ARLINGTON, Va., Feb. 20 /PRNewswire-FirstCall/ — FBR Capital Markets Corporation, the principal subsidiary of Friedman, Billings, Ramsey Group, Inc. , today announced that Thomas A. Crowley Jr., David Moskowitz, RPh., Jeffrey R. Swarz, Ph.D. and Ryan T. Stewart have joined the firm’s healthcare investment banking group. These additions broaden FBR’s healthcare platform and continue the expansion of its investment banking team.
“Tom, David, Jeff and Ryan’s combined expertise spanning virtually every segment of the healthcare industry will be a tremendous asset to FBR’s capital markets franchise,” said FBR Capital Markets President and Chief Operating Officer Richard J. Hendrix. “These appointments demonstrate our commitment to achieving success in each of our industry groups and to placing talented and knowledgeable individuals within those groups in order to achieve that goal.”
Thomas Crowley joins FBR as Managing Director and comes from Aircast LLC, a leading global orthopedic company where he served as Chief Executive Officer for the last four years. Mr. Crowley has also held general management and senior level roles with healthcare firms including Hoffman-La Roche Inc.; Bayer; and Becton, Dickinson and Company. He has worked closely with venture capital and private equity portfolio companies and has served on the boards of for-profit and not-for-profit organizations. Mr. Crowley earned an M.S. from the Columbia University School of Business and graduated from the U.S. Army Command and General Staff College.
David Moskowitz has been with FBR since 2001. Prior to his role as Managing Director of Healthcare Investment Banking, Mr. Moskowitz was Group Head of FBR’s healthcare research, where he provided coverage of the large-cap pharmaceutical industry and select specialty pharmaceutical companies. Before joining FBR, Mr. Moskowitz worked for UBS Warburg and Standard and Poor’s. Prior to entering the financial services industry, Mr. Moskowitz practiced as a registered pharmacist. He received an M.B.A. in Finance and Pharmaceutical Industry Studies from Fairleigh Dickinson University.
Jeffrey Swarz joins the firm as Managing Director and brings 20 years of experience in product development and marketing, equity analysis, capital raising, and investment analysis for companies in various segments of the healthcare industry. Prior to joining FBR, Mr. Swarz was a managing director at Life Sciences Group where he was responsible for corporate finance, mergers and acquisitions, and private financing. Before that, he was a partner at EGS Healthcare Capital Partners, a healthcare private equity fund investing in biotechnology, specialty pharmaceuticals, and medical device companies. As an equity analyst in biotechnology research at Credit Suisse First Boston and Goldman Sachs, Mr. Swarz was rated among the top 10 biotechnology analysts on Wall Street for 1988-1999. He was a National Institutes of Health Research Fellow in Neurovirology, completed a Postdoctoral Fellowship from Johns Hopkins School of Medicine’s Department of Neurology and earned a Ph.D. in Neuroscience from the University of Rochester.
Ryan Stewart joins as Senior Vice President and comes from UnitedHealth Group, where he was Vice President of Strategy and Business Development. Mr. Stewart brings more than 14 years of experience in the healthcare industry, with an emphasis on healthcare information technology, disease management, managed care and pharmaceutical services. Prior to UnitedHealth Group, Mr. Stewart was a managing director at Piper Jaffray & Co. and Director and Senior Healthcare Equity Research Analyst at SunTrust Robinson Humphrey. Mr. Stewart also founded and ran a venture-backed healthcare software company, was in healthcare consulting with Arthur Andersen and in business development with Horizon Blue Cross Blue Shield of New Jersey.
Friedman, Billings, Ramsey Group, Inc. provides investment banking*, institutional brokerage*, asset management, and private wealth services through its operating subsidiaries and invests in mortgage-related assets and merchant banking opportunities. FBR focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, healthcare, insurance, real estate, and technology, media and telecommunications. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA, Boston, Dallas, Houston, Irvine, London, New York, Phoenix and San Francisco. Friedman, Billings, Ramsey Group, Inc. is the parent company of First NLC Financial Services, Inc., a non-conforming residential mortgage originator headquartered in Deerfield Beach, Florida. For more information, see http://www.fbr.com/.
*Friedman, Billings, Ramsey & Co., Inc.
Friedman, Billings, Ramsey Group, Inc.
CONTACT: Lauren M. Burk of Friedman, Billings, Ramsey Group, Inc.,+1-703-469-1004, [email protected]
Web site: http://www.fbr.com/
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