- Virginia
Capital One Financial in McLean, Va., has renamed and expanded its asset-backed lending unit.
October 7
Capital One (COF) has appointed Daniel deBrauwere head of business credit, a newly created role at the bank's asset-based commercial lending and specialty finance unit.
DeBrauwere will be based in New York and will report to Keith Reuben, an executive vice president at the McLean, Va., bank.
Capital One hired deBrauwere to its business credit team in 2013, appointing him a managing director in charge of expanding the group's West Coast presence. Before joining Capital One, deBrauwere ran two divisions of the commercial banking group at U.S. Bank (USB), after spending 12 years in Bank of America's (BAC) business capital operations.
In October, Capital One changed the name of its asset-backed lending unit to "Business Capital" from "Leverage Finance."
Dean Graham, president of Capital One Bank's commercial and specialty finance business, said in a press release that deBrauwere will help to further "enhance our nationwide platform."
