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EquiLend Holdings LLC
EquiLend powers securities finance for 190+ institutions. Rich Grossi leads the legacy fintech platform for trading, post-trade, data, and RegTech.
EquiLend Holdings LLC
EquiLend was formed in 2001 by a group of global financial institutions seeking to standardize the securities lending market. The firm went live with its trading platform in 2002 and has since expanded into post-trade processing, market data, and regulatory technology. Rich Grossi serves as CEO; the leadership team includes CFO Paul Nigrelli, COO Laurence Marshall, and CIO Ken DeGiglio. The company's platform covers the full securities finance lifecycle—from pre-trade analytics through execution, clearing, and settlement. Its product suite includes the Next Generation Trading (NGT) platform, EquiLend Spire, DataLend market data, and EquiLend Clearing Services. EquiLend serves over 190 institutions across agent lending, broker-dealers, beneficial owners, and hedge funds, offering both screen-based and API connectivity. The firm operates globally with offices in New York, London, Dublin, Hong Kong, Tokyo, Toronto, and India. EquiLend maintains a flat partnership-like ownership structure with its original bank consortium, though specific ownership details are not publicly disclosed. The firm employs several hundred professionals across eight global offices and is active in industry bodies including the International Securities Lending Association and Pan Asia Securities Lending Association. In 2024, EquiLend named Delta Capita as an implementation partner for its EquiLend Spire platform, signaling continued investment in its next-generation technology. The firm's structure is distinct: it is an independent fintech provider that emerged from bank consortium ownership rather than a typical family office or venture firm. EquiLend does not deploy capital as an investment manager but operates as a critical infrastructure utility for the $30 trillion global securities lending market, sourcing proprietary deal flow through its role as the hub connecting market participants.
General information
Firm type
other
Year founded
2001
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Berkeley Heights, NJ · Toronto, Canada · London, UK · Dublin, Ireland · Hong Kong, China · Tokyo, Japan · Chandigarh, India · Bengaluru, India
Principals
Rich Grossi
Chief Executive Officer
Paul Nigrelli
Chief Financial Officer & Head of Corporate Strategy
Laurence Marshall
Chief Operating Officer
Ken DeGiglio
Chief Information Officer
Sector focus
Frequently asked questions
Who runs investment decisions at EquiLend?
EquiLend is not an investment manager—it is a technology provider for securities finance. CEO Rich Grossi leads the firm's strategy, while product and technology decisions are driven by Chief Product Officer Nick Delikaris and CTO Kumar Arvind (per firm website).
How does EquiLend source its technology?
EquiLend develops its platform in-house rather than through acquisitions. Its products—NGT, Spire, DataLend, and its RegTech suite—are built by internal engineering teams led by CIO Ken DeGiglio and supported by development centers in Chandigarh and Bengaluru, India (per firm website).
Is EquiLend structured as a family office or a vendor?
EquiLend is a standalone fintech company formed by a consortium of global banks. It is not a family office, asset manager, or investment fund. It functions as a market infrastructure provider, generating revenue through licensing and transaction fees (per firm website).
Does EquiLend make investments or only provide services?
EquiLend provides technology services and does not deploy client capital or make equity investments in other firms. Its role is to automate and connect the securities lending market, not to act as an allocator (per firm website).
What investment stages does EquiLend serve?
EquiLend's platform serves participants across the full securities finance lifecycle—pre-trade, trade execution, post-trade, and regulatory reporting. Its clients include agent lenders, broker-dealers, beneficial owners, and hedge funds (per firm website).
Which geographies does EquiLend operate in?
EquiLend has offices in New York, Berkeley Heights (NJ), Toronto, London, Dublin, Hong Kong, Tokyo, Chandigarh, and Bengaluru. Its platform connects counterparties globally (per firm website).
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