ADS Securities has announced three executive appointments at its headquarters and London offices.
Marco Baggioli has been nominated executive managing director, global head of brokerage, based in Abu Dhabi. He will report into ADS CEO and vice chairman, Philippe Ghanem. ...
Nour Eldeen Al-Hammoury, senior vice president and chief
market strategist at ADS Securities, is leaving the company, a spokesperson confirms.
The spokesperson says, however, that a leaving date has not
yet been finalised.
Profit & Loss understands that Al-Hammoury, who has ...
ADS Securities has
appointed Louisa Kwok as its head of prime of prime sales.
Kwok, who officially started in her new position on August 8, is based in London and will report into
ADS’s CEO, James Watson.
The move comes ...
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.
ADS Securities, Citadel...
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.
Multi-asset prime brokerage firm Davisa Capital has hired Hormoz Faryar as head of global institutional sales.
ADS Securities has announced the appointment of Fabian Chui as head of brokerage risk.
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.
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.
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.
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.