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Citigroup Said to Hire Tom Cole for Leveraged Finance

June 28 (Bloomberg) -- Tom Cole, a former co-head of global banking Americas at HSBC Holdings Plc, will join Citigroup Inc. as co-head of leveraged finance with Barbara Matas, according to a person familiar with the matter.

Cole, 49, will join the Americas Capital Markets Origination Group effective July 19, reporting to Richard Zogheb and John Chirico, co-heads of the group, said the person, who declined to be identified because the information was private. Alexander Samuelson, a Citigroup spokesman, confirmed the hire. Cole declined to be interviewed.

Citigroup is the fourth-largest underwriter of U.S. high-yield bonds this year, with 9.9 percent of the $117.5 billion underwritten, according to data compiled by Bloomberg. It’s the sixth-biggest underwriter of leveraged loans, with 5.4 percent of the $159 billion market year to date, Bloomberg data show.

Prior to joining HSBC, Cole worked at Deutsche Bank AG where he was head of leveraged finance, the person said.

To contact the reporter on this story: Kristen Haunss in New York at khaunss@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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