- New CEO Appointment: EquiLend, a securities lending platform, has appointed Rich Grossi as CEO.
- Growth Focus: Grossi’s role is to drive growth and innovation in the securities finance market.
- EquiLend’s Background: Founded in 2001, EquiLend offers solutions across data, trading, compliance, post-trade, and more.
- Private Equity Involvement: In January, private equity firm Welsh, Carson, Anderson & Stowe (WCAS) acquired a majority stake in EquiLend.
- Funding for Expansion: WCAS committed $200 million to support EquiLend’s organic growth and acquisitions.
- Rich Grossi’s Experience: Grossi previously held CEO roles at ION Corporates and Openlink Financial, bringing expertise in trading, treasury, and risk management solutions.
