Opus Taps Exec to Manage Balance Sheet Operations

Opus Bank in Irvine, Calf., has given more responsibilities to its head of capital markets.

The $7.5 billion-asset company said in a press release Wednesday that Jason Raefski will become its head of balance sheet strategies and execution. In that role, Raefski will oversee treasury and capital markets activities, asset-liability and interest rate risk management, liquidity management, financial planning and analysis, budgeting and forecasting and cash management. Raefski, who joined Opus in 2013, previously served as chief financial officer at Sunwest Bank in Irvine, focusing on balance sheet, tax, capital, and risk management strategies and earnings improvement.

"We are proud to have [Raefski] expand on his capital markets responsibilities and to take the lead on these critical strategic roles, leveraging his experience and expertise," Stephen Gordon, Opus' chairman, chief executive and president, said in the release.

Opus in August hired Dmitry Semenov from Umpqua Bank to run its newly formed public finance division as senior managing director and head of public finance. It also appointed a director, Curtis Glovier, chief executive of its recently acquired business, Pensco Trust Co., and named him head of Opus' wealth services and senior managing director of its merchant banking division.

Opus Bank has 56 branches in Arizona, California, Oregon and Washington.