First Technology Federal Credit Union has hired Steven Wright as its first chief legal officer as it seeks to strengthen its executive leadership team.
Wright joins from the Federal Reserve Bank of Boston, where he was general counsel and chief ethics officer. In his new role, Wright will lead First Tech’s enterprise governance and legal affairs, government affairs and compliance teams. He will be responsible for providing legal guidance across the organisation and help strengthen partner relationships.
He will report directly to First Tech president and CEO Shruti Miyashiro.
San Jose, California-based First Tech is a credit union, providing a full range of financial services, including banking, mortgages, financial planning, consumer lending and insurance services. It currently operates under two divisions, Digital Federal Credit Union and First Tech Federal Credit Union.
Miyashiro said: “[Wright’s] expertise in finance, governance and strategic leadership will help strengthen our organisation as we continue to grow and serve our members.”
Wright arrives after seven years at the Federal Reserve Bank of Boston. He previously spent two decades at Holland & Knight, where he was executive partner of its Boston office.
Prior to that he spent two years as a partner at Sherburne Powers & Needham, which merged with Holland & Knight in 1998. He previously co-founded his own firm Chin Wright & Branson, having started his legal career back in 1987 as assistant attorney general in the Massachusetts Attorney General’s Office before moving on to become deputy counsel for the Mayor of New York during David Dinkins time in office.
Wright said: “Credit unions play a vital role in strengthening financial well-being and expanding access to opportunities. I’m honoured to join an organisation so deeply committed to its members and communities. I look forward to partnering with leadership and the board to ensure we continue operating with the highest standards of integrity, compliance and strategic foresight as we grow.”
In other recent financial services moves, in March US fintech Solifi hired Kevin Smith from Jaggaer as CLO, a newly created position. Also in March, Canadian fintech DeFi Technologies appointed Philippe Lucet as GC, having previously been GC at DeFi’s subsidiary Valour.
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