Sonoran Trust Financial Names Elena Marsh as Chief Executive

The announcement is the latest sign of momentum for Phoenix's business community, which has drawn growing attention from investors across the Southwest.

"It's a big step forward for Phoenix, and it wouldn't have happened without a lot of people pulling in the same direction," said Andrew Torres, managing partner.

The company now employs roughly 32 people across its Arizona operations, with plans to keep hiring if growth holds through next year. Leadership says Phoenix's talent pipeline was a deciding factor in choosing to expand locally rather than out of state.

"It took teamwork, but we got there." — Andrew Torres

Company leadership says an update on hiring and expansion plans is expected before the end of the year.