Capital One expands its securities business into Oil and Gas

Company hires former Barclays and JPMorgan bankers with experience in energy.

Bloomberg reports that Capital One, 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, will fill newly created positions, according to a statement yesterday 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 today, while Johnson joined last week, Michael Bulger, a Capital One spokesman, said in an e-mail.

To access the complete Bloomberg article hit the link below

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