Curtis A. Glovier was named chairman and CEO of Opus Bank’s PENSCO Trust and senior managing director of Merchant Banking and Opus Financial Partners.

Glovier recently served as a managing director at Fortress Investment Group and has served as a director of Opus Bank since its launch on September 30, 2010. He will continue to serve as a member of Opus’ board of directors, now as a management representative instead of as a board representative of Fortress Investment Group. Opus’ board membership will remain at nine.

Stephen H. Gordon, founding chairman, CEO and president of Opus Bank said, “We are proud to have Curtis take on the leadership of both Opus’ Wealth Services division and our leading alternative asset IRA custodian, PENSCO Trust. The depth and breadth of Curtis’ knowledge and expertise has been a tremendous resource throughout his service on Opus’ board of directors since Opus’ recapitalization and launch in September 2010. Having worked closely together for nearly six years, I’m certain that Curtis will achieve continued success as he leads and grows the highly-talented PENSCO team.”

“Additionally, given Curtis’ decades of success as a private equity and mezzanine investor, as an investment banker, and as an owner and director of numerous companies in a variety of sectors, we look forward to Curtis’ contributions as we expand Opus and its Merchant Banking activities.”

From May 2007 to July 2016, Glovier served as a managing director at Fortress Investment Group, responsible for the origination, execution and monitoring of private equity, mezzanine and other investments within Fortress’s credit business. Glovier also served on the investment committee of a number of Fortress investment funds, including the Fortress Credit Opportunities Funds, which invest in mortgage-backed securities, loans and other credit-related opportunities.

From May 2000 to May 2007, Glovier served as a managing director and co-head of the middle market buyout group at Perseus. From June 1995 to May 2000, he served as a managing director of Nassau Capital, which managed more than $2 billion on behalf of Princeton University. Earlier in his career, Glovier worked at Goldman, Sachs in the Mergers & Acquisitions, Structured Finance and Leveraged Buyout groups and was a management consultant at The Boston Consulting Group.