FBR Hires Sanjay K. Shrestha as Investment Banking Managing Director

FBR & Co.

Aditya Satghare Joins as VP, Research Analyst

Shrestha Brings 15 Years of Experience to Energy Banking Team

ARLINGTON, Va., Nov. 13, 2013 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) ("FBR" or the "Company"), a leading investment bank serving the middle market, announced today that Sanjay K. Shrestha has been hired by the Company to join its Investment Banking division. Mr. Shrestha will focus on the renewable energy sector, which he has covered as an Equity Research Analyst for the last fifteen years. FBR has also hired Aditya Satghare to join the Research department and cover the renewable energy sector.

"Having been a successful and highly respected analyst in the alternative energy space for over a decade, Sanjay brings tremendous industry knowledge and significant relationships with potential corporate banking clients," said Kenneth P. Slosser, Executive Vice President and Head of Investment Banking at FBR. "FBR has long been an important partner for small and mid cap companies in the Industrials and Energy spaces and we believe Sanjay will be a significant contributor to our efforts going forward."

"Aditya has terrific experience on the award-winning Energy research team at Lazard Capital Markets," offered David Hilal, Senior Managing Director and Director of Research at FBR. "His analytical insights, combination of buy and sell side experience, and industry knowledge will serve him well as a publishing analyst and member of the FBR research team. I am confident he will bring value-add ideas to FBR's institutional clients and will leverage our well-received 'Debate' investment framework."

Most recently Mr. Shrestha served as Managing Director of Equity Research at Lazard Capital Markets (LCM) where he was head of global alternative energy and industrial sustainability. During his tenure at LCM, he won numerous accolades and industry awards for his market leading coverage of the energy sector. Prior to joining LCM, he held a similar position at First Albany Capital and began his career at C.L. King & Associates. Mr. Shrestha earned a B.S. from the College of St. Rose in Albany, NY. He will be based in FBR's New York office.

Mr. Satghare also comes to FBR from Lazard Capital Markets where he worked in the research department focusing on advanced transportation, energy efficiency and renewable energy sectors. Prior to joining Lazard, Mr. Satghare held similar positions at Diamondback Capital Management and CitiGroup Global Asset Management. He earned a B.E. in Mechanical Engineering from the University of Mumbai and an M.S. in Financial Engineering from NYU Polytechnic Institute. He will be based in FBR's New York office.

FBR & Co. (Nasdaq:FBRC) 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; healthcare; insurance; real estate; and technology, media & telecom. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States. For more information, please visit www.fbr.com.

CONTACT: Investors: Bradley J. Wright at 703.312.9678 or bwright@fbr.com Media: Shannon Small at 703.469.1190 or ssmall@fbr.com

Source:FBR & Co.