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FBR Announces Additions to Trading Team

ARLINGTON, Va., Sept. 26, 2014 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) (FBR), a leading investment bank serving the middle market, today announced the expansion of its Equities execution capability with three important new hires. Mark A. Corcoran and Joshua D. Ezrin have joined the firm as Managing Directors, with Mr. Ezrin also serving as Head of Event Driven Trading. In addition Robert P. Flaherty joins as a Senior Vice President. All three join in Sales Trading and will be based in FBR's New York office.

"Navigating the complexities of fragmented equity markets is ever more challenging for our buyside clients," said Monte Lehmkuhler, Chief Operating Officer of Equities. "Hiring these seasoned professionals aligns well with the valuable, high-touch approach to order handling and execution we provide."

Mr. Ezrin comes to FBR with twenty-five years of experience having worked at JP Morgan and Bear Stearns & Co, where he was Head of Risk Arbitrage Sales. Most recently he held a similar position at Susquehanna International. He holds a Bachelor's degree in Economics from the University of Vermont.

Mr. Corcoran joins FBR having spent the last three years at Macquarie Capital. His prior industry experience includes senior positions at Lazard Capital Markets, Bear Stearns & Co., and Lehman Brothers. He earned a Bachelor's degree in Government from Georgetown University.

Mr. Flaherty has worked in Sales Trading for seventeen years. His experience includes senior positions at Deutsche Bank, Cowen & Co., Pali Capital, Ticonderoga, and most recently, KCG where he was Director of Sales Trading. He earned a Bachelor's degree in History and English from Assumption College in Worcester, Massachusetts.

"At a time when our clients value block trading and liquidity sourcing more than ever to distinguish against passive benchmarks, we take pride in our high-touch execution capability and content delivery," said Michael Lloyd, Executive Vice President and Head of Trading for FBR. "Mark, Josh and Robert bring long-standing relationships and decades of collective experience. We're delighted they'll help us drive our Sales and Trading business forward."

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 Hawkins at 703.469.1190 or shawkins@fbr.com

Source:FBR & Co.