ARLINGTON, Va., May 2, 2011 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM) ("FBR" or the "Company"), a leading investment bank serving the middle market, today reported that Mark Koontz has joined the firm effective today. Mr. Koontz joins as a Managing Director in Credit Sales and is based in the Company's Arlington, VA offices. Mark joins a team of sixteen dedicated professionals in FBR's Credit Sales and Trading group, which was launched in the summer of 2009. He had spent the last nine years of his career in High Yield at Goldman Sachs & Co.
"This is a great addition to FBR, as Mark has clearly been an outstanding producer at one of the premier firms in this market," said Michael Lloyd, Senior Managing Director and Head of Credit, Convertibles and Options. "High Yield is a critical area of strategic focus and growth potential for the firm. Our team has already distinguished itself in a short time, with significant client reach in our Sales and Trading business, and good momentum in our capital raising activities, as evidenced not only by our frequent co-managed mandates, but also by our recent sole-led bank loan transaction. We are confident that Mark's presence on the Sales team will give us the additional market expertise, client access, and innovative value-added perspective for our clients."
After graduating from the University of Virginia with a Bachelor's degree in Commerce, Mark joined Goldman Sachs in 2002. He worked in the High Yield Capital Markets group, until moving to Leveraged Finance Sales in 2004. Mark quickly emerged as a top performer among the 22 person sales team. He will report to Jerry Connor, Head of High Yield Sales.
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 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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