Opus Taps Director to Lead Trust Business
By Joseph Kellard
Opus Bank in Irvine, Calif., has tapped one of its directors to lead a recently acquired business.
The $7.5 billion-asset company said in a press release Thursday that Curtis Glovier had become chairman and chief executive of Pensco Trust Co. He was also named Opus' head of wealth services and senior managing director of the company's merchant banking division.
Glovier, who had been a managing director at Fortress Investment Group, succeeded Kelly Rodriques as Pensco's CEO. Rodriques, who also stepped aside as the unit's president, will remain with Opus as a consultant.
Patrick Hughes, Pensco's senior vice president of business development, succeeded Rodriques as the unit's president.
Opus bought Pensco from Pensco Services for $104 million. The trust company has about $12 billion of custodial assets.