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Citi high net worth head Penny Lovell exits

Another high-profile departure hits amid wealth chief Andy Sieg’s overhaul

The Wall Street giant is looking to turn around fortunes in a lagging unit
The Wall Street giant is looking to turn around fortunes in a lagging unit Photo: Getty Images

Citigroup’s head of high net worth Penny Lovell has left the bank as it continues to overhaul its wealth team, Financial News has learned.

Lovell joined Citi’s private banking business as a managing director in 2023 from Sanlam UK’s private wealth arm, where she was chief executive. 

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