ARLINGTON, Va., May 20, 2013 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) (FBR), a leading investment bank serving the middle market, announced today that Allen Morton joined the firm as a Managing Director in the Company's Energy Investment Banking group focusing on merger and acquisition opportunities in that sector. He will also take on industry coverage responsibilities and execute transactions for energy-focused financial sponsors. Mr. Morton joins a group of nearly 40 other senior bankers on the FBR Investment Banking team and will head the Company's Houston office.
"The energy sector has long been important for FBR. Allen's sector expertise and M&A focus, coupled with his significant relationships, will be a tremendous asset to our investment banking group," offered Ken Slosser, Executive Vice President and Head of Investment Banking. "Hiring Allen is part of an important effort to strengthen our M&A capabilities. We believe there will be an increasing amount of strategic activity in the sector and are confident Allen's leadership will help us play a more active role as the sector evolves."
Mr. Morton brings 30 years of investment banking experience, having held senior positions at several bulge bracket firms. He spent the last 13 years in RBC Capital Markets' M&A banking group where he served as Co-Head of M&A for a significant portion of his tenure there. Prior to RBC, he held similar positions at PaineWebber, Prudential Securities and Wheat First Securities. He holds a Bachelors degree from Williams College and an M.B.A. from New York University.
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; 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.