FBCM Fbr Capital Markets Corp. (MM)

FBR Capital Markets Corporation (Nasdaq:FBCM) ("FBR" or the "Company"), a leading investment bank serving the middle market, today reported that Dr. Reena Aggarwal has been appointed as a Director on the FBR Capital Markets Corporation Board of Directors. Effective March 24, 2011, she will fill a vacancy on the Board. Dr. Aggarwal, along with the eight current Directors of the Board, will stand for election by shareholders at the Company's Annual Meeting on June 1st, 2011.

"As a long time Trustee of The FBR Funds, Dr. Aggarwal has been a valuable contributor to our asset management business," said Richard Hendrix, President and Chief Executive Officer of FBR.  "We look forward to benefiting from the extensive and relevant experience that Dr. Aggarwal brings to our corporate Board."

An expert on matters relating to public offerings, institutional investors, stock markets, corporate governance and securities market regulations, Dr. Aggarwal is frequently quoted in major financial media outlets.  Dr. Aggarwal currently serves as the Robert E. McDonough Professor of Business Administration; Professor of Finance, and Director of the Center for Financial Markets and Policy at Georgetown University's McDonough School of Business. She has held various positions including Interim Dean and Deputy Dean of Georgetown's McDonough School of Business; Visiting Professor of Finance at MIT's Sloan School of Management; FINRA Academic Fellow; and Academic Fellow at the U.S. Securities and Exchange Commission.  She was also a Visiting Research Scholar at the International Monetary Fund and a Fulbright Scholar to Brazil and Chile. From 2006 to 2011, Dr. Aggarwal served as a Trustee of The FBR Funds, a family of mutual funds provided by FBR. She has served as a Trustee of IndexIQ since 2008 and earned a Ph.D. in Finance from the University of Maryland.

FBR Capital Markets Corporation (Nasdaq:FBCM) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co.  FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom.  FBR Fund Advisers, Inc., a subsidiary of FBR Capital Markets Corporation, provides clients with a range of investment choices through The FBR Funds, a family of mutual funds. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London.  For more information, please visit www.fbr.com.

The FBR Capital Markets Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6405

CONTACT: Media: Shannon Small
         703.469.1190
         ssmall@fbr.com
         
         Investors: Bradley J. Wright
         703.469.1080
         fbcmir@fbr.com