EquiLend Welcomes EFG Hermes as Its First Client in Saudi Arabia on NGT Platform

EquiLend Expands Footprint in Saudi Arabia with EFG Hermes Partnership

EquiLend has made a notable step in its regional expansion by onboarding EFG Hermes, marking the investment bank as its first client based in Saudi Arabia. This partnership is significant for both parties, positioning EFG Hermes as a pioneer in the Gulf region in adopting automated post-trade and trading systems through EquiLend's Next Generation Trading (NGT) platform.

The Role of EFG Hermes in MENA Financial Landscape

EFG Hermes is recognized as a leading investment bank across the Middle East and North Africa (MENA), offering a robust portfolio of financial services that include advisory, asset management, securities brokerage, and private equity. Previously, EFG Hermes had successfully integrated EquiLend's post-trade services and is now extending this relationship to include trading capabilities on the NGT platform.

Benefits of Automation and Streamlined Operations

The integration with EquiLend's NGT platform facilitates seamless trade execution along with lifecycle management, thereby enhancing EFG Hermes’ access to global liquidity. With improved operational efficiency, the investment bank will gain better insights into activities within its securities finance sphere, ultimately strengthening its market position and service offerings.

"Our collaboration with EFG Hermes embodies EquiLend's dedication to providing top-tier technology that caters to businesses in the Kingdom and across the Gulf Cooperation Council (GCC) region," said Rich Grossi, CEO of EquiLend. This partnership is a clear indication of EquiLend's strategic intent to nurture the growth of the securities finance market within Saudi Arabia and broaden its contributions to regional financial evolution.

A Vision for Future Collaborations

Dimitri Arlando, Head of EMEA Sales at EquiLend, remarked on the importance of this strategic relationship, emphasizing that EFG Hermes is likely to become a more attractive counterparty for global trading due to the automation benefits gained through this collaboration. This move aligns with EquiLend's broader strategy to engage with prominent financial institutions across the GCC to promote efficient practices in securities finance, leveraging automation and global connectivity.

Overview of EquiLend's Capabilities

EquiLend operates as a global financial technology leader providing solutions that envelop trading, post-trade, data analytics, regulatory technology, and platform services specifically for the securities finance industry. With a well-established presence in North America, EMEA, and Asia-Pacific, EquiLend adheres to stringent regulatory standards across varying jurisdictions, underlining its commitment to innovation and excellence. The firm enjoys recognition for its contributions within the marketplace, including accolades like Global Data Provider of the Year and Regulatory Solution of the Year in the Securities Finance Times Industry Excellence Awards for the year 2025.

As EquiLend and EFG Hermes move forward together, this partnership not only signifies a pivotal growth stage for these institutions but also sets a transformative precedent for the securities finance landscape in Saudi Arabia.

For more information about EquiLend, visit EquiLend's Website.

For inquiries regarding EFG Hermes and its services, refer to the official communication channels provided by EFG Holding.