ARLINGTON, Va., June 27, 2016 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) (FBR), a leading investment bank serving the middle market, announced that two industry veterans have joined the Company’s energy equity research group. Joseph D. Allman, Managing Director, will cover Exploration and Production (E&P) and Robert F. Balsamo, Senior Vice President and Senior Research Analyst, will focus on midstream energy companies. Mr. Allman will be based in FBR’s New York offices while Mr. Balsamo will be based in the Company’s Arlington, VA headquarters.
“For almost 20 years, FBR has been recognized as a thought leader in the Energy and Natural Resources markets. During each cycle, our firm has helped management teams and investors wade through the changing landscape in search of global and domestic opportunities,” said FBR’s Executive Vice President and Head of Institutional Brokerage, Adam J. Fishman. “This current cycle has further entrenched our team as a critical resource for those seeking to understand the market dynamics. Our recent deep, thematic and proactive work has focused on shale productivity, oil exports, Iran production, OPEC cuts, M&A and other key subjects of current interest and been accompanied by timely and differentiated resources. These fantastic additions to our team add more breadth and depth to an already strong core, and brings us to six fundamental analysts alongside our world class, energy-dedicated policy analysis.”
“I’m thrilled to announce these two talented additions to our Energy Research Team. With twenty years of experience in the field, Joe is an innovative and sought-after voice in the space. His leadership will be of tremendous value to our clients and complement our existing team very well,” said FBR’s Director of Research and Senior Managing Director, David Hilal. “Likewise, Robert has been doing outstanding research within the MLP field and will be a valuable addition for our clients.”
Mr. Allman has twenty years of equity research experience, having most recently served as senior E&P analyst at J.P. Morgan. He has also held research positions at RBC Capital Markets and Stephens, Inc. Mr. Allman has a B.A. from Villanova University and an M.B.A. from Indiana University.
Mr. Balsamo comes to FBR from UBS Securities, LLC, where he served as a Director and Analyst focused on MLP Research. Prior to UBS, he held energy focused research and investment banking positions at Global Hunter Securities, LLC. He holds a B.A. from Colgate University and an M.B.A. from Tulane University.
FBR & Co. (Nasdaq:FBRC) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiaries 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.