HSBC Holdings PLC named two Deutsche Bank executives to become co-heads as of January of its leveraged and acquisition, Americas division.

The London financial services holding company said Tom Cole was group head of leveraged finance for Deutsche and Dan Toscano was head of senior debt capital markets at the German competitor.

Mr. Cole and Mr. Toscano are to succeed Michael McGovern, who will take on a new senior role in January, the company said.

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