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Nigel Morris
Nigel Morris co-founded Capital One Financial Services with Rich Fairbank in 1994. Under Nigel’s leadership, Capital One pioneered an information-based strategy that fundamentally transformed the consumer lending industry. Combining advanced statistical marketing techniques with nascent information technologies, the company reduced costs to conventional borrowers, extended capital to overlooked consumers, expanded internationally, and produced extraordinary returns for investors. During Nigel’s ten-year tenure, Capital One’s sales grew at a compound annual rate of more than 40%. Over this same decade, earnings per share growth and return on equity both exceeded 20% per year, a financial performance attained by only a handful of American companies. Upon his retirement in 2004, Capital One’s 15,000 employees across the United States, Canada and the United Kingdom managed over $80 billion of loans for 50 million customers. Generating $1.5 billion in profit, Capital One had successfully transitioned from an emerging start-up into an established public company valued at over $20 billion. Nigel is widely recognized for his entrepreneurial vision, managerial skill, and ability to inspire those around him. He currently serves on the board of The Economist Group, New Philanthropy Capital, London Business School, and Venture Philanthropy Partners. He also advises General Atlantic Partners, Columbia Capital, and his own portfolio of early-stage companies.Nigel lives with his wife and four children in Virginia. | What is Mobile Posse?Learn More> |