It has been reported that Citigroups Head of MENA and UAE Country Officer has left the bank. The individual was responsible for leading Citigroups MENA and UAE operations and managing the banks relationships with clients in the region. This marks a significant change in leadership for the bank and could have a profound impact on Citigroups operations in the region. It is unclear why the individual decided to leave the bank and what their next steps will be. However, it is likely that the bank will look to fill the position quickly in order to maintain continuity in their operations in the region.

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*CITIGROUPS HEAD OF MENA AND UAE COUNTRY OFFICER LEAVES BANK

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Citi | Elissar Farah Antonios | Head of MENA Cluster & CEO UAE | EMEA

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.

Citigroup Promotes Senior Bankers to Lead Global Healthcare Investment

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Head of Healthcare Investment Banking

Director

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.

Global Head of Healthcare Services

Senior Professional

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).

Head of Healthcare Services, North America

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.

Citi | Elissar Farah Antonios | Head of MENA Cluster & CEO UAE | EMEA

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