Provided by Bancroft Capital
Bancroft Capital, a certified Service-Disabled Veteran-Owned Small Business (SDVOSB) specializing in Institutional Brokerage and Capital Markets services, announced that it has accepted three impressive disabled military veteran candidates into its Veteran Training Program (VTP) for 2021, including USA Ret. LTC William Marm of Manassas.
Launched and fully funded by Bancroft Capital in 2019, the VTP puts disabled veterans and first responders in a position to develop a skill set capable of supporting a new career as Institutional Traders and Investment Bankers. Bancroft aims to offer paid opportunities to up to four 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.
The VTP accepts a new class of candidates every year who, through their own hard work and diligence, have the opportunity to rewrite their futures as they develop skill sets that last through not one job, but for the life of a career.
In order to qualify for the VTP, which is funded by Bancroft Capital’s for-profit income, applicants must meet the following criteria:
- Military applicants must have 180 consecutive days of service;
- Military applicants must have a discharge from the military that is honorable or other than dishonorable;
- Military applicants for the program should have a disability rating from the Department of Veteran Affairs;
- First responder applicants should have a Service-Connected Disability and be considered under the Regulation 32 Disability standard;
- First Responder applicants should be considered ‘permanently and totally disabled.’
“The Bancroft ethos is to ‘do well while doing good’, that we would use the prosperity of our industry to touch the lives of others,” said Bancroft Founder & CEO Cauldon D. Quinn, a disabled veteran himself. “It is our privilege to welcome three exceptional candidates into our program. We look forward to partnering with them as we provide the opportunity and they provide the effort required for a successful career in institutional finance.”
This year’s cohort will receive educational support and training as they embark on careers in the financial industry. Accommodating for the challenges of an ongoing COVID pandemic, Marm will co-op between a home office and Bancroft Headquarters.
Marm is joining Bancroft’s VTP as a retired U.S. Army Green Beret with 20 years of service. Marm received a commission in the infantry from the United States Military Academy at West Point with the Class of 1999, successfully completed Special Forces training, and served in various leadership positions with deployments throughout Africa, Europe, and the Middle East. Marm has a master’s degree from the Naval Postgraduate School in Defense Analysis, with a specialty in Terrorist Operations and Financing.
“I am excited to learn, grow and benefit from the training and mentoring provided by Bancroft professionals, and be positioned to make a difference in this business environment,” said Marm.
Bancroft’s VTP has a three-pronged approach:
- Begin working with veterans early, in the recovery hospitals before they transition fully into civilian life;
- Facilitate effective training through an on-the-job training regimen; and
- Integrate academic achievement through partnerships with Villanova University and DeSales University. All VTP candidates have access to business school classes, four-year degree programs, and if they meet the criteria, direct acceptance into an executive MBA program without the prerequisite of a four-year degree.