Financial Services >> CEO Interviews >> July 22, 2002

Richard Hendrix – Fbr Asset Investment Corporation (fb)

RICHARD J. HENDRIX is the Senior Managing Director of the Diversified Industries Investment Banking Group at Friedman Billings Ramsey & Co., Inc. Mr. Hendrix also serves as the President and Chief Operating Officer of FBR Asset Investment Corporation, a publicly traded REIT. Prior to joining FBR, Mr. Hendrix was the Managing Director of PNC Capital Markets' Investment Banking group, focusing on mergers and acquisitions and equity and high-yield debt underwriting. Mr. Hendrix headed PNC Capital Market's 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 metals, retailing, diversified holding companies, specialty finance and consumer products. Mr. Hendrix joined PNC in 1987 after receiving a BS in Finance from Miami University. Profile
TWST: Can we start out with a history and overview of FBR Asset?

Mr. Hendrix: We founded the company in 1997 and registered the shares

publicly in September 1999. The business is focused on