Centerview Partners co-founder appointed Capital One CFO


atm-11-cash-credit_sqThe co-founder of private equity investor and advisory business Centerview Partners has joined the firm’s client Capital One Financial Corp as chief financial officer.

Stephen Crawford will take over in May from outgoing CFO Gary Perlin, who is retiring after a decade of leadership at the company.

Capital One said Crawford had already been an advisor to it on a broad range of strategic and financial matters, including its its $9bn purchase of ING Direct USA.

Prior to launching Centerview he held positions including CFO, chief administrative officer and chief strategic officer at Morgan Stanley.

Crawford said, “I have watched the transformation of Capital One over the last decade and have the greatest admiration for [CEO Richard Fairbank] and his strategic vision for the company.

“It is an honor to take on this important role and I look forward to continuing to help create a great company and bring value to our investors.”

Capital One offers financial products and services to consumers, small businesses and commercial clients, and had about $312bn of total assets at the turn of the year.

Centerview recently advised KP Snacks, the second largest snack manufacturer in the UK, during its sale to German trade buyer Intersnack for about £500m.

The sale by global buyout firms Blackstone and PAI Partners ended a hotly contested sale process which was understood to have drawn bids from private equity heavyweights including Lion Capital, CapVest and Pamplona Capital.

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