EquiLend stake sold to NBC 13 December 2018New York Reporter: Jenna Lomax
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J.P. Morgan is selling one of its two stakes in EquiLend to the National Bank of Canada (NBC).
Commenting on the sale, Brian Lamb, CEO of EquiLend, said he was "thrilled鈥� to welcome NBC to its ownership group and board of directors.
Lamb added: 鈥淣BC is a strong supporter of fintech and automation in the securities finance market, and as such we couldn鈥檛 ask for a more fitting partner.鈥�
鈥淲e look forward to working with all of our owners and 130 other clients in the global securities finance market as we continue to deliver innovative new technology solutions.鈥�
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