Bancroft Capital Names Katherine Kullmann VP of Municipal Underwriting

Former Barclays and Citi underwriter joins Bancroft’s Fort Washington headquarters to expand negotiated deal execution

FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Bancroft Capital, a certified Service-Disabled Veteran-Owned Small Business (SDVOSB), announces the hiring of Katherine Kullmann as Vice President of Municipal Underwriting. Kullmann will serve as the primary negotiated underwriter working out of the firm’s Fort Washington headquarters.

“Katherine is a tremendous addition to our municipal team,” said CEO Cal Quinn. “Her hiring continues to demonstrate our commitment to providing exceptional, value-added service to our counterparts in municipals.”

Kullmann comes to Bancroft from Barclays Capital, where she worked on the municipal credit origination desk. She gained extensive underwriting experience at Citigroup, where she began her career and worked until the firm shuttered its municipal department in late 2023.

“I’m thrilled to be joining Bancroft,” said Kullmann. “I look forward to supporting their growing municipal underwriting business and the firm’s mission to serve veterans.”

Kullmann replaces the recently departed Glen Balanoff, who accepted a position as the head of all municipal underwriting at Goldman Sachs.

“We are excited to add someone with Katherine’s experience and versatility to the desk,” said Kate Baltra, Managing Director of Municipals. “I look forward to working with her as we expand our negotiated underwriting capacity.”

Kullmann holds her FINRA SIE and Series 3, 7, 52, 53, 63, and 79 licenses. She graduated with a B.S. in finance from Virginia Tech.

About Bancroft Capital

Bancroft Capital is a certified Service-Disabled Veteran-Owned broker/dealer. The firm was co-founded in 2017 by Cauldon Quinn, a disabled Navy veteran. His vision is 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, including capital markets, equities, fixed income, and municipals.

For more information, visit www.bancroft4vets.com.