02:40 PM EST, 02/19/2025 (MT Newswires) -- Citigroup ( C ) is seeing the co-heads of its North America equity capital markets business leave for positions at separate investment management firms, Bloomberg reported Wednesday, citing sources familiar with the matter.

Paul Abrahimzadeh will become a partner at 1789 Capital while Russell Chong is set to join Patient Square Capital as a partner, according to the report.

Chong is expected to start his new role in May, one of the sources said.

Citigroup ( C ), 1789 Capital, Patient Square, and the two executives declined to comment, Bloomberg reported. Citigroup ( C ) also did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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