Deutsche Bank Hires Citi Dealmaker to Strengthen US Healthcare Investment Banking – Memo | Investment News

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(Reuters) – Deutsche Bank AG has hired Citigroup Inc’s Jorge Barreiro as managing director of its U.S. healthcare investment banking team, according to an internal memo seen by Reuters on Friday.

In his new role, Barreiro will focus on the bank’s coverage of digital technology and healthcare-focused companies, according to the memo sent by Nick Richitt, co-head of global healthcare investment banking at the Bank.

A Deutsche Bank spokesperson confirmed the contents of the note.

Barreiro will be based in New York and will take up his new role in November. Barreiro, who spent more than a decade at Citi, recently led Clover Health’s IPO and advised Nordic Capital on its acquisition of Inovalon Holdings Inc.

Barreiro will report to Richitt in his new role.

The appointment comes a month after Deutsche Bank hired industry veterans Spencer Watts and Helen Oesch of Nomura Holdings Inc and Bank of Montreal, respectively, as managing directors of the US banking team. investment in the health sector.

Deutsche Bank has hired 10 senior executives in this division so far this year, including the appointment of Priyanka Verma, an industry expert who has worked with clients such as Thermo Fisher and KKR & Co.

(Reporting by Sohini Podder in Bengaluru; Editing by Shailesh Kuber and Amy Caren Daniel)

Copyright 2021 Thomson Reuters.

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