Goldman Sachs has recruited a Citigroup managing director to co-run its corporate broking business in the UK – a year after its previous co-head Phil Shelley left for Barclays.

Charles Lytle, who was one of five managing directors in Citigroup's corporate broking team, led by Michael Lavelle, has taken on the role alongside Goldman Sachs's existing head of corporate broking, Phil Raper, according to people familiar with the matter. Lytle specialises in technology.