10 November 2017
London
Reporter: Jenna Lomax

Changes at eSecLending with reduction to workforce


eSecLending has downsized its workforce by 8 percent, including several senior positions.

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.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Hedge funds continue 2017 run
23 November 2017 | Madrid | Reporter: Drew Nicol
Global AUM of hedge funds rose 24 percent to $3.2 trillion in the past two years, according to data captured by IOSCO’s latest market survey.
Goldman Sachs appointed by Thrivent for agent lending
23 November 2018 | Minneapolis | Reporter: Jenna Lomax
Thrivent Financial has appointed Goldman Sachs as it new lending agent
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
FCA publishes MiFID II guide
22 November 2017 | London | Reporter: Jenna Lomax
The guide focuses on the regulatory regime in MiFID II for trading venues and data reporting services providers
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
India reviews SBL position limits
21 November 2017 | New Delhi | Reporter: Zsuzsanna Szabo
The Securities and Exchange Board of India has altered its securities lending rulebook, following market calls for change
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules