Bancroft Capital is beefing up its Dallas-based municipal bond team with the hiring of two individuals with extensive market experience.

The certified service-disabled veteran-owned small business, which specializes in institutional brokerage and capital markets services, announced the addition of Alix Cethoute as director of municipal underwriting and Jack Logan as director of municipal sales.

“Not only will they work closely with Karl Biggers (managing director of public finance in Dallas) to expand our presence in Texas; they will also help us grow our footprint nationally through competitive bidding, which will significantly elevate Bancroft’s status in the municipal space,” said Bancroft Managing Director of Municipals Michael Ivcic in a statement.

Both joined Bancroft from UMB Capital Markets.

Cethoute has been in the muni industry for more than three decades, while Logan brings six years as a commercial banker and over 40 years in the municipal business to his new position, according to the statement.

The hires boost Bancroft’s muni staff to 11 in offices in Dallas, Fort Washington, Pennsylvania, and San Mateo, California.

Bancroft said it also hired Shannon Hough, a Navy veteran, as director of diversity, inclusion and veteran’s affairs initiatives.