Larry Albaugh was named vice president, head of project management, at securities lending firm eSecLending.
The position is new, spokeswoman Meaghan Cashman said.
Mr. Albaugh will report to Peter Economou, chief risk officer and head of corporate strategy. He worked with Mr. Economou at Premier Global Securities, where Mr. Albaugh was senior managing director, and at State Street Corp. where Mr. Albaugh was managing director, securities finance.
Mr. Albaugh previously was a consultant at Barrington Partners, a money manager consulting firm. Hubbard Garber, managing director at Barrington Partners, said Mr. Albaugh’s replacement has not been determined.