Deutsche Bank Taps New Directors for Its US Healthcare Investment Unit

Deutsche Bank, a leading German financial services provider, announced on Tuesday that it has hired two managing directors for its healthcare investment banking division in the United States. According to Reuters, citing an internal memo sent by the firm, Spencer Watts and Helen Oesch will be joining the company, whose team is based in New York.

Both Watts and Oesch are well-known banking veterans from Nomura Holdings and the Bank of Montreal, respectively. Prior to his new role at Deutsche Bank, Spencer worked in UBS Group AG for its healthcare investment banking team. On the other hand, Oesch previously served as a Director at Credit Suisse for nearly eight years. “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, Deutsche Bank’s global Co-Head of Digital and Healthcare Investment Banking, commented in the internal memo.

The manoeuvre is part of the services provider’s strategy to strengthen its healthcare investment division, as it has made ten new hires so far this year, including Priyanka Verma as Managing Director. Both executives will report to Richitt once they join the team.

Recent Hirings Made by Deutsche Bank

In July, Finance Magnates reported that Deutsche Bank hired five executives from UBS. They have joined the company to model its Swiss-based private banking business for wealthy British and Northern European customers. The banking giant has been active in European banking during this year to strengthen its business fronts. In May, Deutsche Bank named Stephane Gruffat as its new Co-Head of equity capital markets in Europe. Gruffat will head the ECM syndicate for the EMEA region.

The announcement came weeks after Deutsche Bank announced it had signed a partnership with Fiserv, the US-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and financial services firm, to launch a joint venture.