Industry Veteran Karl Biggers Joins Bancroft Capital Team
Posted: May 2, 2022
Biggers enters the firm as it expands its reach into Texas
Fort Washington, PA – May 2, 2022 – Bancroft Capital, a certified Service-Disabled Veteran-Owned Small Business (SDVOSB) specializing in Institutional Brokerage and Capital Markets services, announced that Karl Biggers joined the Bancroft team as Managing Director of Public Finance and dedicated public finance investment banker who will be working out of Dallas, Texas.
Karl Biggers joins the Bancroft team with nearly 30 years of experience in the industry. As a banker, financial advisor, and underwriter, he brings to the table considerable knowledge of the Texas market and various municipalities across a variety of sectors.
“Bancroft occupies a unique space in the public finance industry, one that pairs well with Texas and the values that we hold dear. I am eager and excited to help the firm establish a public finance presence in my home state,” said Biggers.
Biggers gives Bancroft a reliable foothold in the Texas municipal market. He brings to the table considerable knowledge of the market, having worked with many of the largest issuers in the State. Biggers has experience in leading the Texas presence for multiple firms, including George K. Baum, Duncan-Williams, and M.R. Beal. A fifth-generation Texan, he spent the early part of his career at NationsBank of Texas and First Southwest, where he developed deep, long-lasting relationships that provided the foundation of his public finance business.
“The addition of Karl to Bancroft’s public finance teams allows our firm to penetrate the Texas municipal market,” said Bancroft Capital Director of Municipals Michael Ivcic. “The personal connections Karl has with issuers and financial advisors across the state will help Bancroft provide our clients with access to bonds in the primary market. We are excited to have Karl as an addition to the Bancroft family, and we look forward to working together to establish the Bancroft name in Texas.”
Biggers received his B.A. in Economics from Southern Methodist University and his M.B.A. with a concentration in finance and management from the University of Texas. He holds Series 7, 50, and 63 licenses from FINRA.
“Bancroft is humbled to have professionals with the pedigree and experience of Karl Biggers join our firm. Ranked #1 by Philly 100 FORUM and #13 in the Northeast by Inc. 5000, Bancroft has established itself as a successful business; however our ability to sustain the growth we have enjoyed requires the addition of outstanding professionals like Karl,” said Bancroft Founder and CEO Cauldon Quinn.
Bancroft was co-founded in 2017 by Cauldon Quinn, a disabled Navy veteran. His vision was to build a company with a strong commitment to service: service to clients, country, and veterans. Bancroft places financial industry veterans alongside military veterans to deliver value-added content to its clients; and strives to offer best-in-class service to its institutional clients across an array of financial services. Bancroft rises above the competition on the merit of value-added content and leadership derived from industry veterans with 40-plus years of industry pedigree.
Committed to offering meaningful training and employment to service-disabled veterans, Bancroft Capital launched its signature Veteran Training Program (VTP) in 2019. Bancroft funnels profits, earned through its hard work and extensive knowledge, into the VTP, which puts disabled veterans in a position to develop a skill set capable of supporting a new career as Institutional Traders and Investment Bankers. Bancroft is dedicated to helping restore disabled veterans to their rightful place as leaders in our society and communities, but first and foremost as providers for their own families.
Bancroft aims to offer paid opportunities to up to four VTP candidates each year. Candidate training includes a rotation among the five business units Bancroft operates and an introduction to back office and operations functions, sales trading and compliance while participating in the VTP.
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About Bancroft Capital
Bancroft Capital, a certified Service-Disabled Veteran-Owned Small Business (SDVOSB), is the premier preferred provider of Institutional Broker-Dealer and Capital Markets services. Bancroft was founded by a disabled Navy veteran and was built upon a commitment to service: service to clients, country, veterans and first responders. A for-profit company, Bancroft rises above the competition on the merit of content and leadership derived from industry veterans with 40+ years of industry pedigree; and on the foundation of a commitment to offer meaningful training/ employment to service-disabled veterans, first responders, and military spouses through their Veteran Training Program.