California-based Opus Bank, which recently bought PENSCO Trust Company, has announced a change in leadership.

Kelly Rodriques has resigned as chief executive of PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank, and as executive vice president of wealth services at Opus. 

Rodriques has led PENSCO since March 2010 and has served as executive vice president at Opus since the firm's acquisition of PENSCO in April 2016.

He is being replaced by Curtis Glovier, who is joining from Fortress Investment Group as chairman and chief executive of PENSCO, and as head of wealth services at Opus. 

Glovier will continue to serve as a member of Opus’ board of directors, but as a management representative instead of as a board representative of Fortress. 

Meanwhile, Patrick Hughes, PENSCO’s senior president of business development, has been appointed as president of PENSCO, effective August 8.

Going forward, PENSCO will be led by Glovier, Hughes, and Mark Lee, chief operating officer.

“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 Company,” said Stephen Gordon, founding chairman, CEO and president at Opus. “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.”