The Bank of New York Mellon Corp. has made an undisclosed minority investment in EquiLend, a technology, data, and analytics solutions provider for the securities finance industry, and BNY along with eight other financial institutions making strategic investments will advise EquiLend on further innovation and efficiency in securities finance transactions. BNY will also be among… Read More >>
Private Equity Firm Acquires EquiLend
Private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has acquired a majority stake in EquiLend, a technology, data, and analytics provider for the securities finance industry, officials say. WCAS is “impressed with EquiLend’s highly differentiated suite of technology solutions and its sustained trusted client relationships,” says Ryan Harper, a general partner at the private… Read More >>
Ops Woes & Revenues Surge for Securities Lending
A key report finds that securities lending revenues surged last year and so did operational workloads, which makes the case for more automated reconciliation systems that process transactions in real-time, industry expert Roy Zimmerhansl tells FTF News. In 2023, the global securities finance industry set a record with $10.7 billion in revenue for lenders, according to… Read More >>
4sight Hires Former Merrill Lynch MD
4sight Financial Software, a provider of software and consultancy services to the securities finance and collateral management markets, reports that it has hired Raymond Blokland as a senior consultant. Prior to joining 4sight, Blokland, with more than 20 years of financial markets experience, was a managing director at Bank of America Merrill Lynch. Previously, he… Read More >>
