ARLINGTON, Va., Feb. 19, 2016 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) ("FBR" or the “Company”), a leading investment bank serving the middle market, today announced that Tina Pappas has joined the Company’s Investment Banking Team as Managing Director. She is based in the Company’s New York office and focused on developing the firm’s Special Purpose Acquisition Company (“SPAC”) practice.
“Over the last several years, the market for SPAC underwriting has seen phenomenal growth. In 2015, SPACs represented over 10% of IPO issuances by volume with aggregate gross proceeds raised increasing by approximately 125% versus the prior year. We believe SPACs will be a meaningful complement to our existing capital markets offerings and that Tina is an excellent choice to lead this effort for us,” said Executive Vice President and Head of Investment Banking, Kenneth P. Slosser. “Her vast experience in this area, along with her deep knowledge of growth sectors including technology will be a tremendous asset to our clients.”
Ms. Pappas was previously a Managing Director and head of Equity Capital Markets for Morgan Joseph TriArtisan LLC where she concentrated on SPAC underwritings and related M&A advisory transactions. In addition, Ms. Pappas was a senior investment banker focused on technology and growth equity transactions with various firms including National Securities Corporation, Ladenburg Thalmann & Co. Inc. and Brenner Securities Corporation. Ms. Pappas received a B.S. in Finance, with honors, from the Leonard N. Stern School of Business at New York University.
About FBR
FBR & Co. (Nasdaq:FBRC) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. and MLV & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; energy & natural resources; financial institutions; healthcare; insurance; industrials; real estate; and technology, media & telecom. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States. For more information, please visit www.fbr.com.