Citigroup has hired Tom Cole, a leveraged finance veteran who has held top posts at HSBC and Deutsche Bank, as co-head of its leveraged finance team, according to a Citi memo obtained by IDD sister publication Leveraged Finance News.
Cole, who starts July 19, was most recently the co-head of global banking for the Americas at HSBC. Prior to that was cohead of leveraged and acquisition finance at Deutsche Bank.
Citi’s leveraged finance team is co-headed by Barbara Mata. The team is part of Citi’s capital markets origination group for the Americas. Cole and Mata report to Richard Zogheb and John Chirico, the co-heads of that group.
“Tom’s strong financial sponsor and corporate network will have a positive impact on our business and compliment the long standing relationships developed by Barbara and the broader leveraged finance team,” the memo said.
Cole left Deutsche Bank in 2007 to join HSBC, along with Dan Toscano, Deutsche’s head of the senior debt capital markets group. Toscano left HSBC in the summer of 2009 to join Morgan Stanley, where he co-heads the leveraged finance and acquisition group.
Meanwhile, there have been other major people moves reported on by Leveraged Finance News. Just last week, the site reported that Bank of America Merrill Lynch’s global head of loan syndications has left the bank, a BofA spokeswoman confirmed.
Tom Okel, who was based in Charlotte, made the decision to leave. The bank has replaced him with A.J. Murphy, who is based in New York.
Bank of America hired Murphy in the fall of 2009 as head of leveraged loan capital markets in the Americas. Murphy reports to Tom Montag, Bank of America’s head of global banking and markets.