FBR Capital Markets

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FBR & Co.
IndustryFinancial Institution
Founded2007; 12 years ago (2007)
HeadquartersArlington, Virginia, United States
ProductsInvestment banking, Brokerage
RevenueIncreaseUS $120.4 Million(2015)[1]
DecreaseUS $7.5 Million (2015)[1]
Number of employees
303 (2015)[1]

FBR & Co. (Nasdaq:FBRC) is a capital markets firm headquartered in Arlington, Virginia. Founded in 1989 by Emanuel J. Friedman, Eric F. Billings, and W. Russell Ramsey, the company provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiaries FBR Capital Markets & Co. and MLV & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; energy & natural resources; financial institutions; healthcare; insurance; industrials; real estate; and technology, media & telecom. FBR is based in the Washington, D.C. metropolitan area with offices throughout the United States.


In April 2017, Patrick Steel of FBR took over as CEO of Politico from the owner Robert Allbritton. Steel, age 49 at the time of the appointment, had served in President Bill Clinton's administration and contributed money to former Secretary of State Hillary Clinton and other Democrats. He had been at FBR since 2001 working in IPOs and private placements.[2]