Capital One Bank announced it appointed Richard Levenson to the newly created role of SVP of portfolio management in Capital One’s Commercial & Specialty Finance Group. Levenson is based in New York and will be responsible for a broad range of portfolio management activities on behalf of Capital One Business Credit.

Levenson joins from Citibank, where he worked for the last two years as a credit director and national portfolio manager for its asset-based business. Prior to Citibank, he worked at Bank of America Business Credit for more than 30 years in a variety of portfolio- and credit-focused roles in the asset-based lending business, rising to the senior vice president level.

“We are delighted to welcome Richard to the Business Credit group; his outstanding career and track record of success makes him a great fit with our high performing organization,” said Dan deBrauwere, head of Capital One Business Credit. “His appointment reflects our commitment to develop a leading, national asset-based lending platform and expanding our commercial and specialty business nationwide.”

“The Business Credit team is on an exciting trajectory, and I look forward to working alongside this team of dedicated professionals who are committed to providing our ABL clients with superior service and the tailored financing solutions they deserve,” said Levenson.