updated 4/11/2011 9:17:35 AM ET 2011-04-11T13:17:35

ARLINGTON, Va., April 11, 2011 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM) ("FBR" or the "Company"), a leading investment bank serving the middle market, announced today that FBR Fund Advisers has hired Nory Gonzalez, Dale Van Scoyk and Jay Pearson as Advisor Relationship Managers to broaden awareness of the FBR Funds presence among investment advisors and registered representatives and their respective firm platforms.

"Nory, Dale and Jay are veterans in the mutual funds industry and we look forward to their contributions in reaching the financial advisor community. The addition of these three professionals, with their significant industry experience and relationships, will allow us to more effectively support and service a larger universe of financial advisors. We are confident that this will translate to a greater asset-gathering opportunity," said Russell M. Parker, CIMA®, Chief Marketing and Distribution Officer for FBR Fund Advisers. "The FBR Fund family employs a proven process, evidenced by fund performance, and is poised for growth. The FBR Fund portfolio managers have demonstrated risk-adjusted returns over several market cycles, including the recent historic bear market."

Nory Gonzalez will be responsible for the New York market. Ms. Gonzalez has over 12 years experience marketing investment products to financial intermediaries, most recently with Genworth Financial, where she was Regional Vice President. She also held senior positions at Sun Life Financial and John Hancock. She is a graduate of the State University of New York at Albany.

Dale Van Scoyk will be responsible for the Southeast region, including Florida, Georgia, Alabama and South Carolina. Mr. Van Scoyk's 18 years financial services experience includes responsibility for advisor-assisted distribution at Thornburg Investment Management and Heartland Advisors. He has also served on the national board of the Financial Planning Association. Mr. Van Scoyk earned a B.S. from Purdue University.

Jay Pearson, CIMA®, is responsible for the Midwest Region, including Illinois, Wisconsin, Minnesota, Indiana, and Michigan. He was most recently a Regional Consultant with Thornburg Investment Management and previously worked with Thompson Financial, Mesirow Financial, and New York Life. Mr. Pearson earned a B.S. in Accounting from Regis University.

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. As of March 31, 2010, FBR Funds managed $1.7 billion.

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 Capital Markets 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. The FBR Funds are distributed by FBR Investment Services, Inc., member FINRA/SIPC. 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.fbr.com .

The FBR Capital Markets Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6405

Investors are reminded to consider the investment objectives, risks, charges, and expenses of the FBR Funds carefully before investing. For a prospectus with this and other information about the FBR Funds, please call 888.200.4710 or visit www.fbrfunds.com . The prospectus should be read carefully before investing.

CONTACT: Media:
         Tucker Hewes
         212.207.9451
         tucker@hewescomm.com
         
         Investors:
         Bradley J. Wright
         703.469.1080
         fbcmir@fbr.com

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