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 |
|
History
editIan M. Drachman was its first CEO, the firm was subsequently led by Brian P. Lamb.[2][1] Since launching its first platform in 2001, it has grown to service over 80 clients and subsequently also 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]
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.[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".