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FBR CEO has reduced role at B. Riley

Jul 10, 2017 - SNL Financial

B. Riley Financial Inc. is moving forward with the integration of its latest two acquisitions, FBR & Co. and Wunderlich Investment Co. Inc.

In a July 5 news release, B. Riley announced the closing of the Wunderlich deal, and that former FBR Chairman, President and CEO Richard Hendrix has a reduced role with the company. The release noted that Hendrix is a consultant and board member after he initially became CEO of the investment banking and brokerage effort at the combined company.