Respected Business Leader to Join Capital One's Board.
 

Capital One has announced the appointment of Alan Hughes, former Chief Executive of First Direct (a division of HSBC Bank plc) as non Executive Director.
 

Srini Gopalan, Head of UK Business at Capital One, said: "We are absolutely delighted that Alan has agreed to become a non Executive Director. Alan has extensive experience in working with the financial services sector and his expertise and judgment make him a great addition to our Board. He will be a valuable asset to Capital One and a great resource for our executive management team".
 

Alan Hughes' distinguished career at HSBC Bank plc culminated in his role as Chief Executive of First Direct between 1999 and 2004. He is currently a board member of a number of organisations, including the Cabinet Office Delivery Council and the Identity and Passport Service. He is also a member of the Advisory Board at Leeds University Business School and a visiting lecturer at Warwick University.
 

Mr. Hughes joined the Capital One Board in February and replaces Tim Jones who, after serving nearly five years in the role has taken up the position of Chief Executive at the Personal Accounts Delivery Authority (a Non-Departmental Public Body stewarded by the Department for Work and Pensions).
 

Notes to Editors
For further information about this release please contact:
Becky Paterson at Capital One on 0115 843 6484
Or Russell Saunders at Fishburn Hedges on 020 7893 4321

About Capital One:

Capital One Financial Corporation trades on the New York Stock Exchange. In 1996 Capital One launched its first overseas operation in the UK offering credit cards, savings and loan products to UK customers. The UK Operations Centre for Capital One Bank (Europe) plc is located in Nottingham, where more than 2,000 Associates are based. Capital One is a top-ten credit card issuer in both the USA and the UK, with more than four million UK customers. Capital One's subsidiaries collectively have more than 50 million managed accounts and $151.4 billion in managed loans. The Bank has won numerous industry awards for its products and services as well as accolades for its consistent work within the communities in which it operates. Capital One has consistently provided market-leading consumer-lending products to its customers. In the UK Capital One was among the first credit card issuers to offer a 0% introductory purchase rate, combining this with one of the lowest 'go-to' rates on the market. Capital One is authorised and regulated by the Financial Services Authority.