FBR Capital Markets strengthens equity research group

Jun 30, 2008 (Datamonitor via COMTEX) -- FBCM | Quote | Chart | News | PowerRating -- FBR Capital Markets has named Stephen Chick and Patrick Scholes as the new senior vice president and vice president, respectively, of the firm's equity research group.

Mr Chick has served as a research analyst in the consumer area having held positions at Donaldson, Lufkin & Jenrette Securities and JP Morgan Securities.

Mr Scholes has most recently served as the lead lodging analyst at JP Morgan Securities having held prior positions at Harris Nesbitt, Thomas Weisel, AXA Advisors and Hyatt Hotels.

David Khani, senior managing director and director of research at FBR, said: "FBR Capital Markets continues to be recognized for differentiated and insightful research for our investors. The current market conditions provide a unique opportunity for us to grow our platform and we are proud to welcome these award-winning colleagues to our equity research group."

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