Capital One Financial said on Friday that it had hired Stephen S. Crawford, a top executive of the boutique investment bank Centerview Partners, as its chief financial officer.
He will join Capital One on Monday as chief financial officer designate, and on May 24 will formally replace Gary L. Perlin, who will retire. Upon joining the bank, Mr. Crawford will report to its chairman and chief executive, Richard D. Fairbank.
It is a return to the world of big banks for Mr. Crawford, a former chief financial officer and eventually co-president of Morgan Stanley. He made his mark as an adviser to financial institutions, helping orchestrate deals like Fleet Bank’s $49 billion sale to Bank of America.
At Centerview, he advised Capital One on its $9 billion purchase of the American online banking arm of ING.
“I have watched the transformation of Capital One over the last decade and have the greatest admiration for Rich and his strategic vision for the company,” Mr. Crawford said in a statement. “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.”
Mr. Crawford isn’t the only deal-making investment banker to make the jump to the chief financial officer position of a client. In 2011, NBC Universal named Stuart J. Epstein, a top media banker at Morgan Stanley and a longtime adviser to corporate parent Comcast, as its chief financial officer.
DealBook: Capital One Hires Centerview Executive as Finance Chief
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DealBook: Capital One Hires Centerview Executive as Finance Chief
