Banc of California announced it has hired Peter Ro and Cecilia Tsoflias as Co-Directors of Foreign Exchange and Interest Rate Derivatives to lead the expansion of these products. Mr. Ro joins Banc of California from Security Bank of California, where he was Foreign Exchange Manager. Previously, Mr. Ro was a Strategic Consultant at Global Fidelity Corporation and managed foreign exchange at Community Bank. Ms. Tsoflias joins Banc of California from Community Bank, where she was Vice President and Foreign Exchange Advisor.

The company announced it has expanded its commercial and private banking product offerings to include foreign exchange and interest rate swaps. The company offers foreign exchange and international wire services in over 100 currencies worldwide as well as a complete
interest rate risk management solution for clients.