(Source: PRNewswire)ARLINGTON, Va., Aug. 28 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today that it has launched a Prime Brokerage platform within its Institutional Brokerage group. FBR Capital Markets has hired a veteran team from Shoreline Trading Group to form the core of the new initiative, which will utilize J.P.Morgan Clearing Corp. as custodian and clearing agent.

FBR Capital Markets' Prime Brokerage, based in New York, will be led by Michael J. Murray, Managing Director and Head of Prime Brokerage Services, and Matthew W. Ventura, Managing Director and Head of Prime Brokerage Operations. Joining them are Paul M. Havens and Donald E. Marigliano, both as Senior Vice President, Prime Brokerage Sales.

"With our new team, FBR Capital Markets has created the most complete and attractive introducing prime brokerage service available," said Richard J. Hendrix, President and CEO of FBR Capital Markets. "We can offer clients first-class customer service, a comprehensive portfolio of equity and debt capital markets solutions, and the peace of mind that comes with having access to a leading clearing agent. We're able to provide clients the same products and services they've come to expect from large broker dealers, but with personal attention and client service not found anywhere else in this market."

With more than 15 years of sales and brokerage experience, Mr. Murray was formerly Partner and Managing Director of Prime Brokerage Services at Shoreline Trading Group where he spent the past seven years. Prior to that, he was a senior vice president at On-Site Trading and a senior sales manager for Standard & Poors.

Mr. Ventura also spent the past seven years at Shoreline Trading Group where he was Partner and Managing Director of Prime Brokerage Services Operations. Mr. Ventura was previously a proprietary equity trader at On-Site Trading, and earlier in his career, worked for Schonfeld Securities and Fahnestock & Co.

Mr. Havens was most recently Co-Head of New York Prime Brokerage Sales at Shoreline Trading Group and began his career as an over the counter market maker with Spear, Leeds & Kellogg, a subsidiary of Goldman Sachs. Prior to joining Shoreline Trading Group, he spent several years with Global Data Group as Managing Partner for marketing services.

Mr. Marigliano has more than 20 years of experience in brokerage sales and services and was most recently Co-Head of New York Prime Brokerage Sales at Shoreline Trading Group. Before joining Shoreline Trading Group, he was a vice president within Lehman Brothers' Capital Markets Prime Services division and a vice president of sales at Neuberger Berman Clearing Services. He also spent more than 10 years at Goldman Sachs as a vice president of sales for Goldman Sachs Execution & Clearing and as a director of product development for Spear, Leeds & Kellogg. In 1988, Mr. Marigliano joined Wagner Stott Clearing Corp., a subsidiary of Merrill Lynch, as an account and agency order desk representative.

FBR Capital Markets Corporation (NASDAQ: FBCM) provides investment banking, merger and acquisition advisory, institutional brokerage and research services through its subsidiary FBR Capital Markets & Co. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. Asset management services are provided by FBR Investment Management, Inc., and mutual funds are provided by FBR Fund Advisers, Inc.; both companies are subsidiaries of FBR Capital Markets Corporation. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit www.fbrcapitalmarkets.com.

SOURCE FBR Capital Markets Corporation

Originally published by FBR Capital Markets Corporation.

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