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(Bloomberg) Citigroup Inc. said Sumit Khedekar will join as head of health care for the Americas in its investment bank, as the firm continues a spree of hires. Khedekar will join from Credit Suisse Group AG, where he held a similar role, according to a memo to Citigroup staff. He will be based in New York and start work early next year. He will lead Citigroup’s efforts to win business with biopharmaceutical companies as part of the bank’s new investment-banking group dedicated to health care, consumer and wellness, the memo shows. “Health care, consumer and wellness is one of the fastest-growing franchises,” John Chirico and Kevin Cox, who lead Citigroup’s banking, capital markets and advisory unit in North America, said in the memo. “The biopharma sector, in particular, represents one of our greatest opportunities for growth and for us to close our competitive gap.” Citigroup said Thursday it’s added 200 bankers to its corporate and investment-banking arms this year ....
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