Essex National Securities Inc., a broker-dealer once owned by a subsidiary of Addison Avenue FCU, has been acquired by private New York investment firm.
No date set for replacement to be named for Benson Porter, newly appointed CEO at BECU.
Addison Avenue Investment Services, the investment services program of First Tech Federal Credit Union, has partnered with Raymond James Financial Services Inc.
Benson Porter said the chance to return to his native Seattle was a major factor in his decision to leave First Tech.
First Technology Credit Union CEO Benson Porter in California and Oregon has been named president/CEO of $9.7 billion BECU in Washington state.