ADS, a $400 million trading firm based in Abu Dhabi, is in early stages of setting up a wealth management business next year, targeting high net and ultra high net worth clients located in the Gulf region.
A spokesman for the company remained tight lipped in regards to specific details, but said the division should be announced early next year.
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ADS, privately owned by investors in the United Arab Emirates, have taken this initiative to expand their profile. In addition to this, they want to penetrate the UK market with a trading branch in London, having applied for a license from the FCA.
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