JPMorgan Hires Deutsche Bank’s Richitt for Health Care Deals
JPMorgan Chase & Co. has hired Deutsche Bank AG’s health care banker, Robert Richitt, to lead its health care investment banking team in the U.S.
Background of Robert Richitt
Richitt, who will be based in New York, will report to Chris Ventresca, head of U.S. health care investment banking at JPMorgan. Richitt has more than 20 years of experience in the health care sector, having worked at Deutsche Bank since 2008. He was most recently a managing director and head of health care investment banking at the German lender.
Prior to joining Deutsche Bank, Richitt was a managing director at Credit Suisse Group AG, where he worked for eight years. He also held positions at Goldman Sachs Group Inc. and Morgan Stanley.
JPMorgan’s Expansion in Health Care
JPMorgan has been expanding its health care investment banking team in recent years. The bank hired former Goldman Sachs banker Matthew Meehan in 2018 to lead its health care group in the U.S. In 2019, the bank hired former Credit Suisse banker Matthew Rizzo to lead its health care group in Europe.
The bank has also been expanding its health care coverage in Asia. In 2020, the bank hired former Goldman Sachs banker Mark Lim to lead its health care group in the region.
JPMorgan’s Health Care Deals
JPMorgan has been involved in a number of high-profile health care deals in recent years. In 2020, the bank advised on the $11.3 billion sale of Humana Inc. to CVS Health Corp. The bank also advised on the $7.2 billion sale of Aetna Inc. to CVS Health in 2018.
The bank has also advised on a number of other health care deals, including the $3.9 billion sale of DaVita Medical Group to UnitedHealth Group Inc. in 2019 and the $2.7 billion sale of Express Scripts Holding Co. to Cigna Corp. in 2018.
JPMorgan’s Investment Banking Performance
JPMorgan has been one of the top investment banks in the world in recent years. The bank was the top-ranked investment bank in the world in 2020, according to Bloomberg’s Global Investment Banking League Table. The bank was also the top-ranked investment bank in the U.S. in 2020, according to the U.S. Investment Banking League Table.
The bank has also been one of the top-ranked investment banks in the health care sector in recent years. The bank was the top-ranked health care investment bank in the world in 2020, according to Bloomberg’s Global Investment Banking League Table. The bank was also the top-ranked health care investment bank in the U.S. in 2020, according to the U.S. Investment Banking League Table.
JPMorgan’s Health Care Team
JPMorgan’s health care team is led by Ventresca, who joined the bank in 2018. Ventresca has more than 20 years of experience in the health care sector, having worked at Goldman Sachs for more than a decade. He was most recently a managing director and head of health care investment banking at Goldman Sachs.
The bank’s health care team also includes Meehan, Rizzo, and Lim, as well as a number of other experienced bankers. The team is focused on providing strategic advice and capital raising solutions to health care companies around the world.
Conclusion
JPMorgan has been expanding its health care investment banking team in recent years, and the hiring of Robert Richitt is the latest move in the bank’s effort to strengthen its presence in the sector. The bank has been involved in a number of high-profile health care deals in recent years, and it has been one of the top-ranked investment banks in the world and in the health care sector. The bank’s health care team is led by experienced bankers and is focused on providing strategic advice and capital raising solutions to health care companies around the world.