ARLINGTON, Va., Aug. 3 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey & Co., Inc., an operating subsidiary of Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR), announced today that Ashley Woodruff has joined FBR's research group as Senior Vice President, covering the restaurant sector. With last month's hiring of Karen Short, covering small and mid-cap food and retail securities, and Adrienne Tennant, covering specialty apparel, FBR continues the broadening of its consumer platform.
Ms. Woodruff was previously Associate Director, High Growth Restaurants Analyst at Bear, Stearns & Co. Woodruff joined Bear Stearns & Co. in 2001 as an Equity Research Associate.
"I am excited to join FBR's newly expanded equity research consumer group and initiate coverage on the restaurant sector. I believe the experience I've gained during the last five years at Bear Stearns will be a good fit for FBR," said Ms. Woodruff.
"We are delighted to have Ashley join our research team and feel that her expertise in Restaurants will help to complete our consumer platform," said FBR Director of Research, Martin Friedman. "With the addition of Ashley and our other two recent hires, we have five dedicated analysts covering the consumer vertical."
Ms. Woodruff is a CFA Charterholder. She earned her BA in Economics with a minor in Political Science from Columbia University's Barnard College.
Friedman, Billings, Ramsey Group, Inc. provides investment banking*, institutional brokerage*, asset management, and private wealth through its operating subsidiaries and invests in mortgage-related assets and merchant banking opportunities. FBR focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, healthcare, insurance, real estate, and technology, media and telecommunications. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, Va., Boston, Dallas, Denver, Houston, Irvine, London, New York, Phoenix, San Francisco and Seattle. Friedman, Billings, Ramsey Group, Inc. is the parent company of First NLC Financial Services, Inc., a non-conforming residential mortgage originator headquartered in Deerfield Beach, Florida. For more information, see http://www.fbr.com.
*Friedman, Billings, Ramsey & Co., Inc.
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3429 08/03/2006 08:30 EDT http://www.prnewswire.com