FBR Capital Launches Prime Brokerage in NYC

D.C. investment bank is offering New York-based prime brokerage to hedge funds, has hired a passel of ex-Shoreline Trading executives to run it.

A new competitor for hedge funds' brokerage business has rolled into town. FBR Capital Markets, a Washington, D.C.-based investment bank serving the middle market, announced today it has launched a New York-based prime brokerage business with a bevy of ex-Shoreline Trading Group executives. (Shoreline also offers prime brokerage to hedge funds.)

FBR Capital Markets' Prime Brokerage will be led by Michael J. Murray, managing director and head of prime brokerage services, and Matthew W. Ventura, managing director and head of prime brokerage operations. Joining them are Paul M. Havens and Donald E. Marigliano, both as senior vice president, prime brokerage Sales.

Murray was formerly partner and managing director of prime brokerage services at Shoreline Trading Group where he spent the past seven years. Prior to that, he was a senior vice president at On-Site Trading and a senior sales manager for Standard & Poors.

Ventura also spent the past seven years at Shoreline where he was partner and managing director of prime brokerage services operations. Mr. Ventura was previously a proprietary equity trader at On-Site Trading, and earlier in his career, worked for Schonfeld Securities and Fahnestock & Co.

Havens was most recently co-head of New York prime brokerage sales at Shoreline Trading Group and began his career as an over the counter market maker with Spear, Leeds & Kellogg, a subsidiary of Goldman Sachs. Prior to joining Shoreline Trading Group, he spent several years with Global Data Group as Managing Partner for marketing services.

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. Before joining Shoreline, he was a vice president within Lehman Brothers' Capital Markets Prime Services division and a vice president of sales at Neuberger Berman Clearing Services. He also spent more than 10 years at Goldman Sachs as a vice president of sales for Goldman Sachs Execution & Clearing and as a director of product development for Spear, Leeds & Kellogg. In 1988, Mr. Marigliano joined Wagner Stott Clearing Corp., a subsidiary of Merrill Lynch, as an account and agency order desk representative.