ARLINGTON, Va., May 6, 2011 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM) ("FBR" or the "Company"), a leading investment bank serving the middle market, announced today that Daniel W. Blood, Senior Managing Director and Group Head of Investment Banking Corporate Finance, has additionally been named Head of the Real Estate Industry Group. In his new capacity, Mr. Blood will oversee the 15-person real estate, gaming and lodging team within investment banking.
"Real estate has historically been a strong sector for FBR and is a targeted growth area within our franchise," said James C. Neuhauser, Executive Vice President and Head of Investment Banking. "With Dan's strong transactional experience, longstanding relationships within the real estate industry, and proven ability to source and execute large transactions, we believe he is an ideal choice to lead the team. Dan's leadership will be particularly valuable as we are increasingly active in the credit markets."
Before joining FBR in 2008, Mr. Blood served as Co-Head of Global Debt Capital Markets at Bear Stearns, having been with the firm for more than 18 years in numerous senior positions in investment banking and emerging markets. During his tenure at Bear, he also served as Senior Managing Director of Strategic Finance in Investment Banking and Managing Director in Investment Grade Debt Markets and Emerging Debt Markets. Through his banking career, Mr. Blood has successfully executed over 100 book-run transactions raising more than $10 billion in capital for clients.
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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