Bank analyst R. Jay Tejera has left Dain Rauscher Wessels to join Ragen MacKenzie Group as director of research.

Mr. Tejera will oversee the brokerage's equity research, which focuses on retail, institutional, and corporate financial services.

"We're very excited about some of the things Jay will add to our research effort," said Lesa Sroufe, chief executive officer of Ragen.

Mr. Tejera is expected to broaden the brokerage's coverage to include "up and coming" technology companies in the Pacific Northwest, Ms. Sroufe said. Ragen will hire additional staff to support this effort, she added.

Mr. Tejera, who will begin work at the brokerage March 29, spent 13 years with Dain Rauscher, initially in Seattle but most recently in Minneapolis.

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