Friedman Billings Ramsey

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Friedman, Billings, Ramsey Group Inc.
Type	Public (NYSE: FBR)
Founded	1989
Headquarters	Arlington, Virginia
Key people	Eric Billings, Chairman & CEO
Industry	Investment services
Products	Investment Banking
Revenue	▲US $1.01 Billion (2006)
Net income	▼US $-0.67 Billion (2006)
Employees	726 (2006)
Website	www.fbr.com

1 FBR Group
2 FBR Capital Markets
3 Team Leaders
4 References

[edit] FBR Group

Friedman, Billings, Ramsey Group Inc., or simply FBR, (NYSE:FBR), is a full service investment bank headquartered in Arlington, Virginia that sponsors the FBR Open PGA golf tournament held in Phoenix, Arizona. It was founded in 1989 and had over $1 billion in revenues in 2006. It also has offices in Boston, Dallas, Denver, Houston, Irvine, London, New York City, Phoenix, San Francisco, and Sydney.

FBR is unique in that its common stock is structured as a REIT (Real Estate Investment Trust).

The company recently announced severe losses related to its under-performing mortgage platform and widespread problems in subprime mortgage lending which lead to a sale of ownership in FBR's subprime subsidiary First NLC Financial Services, Inc in the summer of 2007.

FBR spun off its Capital Markets division through an IPO named FBR Capital Markets Corp. (Ticker: FBCM) which was priced at priced at $17 per share.

[edit] FBR Capital Markets

FBR Capital Markets Corporation, (NASDAQ:FBCM) was created through an equity spin-off from FBR Group in the spring of 2007.

FBR Capital Markets operates offers its products and services in the United States and internationally. The company is headquartered in Arlington, Virginia.

Industry Sector Groups

Consumer
Diversified Industrials
Energy and Natural Resources
Financial Institutions
Healthcare
Insurance
Real Estate
Technology, Media, and Telecom

Products

Institutional Brokerage
Asset Management
Underwriting
Private Placements
Merger and Acquisitions
Restructuring
Strategic Alternative/Implementations
Market Research
Institutional Sales and Trading

[edit] Team Leaders

FBR’s senior officers are: Eric F. Billings, who serves as Chairman and Chief Executive Officer of both FBR Group and FBR Capital Markets; J. Rock Tonkel, Jr., who is President and Chief Operating Officer of FBR Group; Richard J. Hendrix, who serves as President and Chief Operating Officer of FBR Capital Markets; William J. Ginivan, who is Executive Vice President and General Counsel; and Kurt R. Harrington, Executive Vice President and Chief Financial Officer.^[1]