Edward Ruff, 40 year-old Citigroup MD accused of shouting at juniors, had a rough start

efinancialcareers.com:

It's been a rough few months for Edward Ruff, a 40-year-old managing director at Citigroup in New York. 

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Ruff, who is in Citi's industrials, energy and power team and who was promoted to managing director in 2021, has been put on leave, says<a target="_blank" rel=«noopener noreferrer» href=«https://ca.finance.yahoo.com/news/exclusive-citigroup-probes-senior-ipo-153301471.html?soc_src=social-sh&soc_trk=tw&tsrc=» https:> Reuters.

He is accused of berating juniors.

Citi declined to comment on Ruff's allegedly poor behavior. Reuters alleges that he shouted insults at members of his team following a November meeting in Citi's New York headquarters. Ruff was reportedly unhappy after some team members arrived late. Reuters claims he was shouting so loudly that a fellow MD, James Maitland, came to intervene. Maitland did not confirm this to Reuters.

On a separate occasion, a few days earlier, a new analyst who joined Citi through a diversity program in July 2023, is said to have reported to a senior Citi employee that Ruff had intimidated him during a telephone call. Having done so, Reuters claims that Ruff told the minority analyst not to go to HR. Bloomberg says the analyst concerned is a person of color. 

Ruff also stands accused of complaining when his analysts didn't work Saturdays, even though Citi operates a protected Saturdays program where analysts get the day off. 

Ruff didn't immediately respond to a request to comment on the allegations. He is, effectively, a Citigroup lifer, having joined the bank in 2012. However, Ruff's career hasn't been entirely plain sailing.

Ruff grew up in a solidly middle class Chicago family (his father runs a large law firm), before