Eric F. Billings is our Executive Chairman. He co-founded the company in 1989, and established the company’s principal investing unit as FBR Asset Investment Corp. in 1997.
Mr. Billings served as Chairman of FBR & Co. (formerly known as FBR Capital Markets Corporation), a publicly-traded investment banking, institutional brokerage and asset management firm, a position he held since its formation in 2006 until his retirement in 2012. From 2006 to 2008, Mr. Billings also served as the Chief Executive Officer of FBR & Co. In addition, he concurrently holds the position of Senior Managing Partner and Co-Portfolio Manager of Billings Capital Management, LLC, an investment management company he runs with his sons.
Mr. Billings began his 30 year investment career at Legg Mason, Inc. as an investment analyst and salesperson in the Institutional Brokerage division. In 1983 he joined Johnston Lemon Corp. where he built and managed their Washington, DC institutional brokerage group until 1989. He was born in Boston, MA and is a graduate of the University of Maryland with a B.A. in Economics and Finance.
Mr. Billings serves on the Board of Visitors and the Center for Financial Policy Advisory Board at the University of Maryland’s Robert H Smith School of Business. He also sits on the Leadership Council of the Board of Boys & Girls Clubs of Greater Washington.