bank of America today announced that Andrew M. Sieg will be joining the bank as managing director and head of Global Wealth and Investment Management (GWIM) Retirement and Philanthropic Services. Sieg is based in New York and will report to Sallie Krawcheck, president of GWIM. Sieg's group is responsible for personal retirement solutions and providing administration, recordkeeping, custodial, communications, consulting and execution services to businesses, organizations, their employees and members, in connection with approximately 40,000 workplace-based benefit plans.
"Andy's experience and enthusiasm make him a great addition to our team," said Krawcheck. "Retirement and Philanthropic Services is a critical business that is poised to capture an even larger market share. Andy and his team will continue to build upon this foundation as we strengthen our offerings across the platform to better serve all of our client segments."
Sieg most recently served as head of Citigroup's Emerging Affluent Client segment, with responsibility for the firm's approach to attracting and serving affluent U.S. households. Prior to joining Citigroup in 2005, Sieg led Merrill Lynch's New York International Complex, the firm's flagship international private client office. Before that he led Merrill Lynch's San Diego office complex. Sieg joined Merrill Lynch in 1992 as an analyst in the policy planning group and later served as assistant to the chairman and president. In 2000, he was appointed managing director and head of the firm's Financial Advisory Center, a call center-based offering he helped to create for clients.
Sieg received a bachelor's degree in economics from Penn State University in 1989 and a master's degree in public policy from Harvard Kennedy School in 1992.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,500 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
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