BankingBusinessFinTech

EquiLend names former ION head Rich Grossi as new CEO

  • 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.
Previous article
MDXT acquires UK data management start-up Schematiq
Next article
Moneybox’s valuation climbs to £550m with new £70m investment
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

WealthCom Secures $65M Funding Boost for Expansion

The investment aims to enhance service offerings and accelerate growth.Highlights: WealthCom raises $65 million in Series B funding.New...
FinTech

Financial Health Tools Could Unlock $5B in SME Lending

CFIT report highlights the potential of financial hygiene tools for small businesses.Highlights: CFIT report suggests financial health tools...
FinTech

Coinbase Strengthens UK Crypto Borrowing Options for Customers

Users can now borrow against their cryptocurrency holdings in the UK.Highlights: Coinbase now allows UK customers to borrow...
FinTech

Chase UK Appoints Monzo’s Malani as CEO, Strengthening Leadership Team

Former Monzo executive will lead Chase UK's growth strategy.Highlights: Chase UK appoints Monzo veteran Malani as CEO.This move...