eSecLending Company and Competitor Profile
Overview
eSecLending is a leading independent third-party securities lending agent known for its customized solutions designed for superior risk-adjusted returns, enhanced transparency, and strong alignment of interests. Founded in 2000, the firm is headquartered in Burlington, Vermont, with additional offices in Boston and London. It employs 159 professionals and generates an annual revenue of $22.7 million, with a reported revenue per employee of approximately $143,000.
Business Model and Strategy
eSecLending offers an innovative alternative to traditional custodial and pooled lending models. The firm emphasizes individually tailored lending programs with key focus areas including:
- Customized Client Solutions: Partners with clients to design unique securities lending strategies tailored to their individual goals.
- Enhanced Risk Management: Offers segregated programs with high-quality indemnification, comprehensive reporting, VaR analysis, and stress testing.
- Revenue Optimization: Utilizes exclusive execution strategies and a proprietary auction process to outperform market benchmarks.
- Transparency and Control: Provides clients with increased control and visibility over lending programs, with independently verified performance validation.
Management and Leadership Team
- Craig Starble, CEO: Since 2013, leads strategic operations, leveraging experience as a former securities finance head at State Street.
- Chris Jaynes, CFA, President: A founding member focused on client and product strategy.
- Jill Carey, CPA, CFO: Oversees the financial strategy since 2002.
- Brooke Gillman, Managing Director: Heads Global Client Relationship Management.
- Nora Bowman, SVP, Client Relationship Management
- Mark MacNeill, SVP, Equity and Fixed Income Trading
- Nelson Poon, SVP
Financial Performance and Valuation
eSecLending manages over $1 trillion in lendable assets as of December 2024, marking substantial growth from approximately $850 billion earlier. The company has secured $115 million in funding, bolstered by investors like Parthenon Capital Partners.
Industry Position and Developments
Recognized as the industry's largest independent securities lending agent, eSecLending serves asset management firms, pension plans, and institutional investors across North America, Europe, and Australia. Recent initiatives include transitioning clients to T+1 settlements with Pirum's Recalls Manager solution, reflecting a strong commitment to technological adaptation and regulatory compliance.
Competitor Profile
Competitive Landscape
- oneZero Financial Systems
- Revenue: $27.5M
- Employees: 197
- Specializes in multi-asset class trading technology.
- Bindable
- Revenue: $8M
- Employees: 68
- Provides insurance technology platforms.
- Computershare
- Revenue: $2239.5M
- Employees: 12,305
- Offers comprehensive financial services globally.
- Flywire
- Revenue: $183M
- Employees: 1,035
- Focus on global payment enablement and software.
Other competitors include firms like HighSage Ventures and Coin Metrics, each contributing uniquely to the competitive landscape.
Recent Developments
eSecLending continues to be distinguished within the securities financing industry by focusing on client-aligned solutions and enhanced risk-adjusted returns, setting itself apart from traditional agent bank competitors.
Locations
With a global footprint, eSecLending's strategic offices in Boston, London, and Burlington, Vermont, enable effective delivery of tailored securities lending services to international clients.
