FBR Capital Markets Corporation
FBR Capital Markets Expands Its European Institutional Brokerage
FBR Capital Markets Corporation / 24.11.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Veterans Join the Firm's European Institutional Sales & Trading Team to Complement Growth of Equity Research ARLINGTON, Va. and LONDON, Nov. 24, 2009 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, today announced the expansion of the firm's European Institutional Brokerage, a unit of its London-based subsidiary, Friedman, Billings, Ramsey International, Ltd. (FBRIL). David Abraham and Blake Hill have joined the firm as Director, Institutional Sales, and Alfredo Mujica and Daniel Tully have joined as Director, Equity Sales & Trading. The additions complement the growth of the firm's European Equity Research platform. 'We continue to pursue an aggressive, organic growth model for our London-based European operations,' said Timothy H. Burns, President and CEO of FBRIL. 'The additions to our Institutional Sales & Trading teams announced today are a result of the ongoing expansion of our European Equity Research platform launched in the second quarter.' John Mason, Director of FBRIL Sales & Trading, added, 'This team's experience and extensive client relationships give our Institutional Brokerage even greater depth and presents our global client base with immediate value. These additions further reinforce our platform and notably expand our event-driven, special situations capabilities.' With 15 years of buy- and sell-side experience, Mr. Abraham joins the FBRIL Institutional Sales team from Merebis Capital, a London-based multi-strategy hedge fund, where he was Partner and Portfolio Manager for event-driven strategies. Prior to that, he was Partner and Investment Manager of Titanium Capital's global event-driven hedge fund and Senior Analyst at the long/short fund ZAN Partners Ltd. Earlier in his career, he was Executive Director for Global Investment Research at Goldman Sachs International. Mr. Abraham received a Bachelor of Arts in business administration from the European Business School London. Mr. Hill is a 20-year veteran of the financial services industry and joins FBRIL from Deutsche Bank where he spent the past 15 years. At Deutsche Bank he was most recently a director within Global Markets, Fundamental Equity Sales, and earlier served as a director within the firm's Private Wealth Management division. He was also a vice president in Equity Sales at Alex. Brown & Sons and began his career as a credit analyst at Mercantile Bank. Mr. Hill earned a Bachelor of Arts in business administration from Augustana College and holds an MBA from the Georgetown University McDonough School of Business. Mr. Mujica joins FBRIL with nearly 15 years of sales trading experience and was most recently a senior equity sales trader with ABS Partners in London. Prior to that, he was Director of Cash Equity Trading & Equity Sales Trading at UBS Ltd. Earlier in his career he was Head of Equity Sales & Sales Trading for Banesto Bolsa SVB, operated by Santander Bank. Mr. Mujica received a Bachelor of Commerce from the University of Auckland and holds the CeFA designation. Mr. Tully joins FBRIL from Morgan Stanley International where he was a vice president and equity sales trader within the firm's Special Situations group. His prior experience includes sales trading duties at Fimat International Banque SA, Pali International and Commerzbank Securities. Mr. Tully earned a Bachelor of Science as well as a Master of Science in international securities, investment and banking from the University of Reading. FBR Capital Markets Corporation (Nasdaq:FBCM) provides investment banking, merger and acquisition advisory, institutional brokerage, prime brokerage and research services through its subsidiary FBR Capital Markets & Co. Services provided in the U.K. and Europe are provided by Friedman, Billings, Ramsey International, Ltd. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. Asset management services are provided by FBR Investment Management, Inc., and mutual funds are provided by FBR Fund Advisers, Inc.; both companies are subsidiaries of FBR Capital Markets Corporation. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit www.fbrcapitalmarkets.com. The FBR Capital Markets Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6405 CONTACT: FBR Capital Markets Corporation Media: Troy D. Gravitt 703.469.1004 tgravitt@fbr.com Investors: Bradley J. Wright 703.469.1080 fbcmir@fbr.com News Source: NASDAQ OMX 24.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: FBR Capital Markets Corporation United States Phone: Fax: E-mail: Internet: ISIN: US30247C3016 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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