FBR Capital Markets Corporation (FBR Capital Markets), a leading investment bank serving the middle market, announced today the addition of new members to its Institutional Brokerage. Tad Nacheff joins as Senior Vice President within Institutional Sales and David Kennedy as Senior Vice President within Convertible Securities Sales & Trading. Both will be based in the firm's New York office.
"We continue to make strategic investments in our Institutional Sales team, and the current market environment has permitted us to reinforce our platform with highly experienced, seasoned professionals," said Adam J. Fishman, Senior Managing Director and Head of Institutional Sales. "Tad is an exceptionally valuable addition to our team as we help our clients navigate through turbulent markets."
Mr. Nacheff joins FBR Capital Markets' Institutional Sales team with nearly 20 years of sales experience. With particular expertise in technology, media & telecom (TMT) sales, Mr. Nacheff spent five years at Goldman Sachs rising to Co-Head of its Technology Sales group. His addition to the firm complements a robust TMT platform comprised of six senior equity analysts covering companies across nine industry sectors, in addition to a team of senior bankers with a combined total of more than 70 years of experience having executed hundreds of transactions. FBR Capital Markets' TMT expertise and integrated distribution platform provide clients access to a full range of corporate finance products.
In addition to his experience at Goldman Sachs, Mr. Nacheff also served as New York Sales Manager for ThinkEquity and was a member of Lehman Brothers' Institutional Equity Sales team where he worked for more than 10 years. Mr. Nacheff earned a Bachelor of Business Administration from the University of Notre Dame and received an MBA from the New York University Leonard N. Stern School of Business.