Changes at eSecLending with reduction to workforce
10 November 2017 London
Image: Shutterstock
eSecLending has downsized its workforce by 8 percent, including several senior positions.
The firm did not disclose which positions had been vacated but confirmed 鈥渢here are no major changes to the organisational structure or roles as a result.鈥�
Craig Starble, CEO of eSecLending, said: 鈥淲e have undertaken an 8 percent reduction in our workforce to create a more efficient organisational structure that remains focused on high growth.鈥�
He added: 鈥淲e are confident that our unique competitive position will lead to continued growth in 2018 and beyond; building on the success we鈥檝e seen in recent years with both new client wins and expanded mandates from our existing clients.鈥�
鈥淲e are working with our impacted employees to make sure that the transition is as smooth as possible for them.鈥�
This year, eSecLending appointed James Moroney as head of global equities and corporate bond trading, as of 27 February.
Moroney replaced Jeffrey O鈥橬eill, who held the role since 2013.
The firm did not disclose which positions had been vacated but confirmed 鈥渢here are no major changes to the organisational structure or roles as a result.鈥�
Craig Starble, CEO of eSecLending, said: 鈥淲e have undertaken an 8 percent reduction in our workforce to create a more efficient organisational structure that remains focused on high growth.鈥�
He added: 鈥淲e are confident that our unique competitive position will lead to continued growth in 2018 and beyond; building on the success we鈥檝e seen in recent years with both new client wins and expanded mandates from our existing clients.鈥�
鈥淲e are working with our impacted employees to make sure that the transition is as smooth as possible for them.鈥�
This year, eSecLending appointed James Moroney as head of global equities and corporate bond trading, as of 27 February.
Moroney replaced Jeffrey O鈥橬eill, who held the role since 2013.
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