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.
| Type | Lending & Borrowing market |
|---|---|
| Location | New York, USA |
| Founded | 2001 |
| Owner | |
| Key people |
|
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
editReferences
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".