Deutsche Bank hires Citi dealmaker to beef up U.S. healthcare investment banking – memo

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The brand of Germany’s Deutsche Financial institution is on show forward of the financial institution’s annual shareholder assembly in Frankfurt, Germany, Could 23, 2019. REUTERS/Kai Pfaffenbach/File Picture

Sept 24 (Reuters) – Deutsche Financial institution AG has employed Jorge Barreiro from Citigroup Inc because the managing director for its U.S. healthcare funding banking workforce, in line with an inside memo seen by Reuters on Friday.

As a part of his new position, Barreiro will concentrate on the financial institution’s protection of digital and healthcare-focused expertise firms, in line with the memo despatched by Nick Richitt, the worldwide co-head of Healthcare Funding Banking on the financial institution.

A Deutsche Financial institution spokesman confirmed the contents of the memo.

Barreiro can be primarily based in New York and begin in his new position in November. Barreiro, who spent greater than a decade at Citi, lately led Clover Well being’s public itemizing and suggested Nordic Capital on its acquisition of Inovalon Holdings Inc .

Barreiro will report back to Richitt in his new position.

The appointment comes a month after Deutsche Financial institution employed trade veterans Spencer Watts and Helen Oesch from Nomura Holdings Inc and Financial institution of Montreal , respectively, as managing administrators of the U.S. healthcare funding banking workforce.

Deutsche Financial institution has employed 10 senior executives to this division thus far this yr, together with the appointment of Priyanka Verma, an trade skilled who has labored with purchasers corresponding to Thermo Fisher and KKR & Co .

Reporting by Sohini Podder in Bengaluru; Enhancing by Shailesh Kuber and Amy Caren Daniel


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