Deutsche Bank has hired HSBC’s top banker covering sovereign wealth funds, the giant state investment vehicles that can provide a valuable source of financing on large M&A deals.

Deutsche Bank has appointed Evans Haji-Touma as global head of alternative capital providers, a new role that covers more than just sovereign wealth funds, according to people familiar with the matter. He joins from HSBC, where he has most recently served as a managing director and global head of sovereign wealth funds coverage.