FBR Capital Markets has named Russell M. Parker to the newly created position of chief marketing and distribution officer for its mutual fund family. Parker most recently served as president and chief distribution officer for Active Investment Advisors, Inc., an affiliate of IXIS.

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FBR Capital Markets Corporation (FBR Capital Markets) today announced that Russell M. Parker has been named Chief Marketing and Distribution Officer for FBR Capital Markets' highly regarded family of mutual funds.

"A key element of FBR Capital Markets' strategic plan is the expansion of our asset management platform," said Edward Wheeler, President and Chief Operating Officer of FBR Investment Management, Inc., the firm's asset management subsidiary. "Russell's broad experience in opening new markets, positioning financial products and creating successful distribution channels will be of critical importance during this stage of FBR Capital Markets' development. We are confident that his marketing expertise, his in-depth knowledge of the industry, and his track record in developing long-lasting relationships with the investment community will help us achieve the aggressive growth objectives we have set."

Prior to joining FBR Capital Markets, Mr. Parker worked in sales and marketing management for several leading financial services firms. He has built a successful track record in establishing and expanding distribution and has been responsible for strategic planning, product development, the growth of assets under management, and marketing to retail and institutional clients.

Most recently he served as President and Chief Distribution Officer for Active Investment Advisors, Inc., an affiliate of IXIS Asset Management Advisoindex and ETF-based investments to the marketplace. Before joining IXIS, he forged the advisor-assisted business for Janus Capital Management, LLC and launched the Janus Adviser Series of funds. Mr. Parker directed national account and broker/dealer sales efforts for Nuveen Investments, LLC.

FBR Capital Markets Corporation (FBR Capital Markets), a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc. (FBR), provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; London, England; New York; San Francisco and Sydney, Australia. For more information, please visit www.fbrcapitalmarkets.com. 

Edited by: Erin Kello


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