A popular investment banking and financial services brand is heading towards a leadership transition in the coming months. Citigroup’s wealth management division is preparing for a leadership change this August. With more than 30 years of experience, Ronald Meraz is about to emerge as a new leader at the company.
Highlights
- Ronald Meraz has been named the new Wealth Regional Director for California and Nevada for Citigroup.
- As the regional director, he will oversee the wealth sales organization across more than 275 branches in the California and Nevada region.
- Meraz was previously working for Merrill Lynch and holds 30+ years of industry experience.
Ronald Meraz Will Oversee California and Nevada
Merrill Lynch’s Ronald Meraz will join Citigroup in August 2025 (Source: @ronmerazlinkedin)
A longtime executive at Merrill Lynch, Ronald Meraz is about to step into a leadership role at Citi’s wealth management field. All set to take charge in August, Meraz will be the regional director for California and Nevada.
According to an internal memo by Citigold’s head, David Poole, his responsibilities will include overseeing Nevada and California.
Since 2020, Meraz has been handling Merrill Lynch’s Palo Alto market in California.
Previous Wealth Management Initiatives Under Andy Sieg
The wealth management vertical at Citi has been spearheaded by Andy Sieg ever since his appointment in 2023. Sieg oversaw several strategic initiatives during his stint, including planned layoffs and additions from Merrill plus other wirehouse companies.
The leader was also focused on enhancing cross-selling at the firm alongside referrals with the consumer bank. Sieg further hiked offers for new joiners and oversaw a 40% increase in Citigold’s headcount. Jane Fraser, Citi’s Chief Executive, lauded his efforts that allowed the global brand’s earnings and revenues to grow in the wealth division.
Citi’s Strategized Plans for Meraz
The memo signed by David Poole outlined new strategic plans for Meraz at Citi. According to it, Merrill Lynch’s Meraz will be managing more than 275 branches as the regional director. Citi expects that the new leader will increase productivity and drive investment growth by amplifying referral opportunities.
The New Leader Brings Along 33 Years of Industry Experience
Ronald Meraz’s career began with his role at Merrill Lynch, which started almost 33 years ago. He then took up a new position at UBS Management USA in 2008. Over there, Meraz handled the Los Angeles market as the managing director. However, he returned to Merrill Lynch in 2020, which manages assets worth more than $3.5 trillion.
Citi’s latest decision to bring Ronald Meraz on board as a regional director highlights its attempt at boosting productivity and enhancing client relationships. Meraz’s 33 years of experience, including a long stint at Merrill Lynch, is expected to support Citi’s long-term strategic goals.
[Editor’s Note: This article has been updated to correct Meraz’s title and responsibilities in the new role.]
