Citi Hires Elevance Executive Jones for Health Services Deals

Citigroup Inc. has hired Robert Jones, a former health-care executive and equity research analyst, as a managing director in its health-care services investment banking group.

Jones will join the Wall Street bank later this month and will be based in New York, according to a memo reviewed by Bloomberg News. He’ll report to health-care services global head Nishant Jadav.

A representative for Citi confirmed the contents of the memo.

Jones was most recently chief development officer at health insurer Elevance Health Inc. where he led mergers and acquisitions and strategic and venture investments. He previously worked as an equity ...