Larry Albaugh Joins eSecLending as Head of Project Management February 2015
Albaugh Brings Over 20 Years of Industry Experience
BOSTON, February 5, 2015 – eSecLending, a leading global financial services company, announced today that Larry Albaugh has joined the firm as Vice President, Head of Project Management.
Albaugh will be responsible for heading eSecLending’s project management efforts that will focus on internal operational enhancements and new product and service deliveries to the company’s clients. Albaugh brings over 20 years of industry experience, which includes work in project management, relationship management, business development, securities lending, middle office support, mutual fund accounting and operations. Prior to joining eSecLending, Albaugh worked as a Consultant at Barrington Partners. Prior to that, he worked as Senior Managing Director at Premier Global Securities Lending, LLC and as Managing Director, Securities Finance at State Street Corporation. Albaugh holds a Master of Business Administration Degree from Boston University and a Bachelor’s Degree in Business from Suffolk University.
eSecLending’s Chief Risk Officer and Head of Corporate Strategy, Peter Economou states, “We are excited that Larry has joined us at eSecLending. He has proven success in developing and expanding mutually rewarding relationships with institutional investors and his expertise, both in securities lending and project management, will allow eSecLending to continue to improve our evolving, innovative product offering in line with changing client needs. ” Larry Albaugh states, “I am looking forward to working in this next-generation securities lending business. I believe my background as a consultant and broad experience in the securities lending business will allow me to add value by identifying, prioritizing and managing projects that will provide our clients and borrowers with an industry-leading experience.”
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eSecLending is an independently owned financial services company providing securities financing, collateral and liquidity services, and default management solutions to institutional investors, and clearing organizations worldwide.
eSecLending’s operating company (the company through which substantially all eSecLending transactions are contractually executed) is Securities Finance Trust Company (“SFTC”). SFTC is an independent trust company incorporated in the state of Vermont and subject to examination and regulation by the Vermont Department of Financial Regulation in accordance with the rules and regulations of the Office of the Comptroller of the Currency of the United States.
eSecLending is headquartered in Boston and has offices in London, England and Burlington, Vermont. The company was founded in 2000 and is currently owned by Parthenon Capital Partners, a private equity firm based in Boston and San Francisco.