ARLINGTON, Va., Jan. 28 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (FBR Capital Markets), a leading investment bank serving the middle market, announced today that Deane M. Dray, CFA, has joined the firm's Equity Research team as Senior Vice President within its Diversified Industrials group. The addition of Mr. Dray will expand the group's Capital Goods coverage to include both the Multi-Industry and Water subsectors.
"Deane's deep domain expertise, client relationships and institutional knowledge will help generate additional value for our Diversified Industrials platform," said David M. Khani, CFA, Director of Research and Senior Managing Director. "With the leadership and experience of Group Heads Alex Rygiel and Patrick McCarthy, we expect to further capitalize on current market dislocations and a positive long-term outlook for the Diversified Industrials space."
Mr. Dray, a 25-year veteran of Wall Street, joins FBR Capital Markets from Goldman Sachs where he was a senior industrials analyst and covered Multi-Industry & Electrical Equipment companies for more than ten years. In two of the past three years, Mr. Dray has been ranked by StarMine as the #1 earnings estimator for Industrial Conglomerates.
Prior to his tenure at Goldman Sachs, Mr. Dray spent a decade at Lehman Brothers as an equity research analyst, an institutional salesperson, and a staff officer to the president and CEO. Earlier in his career, he served as a manager within Andersen Consulting's Financial Services group developing strategic and operational information systems for the financial services sector.
Additionally, for the past three years, Mr. Dray has served as a member of the United Nations Environment Programme Finance Initiative (UNEP FI) which assists developing countries with gaining better access to drinking water and waste water treatment resources.
Mr. Dray received a Bachelor of Arts from Brown University with honors and completed an MBA at the New York University Leonard N. Stern School of Business. He is also a CFA charterholder.
FBR Capital Markets Corporation provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, and asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit http://www.fbrcapitalmarkets.com/ .
*Friedman, Billings, Ramsey & Co., Inc.
