EquiLend Secures First Saudi Trading Client with EFG Hermes Partnership
EquiLend has onboarded EFG Hermes as the first Saudi-based client for its Next Generation Trading platform, marking a regional milestone in securities finance automation. The Cairo-based investment bank will leverage EquiLend's post-trade and execution services to access global liquidity pools and streamline operations across MENA markets.
The collaboration signals growing institutional adoption of automated trading infrastructure in emerging financial hubs. "This partnership reflects our commitment to delivering market-leading technology across the GCC region," said EquiLend CEO Rich Grossi, highlighting Saudi Arabia's accelerating integration with global capital markets.