EquiLend has expanded its partnership with investment bank, EFG Hermes, to now also cover trading through the use of its Next Generation Trading (NGT) platform, marking the firm’s first trading client based in the Kingdom of Saudi Arabia.
Dimitri Arlando
The new offering is set to support EFG Hermes as global demand for Saudi equities increases, as well as supporting the expansion of the local Saudi Arabian market and securities finance industry.
The two firms’ previous collaboration saw EFG Hermes going live with EquiLend’s post-trade services and the move also makes the investment bank, which operates in the Middle East and North Africa (MENA), the first client in Saudia Arabia to fully adopt EquiLend’s full suite of post-trade and trading automation.
Dimitri Arlando, head of EMEA sales at EquiLend, said: “EFG Hermes will not only benefit from automation, which will highlight them as an attractive counterparty to trade with, but connecting to the EquiLend ecosystem will also help EFG Hermes access more demand for Saudi equities from market participants across the globe.”
Specifically, the combined offering is expected to support EFG Hermes in accessing greater global liquidity, enhanced activity visibility and enhance operations through EquiLend’s suite which provides of automated execution and lifecycle management.
“Our partnership with EFG Hermes reflects EquiLend’s commitment to delivering market-leading technology that meets the needs of firms across the Kingdom, the United Arabic Emirates, the GCC region, and around the world,” said Rich Grossi, chief executive of EquiLend.
The partnership follows EquiLend’s recent acquisition of front-office technology provider, Trading Apps, in July 2025, which brings a suite of tools aimed at automating front-office workflows into EquiLend’s portfolio, including the Lender and Borrower Apps.