FALLS CHURCH, Va., Oct 4, 2001 /PRNewswire via COMTEX/ -- Capital One Financial Corp. (NYSE: COF) today announced the appointment of Gregor S. Bailar to Chief Information Officer (CIO), reporting to President and Chief Operating Officer Nigel W. Morris. Bailar joins Capital One from The Nasdaq Stock Market, where he has served as Chief Information Officer and Executive Vice President for Operations and Technology since 1998.

As Capital One's CIO, Bailar will serve as the company's technology strategist, focusing on the information architecture that supports the company's Information Based Strategy, business technology planning, and the development of IT financial strategies to drive business solutions.

"Gregor is an extraordinary talent with more than 15 years in the technology industry and much of that experience has involved leading large and complex organizations," Morris said. "His understanding of both the potential of new technologies and the power of well-designed, scalable architecture will help position Capital One for the next wave of growth as we continue to serve our more than 38 million customers and bring more value-add products to market."

At Nasdaq, Bailar has been responsible for all aspects of information technology market operations worldwide, and has worked closely with Nasdaq's executive management team to develop innovative solutions to keep Nasdaq at the forefront of information technology.

Bailar joined Nasdaq after four years at Citicorp where he served as Managing Director and Vice President of Advanced Development for Global Corporate Banking. Before his tenure at Citicorp, Bailar served in various capacities at Perot System Corporation, Trirex Systems, Inc., Next Computer and Hewlett Packard.

Bailar currently sits on numerous advisory boards including DTCC, Dell, Tibco, NextSet and Microsoft and is a director for Red Oak Software and TotalAdvisor. A well-respected IT thought-leader, he serves as a judge for CIO Magazine's Enterprise Value awards and was named by CIO and Computerworld as one of the Top 100 CIOs and IT Influencers of the next millennium.

Bailar earned a bachelor's of science in electrical engineering from Dartmouth College. He currently lives with his family in McLean, Va.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (http://www.CapitalOne.com) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 38.1 million customers and $35.3 billion in managed loans outstanding as of June 30, 2001. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

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SOURCE Capital One Financial Corporation

CONTACT:          Tatiana Stead, Director, Corporate Media of Capital One
                  Financial Corporation, +1-703-205-1070, or tatiana.stead@capitalone.com

URL:              http://www.capitalone.com
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