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From the Wires
FBR Capital Markets Expands Institutional Brokerage
Former Bear Stearns Traders Jon M. Jensen and Michael Derby Join Sales Trading Team

By: PR Newswire
Aug. 7, 2008 04:30 PM

ARLINGTON, Va., Aug. 7 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today that Jon M. Jensen and Michael Derby have joined the firm's Institutional Brokerage. Mr. Jensen has been hired as Managing Director and Co-Head of Sales Trading in Boston, and Mr. Derby has joined the New York Sales Trading team as Senior Vice President.

Jon M. Jensen has more than 20 years of experience sales trading in institutional equities, having spent the last six years in Bear Stearns' Boston office as a Senior Managing Director. Prior to Bear Stearns, he held senior trading positions at both Dresdner Wasserstein and NatWest Securities.

Michael Derby, a former Managing Director at Bear Stearns, has joined FBR Capital Markets' New York Sales Trading team. Mr. Derby adds more than 14 years of experience, having also held positions in institutional sales and trading at Merrill Lynch and Kadem Capital, LLC.

"FBR Capital Markets is committed to cultivating and expanding its brokerage operations and to reinforcing existing revenue streams in support of the firm's aggressive strategic plan," said Monte Lehmkuhler, Senior Managing Director and Head of Trading. "We will continue to strengthen our Sales Trading team with experienced, talented professionals capable of leveraging our entire brokerage platform."

FBR Capital Markets Corporation, a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc., provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, and asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; London, England; New York; San Francisco; and Sydney, Australia. For more information, please visit www.fbrcapitalmarkets.com.

*Friedman, Billings, Ramsey & Co., Inc.

SOURCE FBR Capital Markets Corporation

Published Aug. 7, 2008
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About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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