One of Citis most senior credit salespeople is understood to be leaving for Bank of America.Sources say that Chris Totman, head of North American credit sales at Citi is resigning to join Bank of America.Citi declined to comment. Neither BofA, nor Totman responded to a request to comment.Totman had been at Citi since graduating from Columbia University in 2002. He was previously head of high yield sales for the bank.Bank of America has been in need of some new credit sales people since its former New York-based co-heads of FIC sales left. Greg Driscoll left in February this year and Danielle Pluthero left last July.Totman represents a major recruit for

One of Citis most senior credit salespeople is understood to be leaving for Bank of America. Sources say that Chris Totman, head of North American credit sales at Citi is resigning to join Bank of America. Citi declined to comment. Neither BofA, nor Totman responded to a request to comment. Totman had been at Citi since graduating from Columbia University in 2002. He was previously head of high yield sales for the bank. Bank of America has been in need of some new credit sales people since its former New York-based co-heads of FIC sales left. Greg Driscoll left in February this year and Danielle Pluthero left last July. Totman represents a major recruit for Bank of America, which is on a hypothetical hiring freeze right now, but has already been seen making exceptions to hire traders in Paris. Last year was a better year for macro traders than for credit traders, but with credit spreads widening and credit conditions tightening amidst fears of defaults, opportunities for credit traders are increasing. Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. Have a confidential story, tip, or comment youd like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher) Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will - unless its offensive or libelous (in which case it wont.)

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Citigroup (C.N), opens new tab has promoted three senior healthcare investment bankers - Sumit Khedekar, Nishant Jadav and Michael Guarino - in the banks push to win more deals in the industry, an internal memo seen by Reuters on Tuesday showed. Sumit Khedekar, who had led the Wall Street banks biopharma unit and healthcare investment banking in the Americas, has been named head of healthcare globally, said Chuck Adams, global head of the healthcare, consumer and retail investment-banking groups at Citi, in the memo. The appointments reflect the accomplishments of the three bankers in the biopharma and healthcare services sectors, said Adams in the memo, noting also that healthcare was a key part of Citis strategy to grow its investment banking franchise. A Citi spokesperson confirmed the contents of the memo. Khedekar joined Citi in 2022 after working at Credit Suisse and Bank of America, according to his LinkedIn profile. Nishant Jadav was named global head of healthcare services. Michael Guarino will assume Jadavs role as head of healthcare services in North America, according to the memo. Jadav joined Citi in 2022 after serving about 17 years at Bank of America, his LinkedIn profile showed. Guarino, a former Goldman Sachs investment banker, has headed healthcare technology investment banking in North America since joining Citi in 2022. Citi has recently advised on some notable healthcare deals, including Catalents (CTLT.N), opens new tab $16.5 billion sale to the parent company of Novo Nordisk (NOVOb.CO), opens new tab.

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Sumit is a Managing Director at Citi, a position he has held since January 2022. Prior to this, he served as a Managing Director at Credit Suisse from January 2015 to January 2022. He also worked as a Managing Director at Bank of America Merrill Lynch from September 2010 to January 2015. Earlier in his career, he was a Director at Credit Suisse from June 2000 to September 2010.

Sumit holds a Bachelor of Arts in Economics from Stanford University.

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Nishant is a Managing Director at Citi, a position he has held since February 2022. Prior to this, he worked at Bank of America Merrill Lynch, where he joined in January 2014 as a Director in Healthcare Investment Banking and was later promoted to Managing Director, a role he left in February 2022. Between March 2005 and December 2013, he held three Vice President positions at the same firm. Nishant began his career at Bank of America Merrill Lynch as an Associate in Healthcare Investment Banking. Earlier, he worked as an Equity Research Analyst at India Infoline Ltd from September 2003 to July 2004 and as an Analyst at Prebon Yamane from June 2002 to July 2003.

He holds a Master of Commerce in Banking from the University of Mumbai (2002 - 2004) and a Master of Finance from the Institute of Chartered Financial Analysts of India (2001 - 2004).

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Michael is the Managing Director and Head of Healthcare Technology at Citi, a position he has held since October 2022. Previously, he served as a Managing Director at Goldman Sachs from January 2015 to October 2022. Before that, he was an Associate at HealthCare Royalty Partners from July 2013 to July 2015. His career began as an Analyst in Healthcare Investment Banking at Stifel Financial Corp, where he worked from July 2010 to July 2013.

Michael holds a B.A. in Biophysics from The Johns Hopkins University.

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