280 CapMarkets has hired two new managers.

Duane Erickson has joined 280 CapMarkets as managing director of taxable institutional fixed income sales and will be based in Chicago.

Erickson, previously with Cantor Fitzgerald, where he was a managing director of fixed income sales for 10 years, has more than 25 years of experience in the industry.

Prior to working at Cantor Fitzgerald, Erickson was a managing director at RBC Capital Markets.

Mike Avery has joined 280 CapMarkets’s San Francisco headquarters as director institutional sales. He has more than 15 years of experience selling taxable and tax-exempt bonds at major firms, such as RBC Capital Markets, Stone & Youngberg and Stifel Nicolaus, where he covered Tier 1, Tier II money managers, hedge funds, and institutions.