EquiLend Secures Its First Saudi Arabian Trading Client
In a significant move for the securities finance industry, EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), has announced that it will be going live on EquiLend's Next Generation Trading (NGT) platform. This partnership marks EFG Hermes as EquiLend's first trading client based in the Kingdom of Saudi Arabia.
EquiLend, a global provider of technology-enabled securities finance solutions, has been actively engaging with leading institutions across the GCC region. Their commitment to the region involves providing solutions that drive efficiency, automation, and global connectivity in securities finance.
EFG Hermes' operations across its securities finance business are set to become more efficient as a result of this partnership. The implementation enables streamlined, automated execution and lifecycle management for EFG Hermes. This will provide EFG Hermes with improved visibility into activity across its securities finance business.
Rich Grossi, CEO of EquiLend, stated, "The partnership with EFG Hermes reflects EquiLend's commitment to delivering market-leading technology." Dimitri Arlando, Head of EMEA Sales at EquiLend, added, "This is a significant milestone for EquiLend, the local Saudi Arabian market, and the securities finance industry."
EquiLend's work in the GCC region is focused on providing solutions that enhance securities finance. Their solutions are designed to benefit institutions in the region, and their engagement with leading institutions in the GCC region is aimed at enhancing securities finance.
In addition to EFG Hermes, another client that registered with EquiLend for using the NGT platform in Saudi Arabia is also EFG Hermes. This cooperation was announced to go live on August 26, 2025.
EquiLend's commitment to the Kingdom of Saudi Arabia and the broader GCC region is evident in its work with leading institutions. The company's solutions are intended to improve securities finance in the GCC region, and their work in the region is focused on providing solutions that drive efficiency and global connectivity.
This partnership comes at a time when EFG Hermes is looking to expand its presence in the securities finance market. By partnering with EquiLend, EFG Hermes gains greater access to global liquidity, which will undoubtedly contribute to its growth in the market.
In conclusion, the partnership between EFG Hermes and EquiLend marks a significant step forward for both companies. For EFG Hermes, it provides greater access to global liquidity and more efficient operations. For EquiLend, it reinforces their commitment to the GCC region and their position as a leading provider of securities finance solutions.
