Marketing Veteran to Lead FBR Mutual Funds Growth Initiatives
ARLINGTON, Va., Aug. 23 /PRNewswire-FirstCall/ -- FBR Capital Markets
Corporation (Nasdaq: FBCM) (FBR Capital Markets) today announced that
Russell M. Parker has been named Chief Marketing and Distribution Officer
for FBR Capital Markets' highly regarded family of mutual funds.
"A key element of FBR Capital Markets' strategic plan is the expansion
of our asset management platform," said Edward Wheeler, President and Chief
Operating Officer of FBR Investment Management, Inc., the firm's asset
management subsidiary. "Russell's broad experience in opening new markets,
positioning financial products and creating successful distribution
channels will be of critical importance during this stage of FBR Capital
Markets' development. We are confident that his marketing expertise, his
in-depth knowledge of the industry, and his track record in developing
long-lasting relationships with the investment community will help us
achieve the aggressive growth objectives we have set."
Prior to joining FBR Capital Markets, Mr. Parker worked in sales and
marketing management for several leading financial services firms. He has
built a successful track record in establishing and expanding distribution
and has been responsible for strategic planning, product development, the
growth of assets under management, and marketing to retail and
institutional clients.
Most recently he served as President and Chief Distribution Officer for
Active Investment Advisors, Inc., an affiliate of IXIS Asset Management
Advisors Group where he led the introduction of innovative index and
ETF-based investments to the marketplace. Before joining IXIS, he forged
the advisor-assisted business for Janus Capital Management, LLC and
launched the Janus Adviser Series of funds. Mr. Parker directed national
account and broker/dealer sales efforts for Nuveen Investments, LLC.
FBR Capital Markets Corporation (FBR Capital Markets)(Nasdaq: FBCM), a
majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc.
(FBR)(NYSE: FBR), provides investment banking*, merger and acquisition
advisory services*, institutional brokerage*, 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 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
http://www.fbrcapitalmarkets.com.
-- Friedman, Billings, Ramsey & Co., Inc.
SOURCE FBR Capital Markets Corporation
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Related links:
http://www.fbrcapitalmarkets.com
CONTACT:
Media: Lauren Burk, +1-703-469-1004,
lburk@fbr.com, Investors: Paul Beattie, +1-703-312-9673,
pbeattie@fbr.com, both of FBR Capital Markets Corporation
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