FBR Announces Executive Changes
James C. Neuhauser, CFA Named Chief Investment Officer
Kenneth P. Slosser to Head Investment Banking
ARLINGTON, Va., April 24, 2012 (GLOBE NEWSWIRE) -- FBR & Co (Nasdaq:FBRC) ("FBR" or the "Company"), a leading investment bank serving the middle market, announced today that James C. Neuhauser, CFA has been named Executive Vice President and Chief Investment Officer for FBR & Co. In his new role, Mr. Neuhauser's responsibilities will encompass all aspects of the Company's capital allocation and investment processes. He will continue to serve on the Company's Executive Committee and as Chairman of its Commitment Committee for Investment Banking.
Succeeding Neuhauser as Head of Investment Banking is Kenneth P. Slosser. Mr. Slosser has led the Company's Financial Institutions and Insurance banking teams for the past five years. Mr. Slosser previously managed the Company's West Coast investment banking operations and has been a key member of FBR's investment banking team that sourced and executed some of the largest and most complex banking transactions in the Firm's history. He will be responsible for managing the Company's investment banking operations across all its sectors and product groups.
"Jim and Ken have been with FBR for 20 and 16 years, respectively. These moves maximize the contributions they both make to our Firm," said Richard J. Hendrix, President and Chief Executive Officer. "Jim is widely recognized for his thoughtful and innovative investment ideas and I'm confident that he will be an excellent steward of our capital and investment processes in his new role. As Head of Investment Banking, I am confident that Ken's deep experience and commitment will help drive success in each of our industry groups and ensure that we maintain the unique and high quality execution capability that our firm is known for."
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 Fund Advisers, Inc., a subsidiary of FBR & Co., provides clients with a range of investment choices through The FBR Funds, a family of mutual funds. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States. For more information, please visit www.fbr.com .
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Source: FBR & Co. 2012 GlobeNewswire, Inc.