ARLINGTON, Va., Jan. 11, 2011 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM) (FBR), a leading investment bank serving the middle market, announced today that Andrew Arthur has joined the firm as Managing Director and Head of Distressed Sales.
Michael Lloyd, Senior Managing Director and Head of Credit, Convertibles & Options at FBR commented, "Andy is a highly-regarded leader in the industry. His exemplary track record and outstanding relationships with major hedge funds will be considerable assets as we continue to grow our Credit activities at FBR. Andy will lead a growing team of professionals as we continue to invest in debt origination, execution, idea generation and distribution in order to provide our clients with opportunities in the corporate credit market."
Mr. Arthur is a 25-year veteran of the distressed sales and trading industry having held senior positions at Royal Bank of Scotland, Bear Stearns & Co, Amroc Securities, Morgan Stanley and most recently Citadel Securities in New York. He is a graduate of Union College with an Economics degree and serves on the Advisory Board of The Mt. Sinai School of Medicine.
FBR Capital Markets Corporation (Nasdaq:FBCM) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. FBR Fund Advisers, Inc., a subsidiary of FBR Capital Markets Corporation, provides clients with a range of investment choices through The FBR Funds, a family of mutual funds. 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 .
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CONTACT: Media Relations: 703.469.1004 or media@fbr.com Investor Relations: Bradley J. Wright 703.469.1080 or fbcmir@fbr.com