The firm did not disclose which positions had been vacated but confirmed “there are no major changes to the organisational structure or roles as a result.”
Craig Starble, CEO of eSecLending, said: “We have undertaken an 8 percent reduction in our workforce to create a more efficient organisational structure that remains focused on high growth.”
He added: “We are confident that our unique competitive position will lead to continued growth in 2018 and beyond; building on the success we’ve seen in recent years with both new client wins and expanded mandates from our existing clients.”
“We are working with our impacted employees to make sure that the transition is as smooth as possible for them.”
This year, eSecLending appointed James Moroney as head of global equities and corporate bond trading, as of 27 February.
Moroney replaced Jeffrey O’Neill, who held the role since 2013.