EquiLend
| Type | Lending & Borrowing market |
|---|---|
| Location | New York, USA |
| Founded | 2001 |
| Owner | |
| Key people |
|
EquiLend is a securities lending platform started in late 2001[2] by a consortium of leading financial services institutions. Founding members include Barclays Global Investors, Bear Stearns, Goldman Sachs, JPMorganChase, Lehman Brothers, Merrill Lynch, Morgan Stanley, Northern Trust, State Street, and UBS Warburg.
With Ian M. Drachman as its first CEO,[2] the firm is now led by Brian P. Lamb.[1] Since launching its first platform in 2001, it has grown to service over 80 clients and has recently 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]
EquiLend and its prime broker owners are currently being sued in the Southern District of New York for antitrust violations. The case survived motion to dismiss in 2018.[4]
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. p. 1. Retrieved 2015-02-07.
- ^ "WCAS Completes Acquisition of EquiLend". WCAS. Retrieved 2024-10-04.
- ^ "Goldman, JPMorgan, four others must face stock lending antitrust case | Reuters".