FBR Capital Markets Appoints Institutional Sales Team Leaders in New York, Boston and San Francisco

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ARLINGTON, Va., Aug. 6 /PRNewswire-FirstCall/ -- FBR Capital MarketsCorporation (Nasdaq: FBCM) (FBR Capital Markets) today announced that DavidGreer, Stephen N. Keyes and Benjamin G. Small have been named head ofinstitutional sales for the firm's San Francisco, New York and Bostonoffices, respectively. "It gives me particular pleasure to make this announcement," said AdamFishman, Senior managing Director and Head of Institutional Sales, "Thesepromotions from inside the firm underscore the depth of talent we havedeveloped within FBR Capital Markets and especially within theinstitutional sales group. All three are experienced brokers with excellenttrack records and are well regarded by our buy-side clients. Theirleadership skills are highly respected by their colleagues and I amconfident they will use their experiences to grow FBR's presence in thesemarkets." Mr. Greer, a Managing Director of FBR Capital Markets who joined thefirm in 1994, has more than ten years financial industry experience. Mr.Greer earned his B.A. from University of Maryland, College Park. Mr. Keyes, recently promoted to Managing Director, joined FBR CapitalMarkets in 2002 after spending two years as an institutional equity salesanalyst with Credit Suisse First Boston and one year with Marsh McClennan &Co. as a risk management analyst. He received his B.A. in economics fromHamilton College. Mr. Small, a Managing Director, joined FBR Capital Markets in 2002.Prior to FBR, Mr. Small was an account executive with EMC Corporation inSan Diego and San Francisco. Before that he had worked as a senior accountexecutive with North Systems. Mr. Small earned his B.A. at Bowdoin College. FBR Capital Markets Corporation (FBR Capital Markets)(Nasdaq: FBCM), amajority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc.(FBR)(NYSE: FBR), provides investment banking*, merger and acquisitionadvisory services*, institutional brokerage*, asset management and privatewealth services. FBR Capital Markets focuses capital and financialexpertise on eight industry sectors: consumer, diversified industrials,energy & natural resources, financial institutions, healthcare, insurance,real estate, and technology, media & telecom. FBR is headquartered in theWashington, D.C. metropolitan area with offices in Arlington, VA, Boston,Dallas, Houston, Irvine, London, New York, Phoenix and San Francisco. Formore information, please visit http://www.fbrcapitalmarkets.com. *Friedman, Billings, Ramsey & Co., Inc.


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