Cruttenden Steps Down as E*Offering CEO
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Walter Cruttenden III, a longtime Orange County investment banker, has stepped down as chief executive of E*Offering to pursue other investment deals.
Cruttenden, who co-founded the San Francisco online underwriting firm with E*Trade, said he only intended to lead the company during its start-up phase. E*Offering was launched a year ago.
“I’m on to the next deal,” said Cruttenden, president of Cruttenden Partners in Newport Beach.
He said he is negotiating to purchase a Southern California software company but declined to identify it. Cruttenden remains a major investor and board director of E*Offering.
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