FBR Taps Bear Vet As CFO

FBR Capital Markets announced today the appointment of Bradley Wright as chief financial officer and executive vice president. Wright joins FBR from Bear Stearns, where he was a senior managing director in charge of finance for the private client services business. He joined Bear in 1996 following 14 years at Price Waterhouse, where he was part of the capital markets and treasury division. "Brad's extensive knowledge and experience in the financial services industry will be invaluable as we continue to maximize the strength of our balance sheet and execute our strategic plan," said Eric Billings, FBR chairman and chief executive. FBR is the majority-owned, public capital markets subsidiary of Friedman, Billings, Ramsey Group. Both are based in Arlington, Va., and share a chairman and CEO, Billings. Kurt Harrington will continue as CFO and executive vice president of Friedman, Billings, Ramsey.