Capital One Bank today announced that it has appointed three new Managing Directors to expand its Commercial Rediscount Group, part of the Commercial and Specialty Finance Group. Kevin Gibbons, David Kucera and Matthew Tallo have joined the business, which is focused on providing debt facilities to a wide array of specialty finance companies and owners and managers of financial assets across the United States.
Mr. Gibbons joins Capital One Bank from Amherst Securities Group, a fixed income securities firm specializing in mortgage backed securities and asset-backed finance, where he was Managing Director. Mr. Kucera is a 25-year securitization and structured finance veteran and joins Capital One Bank from BMO Capital Markets. Mr. Tallo was formerly Executive Director of the Structured Finance Group at the New York Branch of WestLB AG, where he was responsible for originating and managing a $2.3 billion portfolio of structured finance transactions. These new professionals join a team that is active in the market and poised for growth.
“We believe there is a significant opportunity to provide debt capital and related services to the thousands of independent finance companies and managers across the U.S.,” said Dean Graham, President of Commercial and Specialty Finance at Capital One Bank. ”David, Kevin and Matthew bring a wealth of experience to Capital One Bank. This expanded team reflects our commitment to strengthening our capabilities in this space, and underscores our larger strategy of expanding our commercial and specialty business nationwide.”
“Capital One is bringing significant resources to bear upon this market,” commented Michael Szwajkowski, Executive Vice President of Commercial and Specialty Finance, who is responsible for the Commercial Rediscount Group. “We are exceptionally well-positioned to serve our clients creatively and responsively with world-class financial capabilities and a market-leading team of proven professionals.” In the past year, Capital One has grown its portfolio substantially and become an important financing source in the market.
Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates who have expertise in technology, healthcare, security and defense, asset based lending, rediscount finance, municipal finance and equipment leasing and finance. Capital One Bank’s Commercial Business leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.
Capital One Financial Corporation is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N. A., had $212.5 billion in deposits and $312.9 billion in total assets outstanding as of December 31, 2012. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.