Opus Bank reports that Tom Bowers, Chief Operating Officer of Starwood Capital Group, has been appointed to the Opus’ Board of Directors, effective June 23, 2016, and appointed a member of the Compensation Committee and Nominating and Corporate Governance Committee. Mr. Bowers replaces Marcos Alvarado, formerly Senior Vice President and Managing Director of Starwood Capital Group, who concurrently resigned from Opus’ Board of Directors, effective June 23, 2016. Opus’ board membership remains at nine.

Stephen H. Gordon, Founding Chairman, Chief Executive Officer and President of Opus Bank, stated, “Marcos has been an outstanding member of Opus’ Board of Directors. His considerable contributions have been instrumental in the growth of Opus since joining the board early in the Bank’s infancy. On behalf of Opus, I thank Marcos for his years of commitment.” Gordon added, “We are excited to have Tom Bowers join Opus’ Board of Directors. I have no doubt that his depth and breadth of knowledge and experience will be of immediate benefit, and that his transition will be smooth and seamless as Opus continues to expand and grow.”

Tom Bowers serves as Managing Director and Chief Operating Officer of Starwood Capital Group (“Starwood”). In this role, Mr. Bowers is responsible for driving Starwood’s priority strategic initiatives and enhancing the operational effectiveness of Starwood’s public and private operating companies and entities. He serves on Starwood’s Executive and Investment Committees, and is a Trustee of Colony Starwood Homes (NYSE: SFR), a Starwood Capital affiliate that is one of the largest publicly traded investors, owners, and operators of single-family homes in the nation. Mr. Bowers previously served as Head of Corporate Strategy and Development at Starwood. Prior to joining Starwood in 2015, Mr. Bowers was Co-Head of Asset and Wealth Management-Americas at Deutsche Bank, where he was responsible for managing the U.S. and Latin American wealth management businesses, and had joint responsibility for the integration of Deutsche Bank’s wealth and institutional asset management businesses in the Americas. In this role, Mr. Bowers was a board member of Deutsche Bank Securities. Mr. Bowers previously held a number of senior roles at Citigroup Private Bank, including Global Chief Operating Officer; Head of Strategy and Corporate Development; COO-Europe, Middle East and Africa; COO-U.S.; and Head of Banking and Structured Lending. Mr. Bowers holds a B.S. degree in Business Administration from the Boston University School of Management, and a J.D. and LL.M. (Taxation) from Boston University School of Law.