Andrew Arthur has joined FBR Capital Markets as md and head of distressed sales.

Michael Lloyd, senior md and head of credit, convertibles and options at FBR, comments: "Andy will lead a growing team of professionals as we continue to invest in debt origination, execution, idea generation and distribution in order to provide our clients with opportunities in the corporate credit market."

Arthur is a 25-year veteran of the distressed sales and trading industry, having held senior positions at RBS, Bear Stearns, Amroc Securities, Morgan Stanley and most recently Citadel Securities in New York.