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.
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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.

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