FORT WASHINGTON, Pa.--(BUSINESS WIRE)--May 5, 2025--
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.
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“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.
Former Barclays and Citi underwriter, Katherine Kullmann, joins Bancroft Capital as VP of Municipal Underwriting to expand negotiated deal execution.
NEW YORK (AP) — Thousands of New York City nurses returned to the picket lines Tuesday as their strike targeting some of the city’s leading hospital systems entered its second day.
Union officials say roughly 15,000 nurses walked off the job Monday morning at multiple campuses of three hospital systems: NewYork-Presbyterian/Columbia, Montefiore Medical Center and Mount Sinai.
The affected hospitals have hired droves of temporary nurses to try to fill the labor gap. Both nurses and hospital administrators have urged patients not to avoid getting care during the strike.
New York City, like the U.S. as a whole, has had an active flu season. The city logged over 32,000 cases during the week ending Dec. 20 — the highest one-week tally in at least 20 years — though numbers have since declined, the Health Department said last Thursday.
Roy Permaul, an intensive care unit nurse who was among those picketing in front of Mount Sinai's flagship campus in Manhattan, said he and his colleagues are prepared to walk off the job as long as needed to secure a better contract.
But Dania Munoz, a nurse practitioner at Mount Sinai, stressed that the union’s fight wasn’t just about better wages.
“We deserve fair pay, but this is about safety for our patients, for ourselves and for our profession,” the 31-year-old Bronx resident said. “The things that we’re fighting for, we need. We need health care. We need safety. We need more staffing.”
The New York State Nurses Association said Tuesday that none of the hospitals have agreed to additional bargaining sessions with the union since their last meetings on Sunday.
It also complained that Mount Sinai, which operates seven hospitals, unlawfully fired three nurses hours after the strike started and improperly disciplined 14 others who had spoken out about workplace violence or discussed the union and contract negotiations with their colleagues.
Mount Sinai spokespersons said Tuesday the claims were “not accurate” and that they would provide more information later. Mt. Sinai has said approximately 20% of its nurses reported for work on the first day of the strike rather than picketing.
Meanwhile, Montefiore Medical Center said it has “not canceled even one patient’s access to care” during the work stoppage. The city Emergency Management Department said it hasn’t seen major impacts to patient care so far.
The hospital system also criticized unionized nurses for seeking “troubling proposals” such as demanding that nurses not be terminated, even if found to be compromised by drugs or alcohol while on the job.
The union said Montefiore was “blatantly mischaracterizing” one of its basic workplace proposals, which would have added protections for nurses dealing with substance use disorders and which has already been adopted in other hospitals around the state.
The labor action comes three years after a similar strike forced medical facilities to transfer some patients and divert ambulances.
As with the 2023 labor action, nurses have pointed to staffing issues as a major flashpoint, accusing the big-budget medical centers of refusing to commit to provisions for safe, manageable workloads.
The private, nonprofit hospitals involved in the current negotiations say they’ve made strides in staffing in recent years and have cast the union’s demands as prohibitively expensive.
On Monday, the city's new mayor, Zohran Mamdani, stood beside nurses on a picket line outside NewYork-Presbyterian, praising the union’s members for seeking “dignity, respect and the fair pay and treatment that they deserve.”
Nurses strike in front of Montefiore Hospital in the Bronx borough of New York, Tuesday, Jan. 13, 2026. (AP Photo/Seth Wenig)
Nurses strike in front of Montefiore Hospital in the Bronx borough of New York, Tuesday, Jan. 13, 2026. (AP Photo/Seth Wenig)
Nurses strike outside New York-Presbyterian Hospital, Monday, Jan. 12, 2026, in New York. (AP Photo/Yuki Iwamura)
