EquiLend is a securities lending platform started in late 2001 by a consortium of leading financial services institutions. 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.
Rich Grossi, former CEO of ION Corporates, was appointed CEO of EquiLend in October 2024. Previous CEOs of EquiLend include Ian M. Drachman and Brian P. Lamb. Since launching its first platform in 2001, it has grown to service more than 190 financial institution client firms.
On September 5, 2024, it was announced that Welsh, Carson, Anderson &amp; Stowe had completed the acquisition of the majority stake in the company.
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.
References.
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