Spotlight – Michael S. Spatacco
Posted: September 24, 2020
Michael Spatacco serves as Senior Vice President and a Plankowner at Bancroft Capital. Michael has spent nearly 40 years in the finance industry as both a salesperson and a trader. Previously a Managing Director with both Boenning & Scattergood and CFG Capital Markets, he was responsible for the foundation and management of the Ardmore office at both firms. He joined with Cal Quinn in 2017 as a partner in Bancroft Capital and brings to the firm established relationships across multiple fixed income products.
Hometown
Philadelphia
Education
I have a B.S. in Finance from Villanova University.
What was the inspiration behind launching Bancroft Capital?
I reached out to Cal Quinn because starting a brokerage firm had always been a dream of mine. I believe our partnership was the intersection of a really good idea with a really good mission.
Tell us about your duties/day to day experience at Bancroft Capital.
I’m responsible for initiating sales efforts for all new issue transactions and maintaining relationships across the secondary markets. My goal is to make the client happy and having access to all of the products we offer makes that possible.
What is your greatest professional achievement to date?
Starting Bancroft and helping to make it the best diversity firm. It’s the most amazing thing I’ve ever done in my career. To be able to share my knowledge through our Vet with a Vet Program and have the service-disabled veterans learn and extract from my experience is very fulfilling.
What assets/skills do you bring to the team?
Always being honest and putting the right product in front of the right person.
What are your thoughts on Bancroft’s mission to hire veterans?
I’m very proud of what we have created here at Bancroft. It’s our honor to give back to those who have given so much.
What’s your favorite part about working at Bancroft Capital?
The people
How did you get into the finance field?
The numbers. As a kid, I’ve always been enamored by the numbers.
Favorite quote?
Never give up.
When you’re not working, what are your interests/hobbies?
Going to the gym and seeing my grandchildren.
Other things you’d like to share?
I love Bancroft.