In a move to make the firm more attractive to techies, Goldman Sachs’ new CIO Elisha Wiesel has relaxed the dress code for its computer engineers. While advising its tech division to “exercise judgment in determining when to adapt to business attire,” the firm’s directive did not specify whether hoodies or sneakers - the ad-hoc uniform of millennial tech workers - constitute acceptable dress.

According to Reuters, about a quarter of Goldman's 33,000 employees are engineers who have helped transform the firm since the 2007-2009 financial crisis by making trading more efficient and building new businesses such as its consumer lending platform called Marcus.

Most Goldman employees will still adhere to a professional business dress code unless told otherwise by their group managers.