Bio

Richard J. Hendrix is Chairman and Chief Executive Officer of FBR. Before assuming his current position in June 2012, he served as President and Chief Executive Officer beginning in January 2009. He previously served as President and Chief Operating Officer since our formation in 2006. Mr. Hendrix also served as COO of FBR Group with responsibility for the corporation’s principal investment activities including its mortgage-backed securities and merchant banking businesses. Before FBR’s merger with FBR Asset in March 2003, Mr. Hendrix served as the President and Chief Operating Officer of FBR Asset Investment Corporation and held senior investment banking positions. Prior to joining FBR, Mr. Hendrix was a Managing Director of PNC Capital Markets' Investment Banking group, focusing on mergers and acquisitions, equity, and high-yield debt underwriting. Mr. Hendrix previously also headed PNC Capital Markets asset-backed securities business, which encompasses public underwriting of asset-backed securities, private placement of asset-backed securities and the administration of two commercial paper conduits. During his career, Mr. Hendrix has worked extensively with companies in a broad range of industries including financial institutions, REITs, metals, retailing, diversified holding companies, specialty finance and consumer products. Mr. Hendrix joined PNC in 1987 and was appointed by PNC to work with FBR in 1997 in connection with a strategic alliance between the two companies. He joined FBR in 1999. Mr. Hendrix received his B.S. in Finance from Miami University.