London - Capital One Financial Corporation, the lender that gets more than half its revenue from credit cards, hired two bankers with experience advising firms in the oil and gas industries as it expands its securities business.
Former Barclays banker Russ Johnson, 42, and Bob Mertensotto, 54, who worked for JPMorgan Chase & Company, will fill newly created positions, according to a statement on Wednesday from the McLean, Virginia-based company.
Johnson, who co-led oil and gas leveraged finance at Barclays, will be head of energy investment banking, while Mertensotto will lead energy debt- capital markets, according to the statement.
Johnson and Mertensotto will be in charge of Capital One’s energy-banking office in Houston and report to Jim McBride, head of the energy-banking group within capital markets, the company said.
Mertensotto began at the bank on Thursday, while Johnson joined last week, Michael Bulger, a Capital One spokesman, said in an email.
The hires are the second and third this month announced by Capital One in its securities group as it looks to increase revenue outside of consumer credit-card lending in the US.
On August 14, the firm announced the hiring of former Goldman Sachs Group banker Steven Tulip to head the capital-markets business. - Bloomberg