ARLINGTON, Va., March 03, 2016 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) ("FBR" or the “Company”), a leading investment bank serving the middle market, today announced that Randy Billhardt has joined the Company’s Investment Banking Team as Managing Director. He is based in the Company’s New York office and focused on developing the firm’s third party retail distribution network.
“Randy has nearly thirty years of experience in equity trading and capital markets, during which he has cultivated fruitful relationships with corporate issuers, institutional investors, and Wall Street counterparties. We look forward to leveraging his longstanding relationships with retail-oriented broker-dealers to complement FBR’s existing desk strengths,” said Executive Vice President and Head of Investment Banking Kenneth P. Slosser. “This augmentation to our buy-side footprint will create significant benefit to our corporate clients by providing an increasingly important retail component for the capital raises we underwrite.”
Prior to joining FBR, Mr. Billhardt was a Managing Director at JMP Securities in the firm’s Equity Capital Markets Division. He previously was Executive Managing Director and Head of Capital Markets at MLV & Co. and a member of that firm’s Executive and Operating Committees. Mr. Billhardt began his investment banking career on the Equity Trading desk at Paine Webber and its successor UBS where he served as head of cash equities trading. Mr. Billhardt has an undergraduate degree from Denison University and an M.B.A. from the Amos Tuck School of Business at Dartmouth College.
FBR & Co. (Nasdaq:FBRC) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. and MLV & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; energy & natural resources; financial institutions; healthcare; industrials; 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.
Source:FBR & Co.