EquiLend acquires Finadium; firm to operate independently

EquiLend announced the acquisition of Finadium, a research and consultancy firm focused on securities finance, repo, collateral and capital markets infrastructure. Finadium will operate as an independently functioning subsidiary within the EquiLend group, and Josh Galper will remain in charge of the firm’s day-to-day operations.

The companies said Finadium’s research reports, data products and advisory services will be brought into EquiLend’s platform while the firm’s editorial independence is preserved. The acquisition covers Finadium’s work on securities lending, repo, prime brokerage and related capital markets topics and extends EquiLend’s access to market intelligence and consulting capabilities.

EquiLend provides technology, data and analytics for securities finance. The company stated the deal will expand its ability to deliver market intelligence and consultancy services to institutions involved in funding and short-term financing markets. EquiLend also said it plans to invest in Finadium’s consultancy offerings to broaden support for a wider range of market participants.

Rich Grossi, EquiLend’s chief executive, said the company intends to preserve Finadium’s independence while expanding its consulting services: “Finadium has built an exceptional reputation for impartial, best-in-class thinking and consulting, and we’re committed to preserving that independence while investing to broaden and expand its consultancy services.”

Josh Galper, leader of Finadium, said the firm would continue serving a global client base and highlighted the continuity of its operations: “We are very pleased to join the EquiLend family. The markets are changing fast, and developing our franchise in partnership with EquiLend will support the entire funding and financing industry. We’re excited to maintain our editorial independence while delivering world-class market intelligence and consulting to both EquiLend clients and a diverse range of market participants globally.”

No financial terms of the transaction were disclosed. Both firms described the arrangement as keeping Finadium operationally separate while integrating its research and consulting into EquiLend’s broader services for institutions involved in securities lending, collateral management and short-term funding markets.