JNews: McKenna, Kevin [MC1994] Managing Director, Sales Trading, FBR Capital Markets

http://sev.prnewswire.com/banking-financial-services/20090623/PH3711523062009-1.html

FBR Capital Markets Announces Promotions within Its Institutional Brokerage

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ARLINGTON, Va., June 23 /PRNewswire-FirstCall/ — FBR Capital Markets Corporation (NASDAQ: FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today the promotion of five members of its Institutional Sales and Sales Trading teams to Managing Director. Those promoted include:

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   * Kevin McKenna – Managing Director, Sales Trading, New York

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“We have an exceptional team of brokerage professionals at FBR Capital Markets and congratulate these individuals for their outstanding performance and dedication to client service,” said Richard J. Hendrix, President and CEO. “Their expertise and experience is a testament to the strength and breadth of our global brokerage platform and the 1900 institutional investors we serve.”

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Mr. McKenna has more than 13 years of sales trading experience. Having begun his career as a sales trader at Credit Suisse First Boston, he joined FBR Capital Markets in 2003. Mr. McKenna received a Bachelor of Science in finance from Manhattan College.

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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.

Website: http://www.fbrcapitalmarkets.com

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McKenna, Kevin [MC1994]

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James Curcurato at 2:26pm June 24

MC1994

[JR: Thanks, James. Much appreciated. ]

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