In June 2021, Citi announced its plans to launch a new “supergroup” for healthcare, consumer and wellness within its banking, capital markets and advisory (BCMA) division. According to an internal memo written by BCMA co-heads Tyler Dickson and Manolo Falco, “Healthcare, consumer and wellness will be one of [Citi’s] largest groups in BCMA and represents one of the greatest opportunities for growth.”
Citi has also brought in a big name to run it. Chuck Adams, a 16-year veteran of Goldman Sachs, where he focused on healthcare investment banking, is now leading the unit, which brings together the bank’s healthcare and consumer and retail bankers under the same umbrella.
