NEW ORLEANS, Apr 14, 2010 (BUSINESS WIRE) --Capital One Financial Corporation (NYSE:COF) today announced that Pierre Conner has been named Head of Sales, Trading and Research at Capital One Southcoast, Inc., a wholly owned non-bank subsidiary of Capital One Financial Corporation. In this position, he will report to Mark Smith, Head of Capital Markets and Government Banking.

Conner, who served as Capital One Southcoast's Lead Equity Research Analyst since 2003, will now oversee all aspects of the sales, research and trading functions, to deliver superior service to the investment community. Jim McBride will continue in his role as head of Energy Banking at Capital One Bank and Head of Investment Banking for Capital One Southcoast. He and Conner will work closely to ensure excellence in delivery of products and service to clients.

"Pierre has played a significant role in establishing and implementing Capital One Southcoast's strategy. With 18 years of experience in the energy industry and 10 years of experience as an equity research analyst, he has earned the respect of the energy industry and money managers, and has provided value to our customers and our company over the years," said Smith. "As a former manager with an international oil company, Pierre has extensive knowledge and a broad range of hands-on experience that is well-suited for his newest role with Capital One Southcoast."

Over the past year, Capital One Southcoast has expanded its research coverage and become a top 10 underwriter of U.S. energy debt and equity transactions. Also in 2009, Capital One Southcoast recorded the most capital market executions in its history and had its most profitable year.

Based in New Orleans, Conner has almost 30 years combined experience in engineering and equity research. In his most recent role with Capital One Southcoast, Conner was Senior Oilfield Services Analyst and Lead Equity Analyst for the firm. Prior to joining Capital One Southcoast, he served in a number of engineering and operations management positions with Exxon Company USA, now ExxonMobil Corporation.

Conner received a bachelor's degree in mechanical engineering, a master's in petroleum engineering and master's degree in business administration - all from Tulane University - and is a registered professional engineer in Petroleum Engineering.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N. A., had $115.8 billion in deposits and $212.0 billion in total managed assets outstanding as of December 31, 2009. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

SOURCE: Capital One Financial Corporation

Capital One Financial Corporation
Steven Thorpe, 504-533-2753
steven.thorpe@capitalonebank.com