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EquiLend

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(Redirected from Equilend)
EquiLend LLC
TypeLending & Borrowing market
LocationNew York City, USA
Founded2001; 23 years ago (2001)
Owner
  • WCAS (2024–present)
  • Consortium (2001–24)[1]:
Key people
  • Brian P. Lamb (CEO)
  • Laurence Marshall (COO)
  • Paul Nigrelli (CFO)
  • Ken DeGiglio (CIO)

EquiLend is a securities lending platform started in late 2001 by a consortium of leading financial services institutions.[2] Founding members included Barclays Global Investors, Bear Stearns, Goldman Sachs, JPMorganChase, Lehman Brothers, Merrill Lynch, Morgan Stanley, Northern Trust, State Street, and UBS Warburg.

History

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Ian M. Drachman was its first CEO, the firm was subsequently led by Brian P. Lamb.[2][1] Since launching its first platform in 2001, it has grown to service over 80 clients and subsequently also begun to service fixed income securities markets.[1]

On September 5, 2024, it was announced that Welsh, Carson, Anderson & Stowe had completed the acquisition of the majority stake in the company.[3]

In 2018, EquiLend and its prime broker owners were sued in the Southern District of New York for antitrust violations. The case survived motion to dismiss in 2018.[4]

See also

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References

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  1. ^ a b c "About EquiLend". EquiLend. p. 1. Retrieved 2015-02-07.
  2. ^ a b "PWC veteran Drachman to head Equilend securities platform". Finextra. p. 1. Retrieved 2015-02-07.
  3. ^ "WCAS Completes Acquisition of EquiLend". WCAS. Retrieved 2024-10-04.
  4. ^ "Goldman, JPMorgan, four others must face stock lending antitrust case | Reuters".