Burns To Head FBR International
The newly public FBR Capital Markets named Timothy H. Burns to be president and chief executive of FBR International, the company's international investment banking, institutional trading and research subsidiary.
In a press release, the company said it also tapped Patrick M. Steel to be senior managing director and head up the firm's European investment banking team. Steel will be based in London along with Burns.
Burns served as the managing director of sales trading of Friedman, Billings, Ramsey & Co., Inc., a division of FBR Capital Markets, and has been with FBR since 1998.
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