Daily News: March 4, 2014

deBrauwere Appointed Head of Capital One Business Credit

Capital One Bank announced that it appointed Daniel deBrauwere to the newly created role of head of Capital One Business Credit, the bank’s national asset-based lending business. The Capital One Business Credit team is part of the Commercial and Specialty Finance Group. In this new role, deBrauwere will be based in New York, and will report to EVP Keith Reuben.

“We’ve made great strides in strengthening our asset-based lending capabilities, and Dan has played a pivotal role in those efforts,” said Reuben. “He has been instrumental in helping the team grow, and his wealth of commercial lending experience, combined with his strong leadership capabilities, will position this group for continued success.”

deBrauwere first joined Capital One’s Business Credit team in 2013 as a managing director to expand the team’s West Coast presence. He came to Capital One Bank from U.S. Bank, where he led two divisions of the company’s commercial banking group. He had previously spent 12 years at Bank of America Business Capital.

“We have invested in the Business Credit group over the past year to develop a leading, national ABL platform for our customers,” said Dean Graham, president of Capital One Bank’s Commercial and Specialty Finance Business. “Since joining us, Dan has demonstrated his commitment to expanding our business and I’m confident that he will enhance our nationwide platform.”

“This team is on an exciting trajectory, and I’m delighted with this opportunity to help build our ABL and related capabilities,” said deBrauwere. “We’ve got all the right pieces in place to build a high-performing, world class organization that will provide an exemplary client experience to our Capital One Business Credit customers. I’m looking forward to building out this national platform.”

In October, Capital One Bank announced the change of Capital One Leverage Finance to Capital One Business Credit Corp. to more accurately reflect the group’s specialized product offerings.