FBR Grabs Three Traders from Citi and Wachovia
Traders Magazine Online News, May 26, 2009
FBR Capital Markets, a regional brokerage based in Virginia, took advantage of the continuing exodus of traders from large firms to make a few hires.
The investment bank grabbed two traders from Citigroup and one from Wachovia Securities last week. FBR brought on John Gillin from Wachovia Securities to run sales trading out of the firm's Arlington headquarters. It brought on Timothy Bricker from Citi to run sales trading in San Francisco. It also hired Mark Costello from Citi as a position trader covering the integrated oil, oil services and utilities sectors.
"We continue to take advantage of opportunities in the marketplace to expand our institutional brokerage," Richard Hendrix, president and CEO of FBR Capital Markets, said in a statement.
Gillin, a 22-year veteran, ran sales trading at Wachovia. He previously worked at Deutsche Bank Alex Brown and Wertheim & Co. Bricker has 23 years of experience, spending the last seven as head of West Coast sales trading at Citi. He held the same position at ING Capital Markets before that. Costello spent nearly 15 years at Citi, lastly as head of energy and utilities trading.
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