Patrick McCarthy

PATRICK MCCARTHY joined Friedman, Billings, Ramsey Group, Inc., in
October 2002 as a Vice President in equity research. Mr. McCarthy is a
member of the diversified industrials group, with primary responsibility
for the defense industry. Prior to joining FBR, he spent five and a half
years with Credit Suisse First Boston, most recently as an Analyst in
the global consumer products equity research group. At CSFB, he was
responsible for analyzing the impact of emerging trends across the
global consumer products universe and quantifying the market’s
expectations for the companies and sub-sectors within the group. Prior
to CSFB, he was an Assistant Treasurer at The Bankers Trust Company. Mr.
McCarthy graduated from Fordham University in New York with a degree in
Finance and Economics. He is also a Chartered Financial Analyst and a
member of the New York Society of Security Analysts.