FBR Hires Two New Research Analysts, Broadening Consumer Platform
PRNewswire - First Call
Arlington, Virginia

ARLINGTON, Va., June 27 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey & Co., Inc., a wholly owned subsidiary of Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR), announced today that Adrienne Tennant and Karen Short have joined FBR's research group as senior consumer analysts. With the recent appointment of Howard Penney as Managing Director of its consumer banking group, FBR further strengthened its consumer platform with the addition of Tennant and Short.

As Senior Vice President, Adrienne Tennant will cover specialty apparel. Ms. Tennant was previously a senior retail research analyst at Wedbush Morgan Securities where she also specialized in specialty apparel. Prior to that, Tennant worked at The Gap, Inc. in the Gap Brand Finance and Strategy Planning Group. Ms. Tennant began her career as an investment banker with Prudential Securities. Tennant earned her MBA in finance from the Anderson School at the University of California, Los Angeles and her BS in Industrial Engineering from Stanford University.

Karen Short also joins FBR as Senior Vice President where she will cover small- and mid-cap food and retail securities. Previously, Ms. Short was an analyst at SAC Capital Management and also worked at Fulcrum Global Partners. Ms. Short began her research career at Lehman Brothers in 1999, where she was part of the Institutional Investor poll's #1 team covering food and drug retailers and dollar stores. Ms. Short earned her MBA from Columbia Business School and her BA in Economics from Queen's University in Kingston, Ontario.

"With their extensive experience in the sector, Adrienne and Karen are both key additions to our consumer research group," said FBR Director of Research, Martin Friedman. "As we have done with other industry groups, we intend to build out our platform and become a significant player in the consumer sector."

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 Group, Inc.

SOURCE  Friedman, Billings, Ramsey Group, Inc.
    -0-                             06/27/2006

For further information: Lauren M. Burk of Friedman, Billings, Ramsey Group, Inc., +1-703-469-1004 or lburk@fbr.com/ /Web site: http://www.fbr.com/ (FBR) CO: Friedman, Billings, Ramsey Group, Inc. ST: Virginia IN: FIN SU: PER