Capital One Hires Goldman’s Steven Tulip to Head Capital Markets

Capital One Financial Corp. (COF), the lender that gets more than half its revenue from credit cards, hired former Goldman Sachs Group Inc. banker Steven Tulip to head its capital-markets business.

Tulip, most recently a managing director at Goldman Sachs, will expand Capital One’s broker-dealer and offer more products such as loan syndications and interest-rate and commodities derivatives, according to a statement today from the McLean, Virginia-based lender. He’ll report to Michael Slocum, commercial banking group president.

Tulip also spent 20 years at JPMorgan Chase & Co. (JPM), where he was a managing director in charge of health care and industrials leveraged finance, according to the statement.

To contact the reporter on this story: Dakin Campbell in New York at dcampbell27@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; Christine Harper at charper@bloomberg.net

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