Friedman, Billings, Ramsey has strengthened its FBR Capital Markets subsidiary with three new recruits to its healthcare investment banking group, only a couple of weeks after acquiring boutique firm Legacy Partners Group.

David Moskowitz was promoted from group head of healthcare research, and will become the managing director for healthcare investment banking. He has worked with the firm for the past six years. He previously worked at UBS Warburg and Standard and Poor's.