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Sanwa Bank California in Los Angeles has hired Ole Larsen as head of planning and administration for its community and retail banking group, a newly created position.

Mr. Larsen was an executive vice president at Sumitomo Bank of California, where he was in charge of customer service and sales support for 47 branches.

Earlier he worked for Charles Schwab Inc. in the Midwest and in the northern California division of the former Security Pacific Bank in Los Angeles.

At Sanwa California he will oversee sales support and marketing information, delivery strategy, and credit for the community and retail banking group. He will report to vice chairman Howard Gould.

The $8.4 billion-asset bank is owned by Sanwa Bank Ltd. of Japan.

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