Tag: ADS Securities

ADS Securities

ADS Securities Hires Head of MENA Retail FX Sales

ADS Securities has appointed Nael Saleh as head of retail sales in the Middle East and North Africa region, for its FX and CFD brokerage business.
He will report to ADS Securities’ global head of retail sales, Jason Hughes and joins from GKFX MENA, where he was director of operations, heading teams responsible for customer services and sales across a wide range of products on FX, CFD’s and commodities brokerage platforms. Previously, he was head of global sales at IronFX.

Prime-of-Prime: A Risky Business?

Galen Stops takes a look at some of the potential risk concerns associated with the prime-of-prime model in FX.

I n a recent survey conducted by Profit & Loss 57.25% of respondents said that they think the trend towards more firms using prime-of-primes (PoPs) rather than traditional FX prime brokers (FXPBs) could increase the impact of a shock event.

This is in contrast to 27.48% who said that it won’t and 15.27% who think the impact of a shock event would be unaffected by this change. The logic underpinning this concern is based on the fact that risk is increasingly being pushed towards less well-capitalised institutions.

Baggioli Leaves ADS

Marco Baggioli has resigned from his position as COO at ADS Securities, according to market sources.

Baggioli had been with ADS since July 2015, initially joining as executive managing director, global head of brokerage, before being handed the COO role in July 2017.

In his latest role, he was based in the Abu Dhabi head office and was responsible for operations, legal and compliance, product and change, IT, marketing and HR across the firm’s business lines. Prior to joining, Baggioli was global head of FX prime brokerage at BNP Paribas in London.

Baggioli Handed COO Role at ADS Securities

Marco Baggioli has been appointed as COO at ADS Securities.

He is currently the firm’s executive managing director – global head of brokerage, and in his new role will take on additional direct line responsibility for operations, legal and compliance, product and change, IT, marketing and HR across the firm’s business lines.

Baggioli will continue to be based in ADS Securities’ Abu Dhabi head office reporting into CEO, Philippe Ghanem, and will also have dotted-line management responsibility for ADS Securities’ London and Hong Kong subsidiaries as a board director.

Chui to Head Brokerage Risk at ADS

ADS Securities has appointed Fabian Chui as head of brokerage risk.

Chui joins ADS from IG Group, where he was head of market risk, responsible for “implementing and guiding” the market risk appetite of IG Group, as well as risk policies and procedures at the firm.

Prior to that, he was a senior quant analyst, developing, evaluating and deploying revenue optimising strategies for IG.

Chui will report into Philippe Ghanem, chief executive, who comments: “ADS Securities is delighted to welcome Fabian to the firm. Fabian has the depth of experience in risk management, which will make him an essential member of the executive team as we enter another phase of strategic growth.”

Seegers to leave ADS Securities

Bryan Seegers, director and co-head of global e-FX coverage at ADS Securities will be leaving the firm on April 6, 2017, and returning to the US with his family.

In a statement issued today, ADS Securities says that Seegers “has made a substantial contribution to the company” during his time at the firm, which has been just under five years in total.

Seegers was initially responsible for driving the firm’s global electronic FX offering before assuming his current responsibilities of leading relationship management, client services, sales trading and liquidity management globally.

Cuts at ADS Securities as Firm Refocuses on Abu Dhabi

Market sources tell Profit & Loss that up to 13 people are being released from ADS Securities in London as part of a plan to downgrade the office’s status and refocus the business back in its Abu Dhabi headquarters.
The changes come just over two months after ADS announced a series of management changes, one of which saw Marco Baggioli promoted to global head of brokerage and relocate from London to Abu Dhabi. This month also marks two years since ADS established a London office following the re-branding of its retail business Pioneer Trading.