PENSCO Names David Foxhoven Vice President – Head of Operations

SAN FRANCISCO–(BUSINESS WIRE)–PENSCO Trust Company (“PENSCO”) announced today that David Foxhoven, a seasoned operations veteran with over 25 years of financial services experience, has joined PENSCO as Vice President – Head of Operations.

PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank (“Opus”) (NASDAQ: OPB), is a leading alternative asset IRA custodian with $14 billion in assets under custody and nearly three decades of expertise providing custodian services for self-directed individual retirement accounts, qualified plans, and other self-directed accounts that are invested in alternative assets, including private equity, real estate, notes, cash, and other non-exchange traded assets.

Curtis Glovier, Chairman and Chief Executive Officer of PENSCO, stated, “We are proud to have David join PENSCO to lead our Operations team. David’s varied and accomplished operations background makes him an outstanding addition to our team. He brings to PENSCO not only years of experience in financial services operations, but also deep experience in technology with a focus on operational excellence and the client experience.”

David Foxhoven, Vice President – Head of Operations, commented “What really attracted me to PENSCO was its reputation among top-shelf broker-dealers as well as PENSCO’s commitment to transforming the industry with its award-winning Alt-Nav technology that makes it easy to invest in alternative assets using retirement dollars. The technology also streamlines the work of the Operations groups I oversee and related areas, including Investment Review & Maintenance, Institutional and Retail Client Services, Sales Support, Business Development, and Business Analytics.” Mr. Foxhoven added, “I look forward to contributing to the continued transformation of this industry.”

Mr. Foxhoven joins PENSCO most recently from SRS Acquiom, where from 2016 he served as Executive Vice President, Chief Operations & Technology Officer. While at SRS Acquiom, Mr. Foxhoven was responsible for the firm’s Operations, Technology, Project Management Office, and Product teams. From 2014 to 2016, Mr. Foxhoven served as Executive Vice President, Head of Technology and Operations with ProShare Advisors, LLC, where he was responsible for leading and directing the firm’s client services, operations, and information technology teams. From 2010 to 2013, Mr. Foxhoven served as Senior Vice President, Head of Denver Operations for Brown Brothers Harriman & Co., where he was responsible for the firm’s middle office operations. From 1996 to 2010, Mr. Foxhoven served with Oppenheimer Funds, joining as Manager, Banking Operations and rising to the role of Senior Vice President responsible for the Fund Accounting and Administration, Investment / Fund Operations, and Monetary Control departments. Mr. Foxhoven began his career in 1991 with Merrill Lynch. Mr. Foxhoven holds a Bachelor of Science degree in Business Administration from the University of Nebraska, Kearney and a Master of Business Administration from Regis University in Denver, Colorado.