03:36 PM EDT, 08/20/2024 (MT Newswires) -- (Updates with Citigroup's ( C ) response.)

Goldman Sachs Group ( GS ) has hired former Citigroup (C) banker Matt Beitzel as a partner in its financial institutions group to oversee dealmaking initiatives with banks and financial firms in the Americas, Reuters reported Monday, citing a company memo.

Beitzel, who previously led Citigroup's ( C ) North American banking coverage, will start at Goldman in November, people familiar with the matter reportedly told Reuters.

A spokesperson for Goldman confirmed the memo's content, Reuters reported.

A Citigroup spokesperson told MT Newswires in an email that they are looking into the hiring inquiry and will revert.

Goldman Sachs ( GS ) did not immediately respond to MT Newswires' requests for comment.

(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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