Abu Dhabi-based ADS Securities is seeking to expand its business into investment banking and asset management following its acquisition of London’s Pioneer Trader, said the company’s vice chairman and executive MD Philippe Ghanem.
The acquisition will allow ADS, which was established with capital of US$400m, to develop from a brokerage into a full-service financial firm.
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Additionally, Pioneer Trader Limited, the Financial Conduct Authority (FCA) registered forex trading company, has been renamed as ADS Securities London Limited following its acquisition.
ADS Securities new London office will expand its regulated presence in the UK.
The new London office will be headed by James Watson, former head of foreign exchange for Europe and the Middle East at Thomson Reuters, who will serve as new managing director for ADS London.
In his new role, Watson will lead and expand the team of 20 people as it introduces new technology and increases the range of products available to clients. He will also be responsible for will be responsible for developing market share and position.
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By GlobalDataADS Securities London will provide a range of trading services for the UK and the wider European market.
Headquartered in Abu Dhabi, ADS Securities already has a regional office, regulated by the SFC in Hong Kong and a support office in Singapore with combined staff of 180.
