FBR Announces the Appointment of Mark Rodino Director, Institutional Sales for FBR International, Ltd.
PRNewswire - First Call
Arlington, Virginia
NYSE: FBR

ARLINGTON, Va., May 1 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) today announced the addition of Mark Rodino as Director, Institutional Sales for FBR's international subsidiary, FBR International, Ltd. Mr. Rodino joins FBR from UBS AG where he was Executive Director, Institutional Equities, managing an equity team based in Milan since 2002. Before his time at UBS AG, he served as Executive Director, Institutional Equities at Morgan Stanley in London and Milan for seven years.

At FBR, Mr. Rodino will play a significant role in the company's international growth and further expansion as he leads FBR International, Ltd.'s coverage of Italy.

"Mark Rodino brings a wealth of experience and a superior track record to FBR," said John V.G. Mason, Managing Director, Equity Sales, FBR International, Ltd. "His leadership, capability and industry knowledge will help to drive FBR's success in its international efforts."

Prior to UBS AG and Morgan Stanley, Mr. Rodino worked in institutional equities and investment banking at Oppenheimer & Co. and Salomon Brothers, Inc.

Mr. Rodino holds an MBA in Finance from The Wharton School of Business and a B.A. in Economics from the University of Pennsylvania.

FBR International, Ltd., based in London, specializes in institutional brokerage and corporate finance and covers Austria, France, Germany, Italy, Spain, Switzerland, Scandinavia and the Middle East.

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 and San Francisco. 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.
    -0-                             05/01/2006

For further information: Lauren 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.; FBR; FBR International, Ltd.; UBS AG ST: Virginia, Italy IN: FIN SU: PER JV-PM -- DCM079 -- 0206 05/01/2006 16:15 EDT http://www.prnewswire.com