Sandhu departs Stonewain Systems
01 October 2024 US
Image: Armeet_Sandhu/LinkedIn
Armeet Sandhu has stepped down as CEO of Stonewain Systems as the company integrated into EquiLend as a wholly-owned subsidiary.
Stonewain Systems is the software development company behind EquiLend Spire, the platform for agent lenders, broker-dealers, and beneficial owners in the securities finance industry.
Based in New Jersey, Sandhu served as founder and CEO at the firm for more than 13 years.
Prior to this, he was managing director at Scotia Capital and Wachovia Corporation.
In September 2024, Welsh, Carson, Anderson & Stowe (WCAS), a private equity firm completed its majority acquisition of EquiLend.
EquiLend purchased a majority share in Stonewain Systems in August 2021, building on a partnership between the two companies beginning in February 2019.
In his announcement on LinkedIn, Sandhu says: 鈥淭o our clients, your trust has been the driving force behind everything we鈥檝e achieved 鈥� I can鈥檛 thank you enough. To my colleagues, your dedication and hard work made this all possible.鈥�
Looking ahead, he wants to focus on more technological innovations, including the implementation of AI in securities finance.
Stonewain Systems is the software development company behind EquiLend Spire, the platform for agent lenders, broker-dealers, and beneficial owners in the securities finance industry.
Based in New Jersey, Sandhu served as founder and CEO at the firm for more than 13 years.
Prior to this, he was managing director at Scotia Capital and Wachovia Corporation.
In September 2024, Welsh, Carson, Anderson & Stowe (WCAS), a private equity firm completed its majority acquisition of EquiLend.
EquiLend purchased a majority share in Stonewain Systems in August 2021, building on a partnership between the two companies beginning in February 2019.
In his announcement on LinkedIn, Sandhu says: 鈥淭o our clients, your trust has been the driving force behind everything we鈥檝e achieved 鈥� I can鈥檛 thank you enough. To my colleagues, your dedication and hard work made this all possible.鈥�
Looking ahead, he wants to focus on more technological innovations, including the implementation of AI in securities finance.
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