MOVES-Deutsche Bank beefs up U.S. healthcare M&A unit with new top-level hires
Aug 10 (Reuters) - Deutsche Bank AG has hired two new managing directors for its healthcare investment banking team in the United States, according to an internal memo seen by Reuters, as the bank looks to double down on healthcare dealmaking.
Spencer Watts and Helen Oesch, both veterans in the sector, will join the bank from Nomura Holdings Inc and Bank of Montreal respectively, and will be based in New York.
"We've been building out our coverage and capabilities, by hiring senior bankers to strengthen our existing presence in US Healthcare Services & Technology," Nick Richitt, the lender's global co-head of Digital and Healthcare Investment Banking, said in the memo on Tuesday.
Watts, who is joining this month, has previously held roles in the healthcare investment banking division of UBS Group AG , according to his LinkedIn profile.
Oesch, who is set to join in October, was earlier a director at Credit Suisse for nearly eight years. The new appointees will report to Richitt.
As part of a push to strengthen its U.S. healthcare mergers and acquisitions unit, Deutsche has made 10 new hires in the division so far this year. This includes the appointment of Priyanka Verma, an industry expert who has worked with clients including Thermo Fisher and KKR & Co, as managing director.
In recent months, the bank underwrote the initial public offering of Signify Health Inc and advised on the blank-check deal of mobile medical services provider DocGo.
(Reporting by Niket Nishant and Anirban Sen in Bengaluru; editing by Vinay Dwivedi)
