FBR Capital Markets, a Washington-based investment bank serving the middle market, has launched a Prime Brokerage platform within its institutional brokerage group. It has hired a team from Shoreline Trading group to form the new initiative, which will utilize JPMorgan Clearing as custodian and clearing agent.
FBR Capital Markets’ Prime Brokerage, based in New York, will be led by Michael Murray, managing director and head of prime brokerage services, and Matthew Ventura, managing director and head of prime brokerage operations. Joining them are Paul Havens and Donald Marigliano, both as senior vice president, prime brokerage sales.
Mr. Murray has more than 15 years of sales and brokerage experience and he was formerly partner and managing director of prime brokerage services at Shoreline Trading group. Mr. Ventura also spent the past seven years at Shoreline Trading group, where he was partner and managing director of prime brokerage services operations.
Mr. Havens was recently co-head of New York prime brokerage sales at Shoreline Trading group. Mr. Marigliano has more than 20 years of experience in brokerage sales and services and was most recently co-head of New York prime brokerage sales at Shoreline Trading group.
Richard Hendrix, president and CEO of FBR Capital Markets, said: “With our new team, FBR Capital Markets has created the most complete and attractive introducing prime brokerage service available. We can offer clients first-class customer service, a comprehensive portfolio of equity and debt capital markets solutions, and the peace of mind that comes with having access to a leading clearing agent.”
