FBR Capital Markets Hires Equity Analysts
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ARLINGTON, Va., June 27 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets) announced today that Stephen C. Chick, CFA and C. Patrick Scholes have joined the firm's equity research group as Senior Vice President and Vice President respectively. Mr. Chick will initiate coverage of the hardline retail sector while Mr. Scholes will join the real estate team covering the lodging sector.
"FBR Capital Markets continues to be recognized for differentiated and insightful research for our investors. The current market conditions provide a unique opportunity for us to grow our platform and we are proud to welcome these award-winning colleagues to our equity research group," offered David Khani, Senior Managing Director and Director of Research.
Mr. Chick brings ten years of experience as a research analyst in the consumer area having held positions at Donaldson, Lufkin & Jenrette Securities and JP Morgan Securities. He has been ranked among the top four analysts covering the consumer sector on the All-American Institutional Investor poll and the Wall Street Journal Best on the Street Analyst Survey over the past five years.
Mr. Scholes has more than twelve years of experience as both a research analyst and professional in the lodging industry. He most recently served as the lead lodging analyst at JP Morgan Securities having held prior positions at Harris Nesbitt, Thomas Weisel, AXA Advisors and Hyatt Hotels. While at JP Morgan, Mr. Scholes was part of the gaming and lodging team named #2 on the Institutional Investor's All American Research list for three consecutive years.
FBR Capital Markets Corporation, a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc., provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, and asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; London, England; New York; San Francisco; and Sydney, Australia. For more information, please visit www.fbrcapitalmarkets.com.
*Friedman, Billings, Ramsey & Co., Inc.
SOURCE FBR Capital Markets Corporation
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