FBR Appoints Jeff Harmon Managing Director, Investment Banking
PRNewswire - First Call
Arlington, Virginia

ARLINGTON, Va., June 22 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) today announced that Jeff Harmon has joined the firm as a Managing Director in the Technology, Media and Telecom (TMT) division of Investment Banking in FBR's San Francisco office. Mr. Harmon joins FBR's Investment Banking Group from RBC Capital Markets where he was Head of Technology Investment Banking.

"We are delighted to have Jeff join the FBR team," said Phil Facchina, Group Head & Senior Managing Director, TMT and Healthcare Investment Banking. "We believe that Jeff's extensive experience and deep contacts across a broad spectrum of technology-related companies will significantly improve our coverage efforts and overall presence in Silicon Valley and the West Coast in general. In addition, Jeff's connections in the venture and private equity communities will play a strategic role in expanding FBR's TMT efforts in this arena."

Mr. Harmon comes to FBR with nearly 20 years of investment banking experience. Prior to RBC Capital Markets, he was Managing Director - Head of Technology Investment Banking at SG Cowen Securities. Before joining SG Cowen Securities, Mr. Harmon was responsible for the execution of corporate finance and M&A transactions in the technology sector at Merrill Lynch.

Mr. Harmon received his MBA from Stanford Graduate School of Business and received his BS in Business Administration from University of California, Berkeley.

"We are very pleased that Jeff has chosen to join FBR as we redouble our TMT investment banking efforts in San Francisco," said Rock Tonkel, President & Head of Investment Banking. "This is another significant step in our continuing enhancement of FBR's investment banking franchise and our focus on the growth sectors, including both TMT and Healthcare."

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, visit http://www.fbr.com.

*Friedman, Billings, Ramsey & Co., Inc.

SOURCE  Friedman, Billings, Ramsey Group, Inc.
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For further information: Lauren M. Burk of Friedman, Billings, Ramsey Group, Inc., +1-703-469-1004, lburk@fbr.com/ /Web site: http://www.fbr.com / (FBR) CO: Friedman, Billings, Ramsey Group, Inc.; FBR ST: Virginia, California IN: FIN SU: PER LM-JV -- DCTH046 -- 5127 06/22/2006 14:48 EDT http://www.prnewswire.com