EquiLend
| Type | Lending & Borrowing market |
|---|---|
| Location | New York City, USA |
| Founded | 2001 |
| Owner | |
| Key people |
|
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
[edit]Rich Grossi, former CEO of ION Corporates, was appointed CEO of EquiLend in October 2024.[3] Previous CEOs of EquiLend include Ian M. Drachman and Brian P. Lamb.[2][1] Since launching its first platform in 2001, it has grown to service more than 190 financial institution client firms.[1]
On September 5, 2024, it was announced that Welsh, Carson, Anderson & Stowe had completed the acquisition of the majority stake in the company.[4]
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.[5]
See also
[edit]References
[edit]- ^ a b c "About EquiLend". EquiLend. p. 1. Retrieved 2015-02-07.
- ^ a b "PWC veteran Drachman to head Equilend securities platform". Finextra. October 2001. p. 1. Retrieved 2015-02-07.
- ^ "EquiLend Announces Appointment of New Chief Executive Officer". EquiLend. Retrieved 4 December 2024.
- ^ "WCAS Completes Acquisition of EquiLend". WCAS. Retrieved 2024-10-04.
- ^ "Goldman, JPMorgan, four others must face stock lending antitrust case | Reuters". Reuters.