Daily News: August 29, 2013

Capital One Expands Energy Banking Business


Capital One Securities said it appointed two new senior managing directors to expand its Energy Banking division. Russ Johnson and Bob Mertensotto will co-head the Houston Energy Banking office. Johnson will serve as head of Energy Investment Banking, and Mertensotto will join as head of Energy Debt Capital Markets.

In addition, Scott Joyce has been promoted to managing director of Energy Origination and will report to Mertensotto and Johnson who, in turn, will report to Jim McBride, recently named chairman and chief executive officer of the Capital One Securities Energy Banking Division.

“Russ and Bob bring a wealth of relationships and experience to Capital One Securities,” said McBride. “Their proven track record of successes and their ability to address clients’ needs and company goals will make them key members to the future growth of our business. We welcome them and look forward to the continued growth and success of our energy banking business.”

Both Johnson and Mertensotto began their energy banking careers at a predecessor to J.P. Morgan. Johnson, a 20-year industry veteran, was most recently a managing director at Barclays and co-head of its Oil and Gas Leveraged Finance group while Mertensotto, a 32-year industry veteran, was most recently a managing director at J.P. Morgan in its Oil and Gas Leveraged Finance group.

“Bob and Russ will give a tremendous boost to Capital One’s team of talented bankers and salespeople,” said Rob Stuart, head of Middle Market banking for Capital One Bank. “Their appointments and the expanded roles for Jim and Scott demonstrate Capital One’s commitment to the continued growth of its Energy Banking business and the products and services it delivers to its clients.”

“The energy business at Capital One Securities is on an exciting trajectory, and I am delighted to join the team in a leadership role,” said Johnson. “I look forward to helping Capital One Securities expand its client base in the energy industry as we provide financial solutions to more companies.”

“We are joining a dynamic team that is committed to the continued growth of its business and superior client service,” added Mertensotto. “I’m excited to help lead the Capital One Securities Energy Banking team as it expands its footprint.”