Morning Coffee: A Goldman Sachs partner London partner "retired" and look who hired him. Andy Sieg cut headcount by 20% at Citi wealth

AI Briefing

• – Goldman Sachs' Nirubhan Pathmanabhan joins Citadel Securities as CEO of EMEA business, marking the latest in a series of ex-Goldman hires at the firm.
• – Citi's Andy Sieg cuts 20% of staff from wealth management business, citing a need to 'right-size' the expense base.
• – Citi and Citadel Securities partner in clearing options trades, with Citadel taking control of the process after previously relying on Bank of America.