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 .
CONTACT: Investors: Bradley J. Wright at 703.312.9678 or firstname.lastname@example.org Media: Shannon Small at 703.469.1190 or email@example.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV