EquiLend
From Wikipedia, the free encyclopedia
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.
| Type | Lending & Borrowing market |
|---|---|
| Location | New York City, USA |
| Founded | 2001 |
| Owner | |
| Key people |
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History
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]