(Reuters) – Deutsche Bank AG (NYSE:) has hired Jorge Barreiro from Citigroup Inc (NYSE:) as the managing director for its U.S. healthcare investment banking team, according to an internal memo seen by Reuters on Friday.

According to the memo, Nick Richitt who is the global cohead of Healthcare Investment Banking, Barreiro’s new role will concentrate on coverage of the bank’s healthcare and technology-focused companies.

A Deutsche Bank (DE-) spokeswoman confirmed that the memo was true.

Barreiro will start his new job in November in New York. He will remain based there. Barreiro, who spent more than a decade at Citi, recently led Clover Health’s public listing and advised Nordic Capital on its acquisition of Inovalon (NASDAQ:) Holdings Inc.

Barreiro will report to Richitt in his new role.

The appointment comes a month after Deutsche Bank hired industry veterans Spencer Watts and Helen Oesch from Nomura Holdings (NYSE:) Inc and Bank of Montreal, respectively, as managing directors of the U.S. healthcare investment banking team.

Deutsche Bank has hired 10 senior executives to this division so far this year, including the appointment of Priyanka Verma, an industry expert who has worked with clients such as Thermo Fisher (NYSE:) and KKR & Co (NYSE:).