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People moves news

Saurabh Seth to leave eSecLending


08 October 2013 London
Reporter: Mark Dugdale

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Image: Shutterstock
Saurabh Seth, managing director and co-head of securities finance at eSecLending, has resigned from his position, sources have revealed.

The co-head of securities finance at eSeclending had primary responsibility for fixed income and equities trading in Europe, the Middle East, Africa and Asia.

He previously worked as a director at Mitsubishi UFJ Securities International. Before that, he held roles at BNP Paribas and Citigroup.

eSecLending hired Jeffrey O’Neill as managing director and global head of trading earlier in October.

The former Brown Brothers Harriman global head of securities lending trading was brought in to drive business growth at the securities lending agent, which was bought by a private equity firm in August for an undisclosed sum.

Craig Starble, who was previously an executive vice president and head of securities finance at State Street as well as CEO of Premier Global Securities Lending, also invested in eSecLending, and joined the firm as CEO.

eSecLending is yet to respond to a request for comment.
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