February 5 2018

ADS Investment Solutions Limited Incorporated and Granted Financial Services Permission by ADGM

Category: Group News

Abu Dhabi, UAE, 5th of February 2018 – On the 7th December 2017, ADS Securities incorporated a new subsidiary, ADS Investment Solutions Limited (ADSI), in the Abu Dhabi Global Market (ADGM).  ADSI then applied for and was granted a Financial Services Permission (FSP) by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) on the 28th December 2017.  This authorises ADSI to pursue a range of investment activities outlined in section 35 of the ADGM’s Financial Services and Markets Regulations (2015).

ADSI is a subsidiary of ADS Securities LLC, the global investment firm based in Abu Dhabi with offices in London, Singapore and Hong Kong, which has been established to provide investment management activities and investment product creation.

ADS Securities was established in 2011 and has grown from a specialist currency and commodities brokerage into an international finance house with global reach.

ADS Securities Chairman, Mahmood Ebraheem Al Mahmood, was pleased that the new ADS Securities entity is now operating out of the ADGM, saying: “The global market in Abu Dhabi is opening up new opportunities for the Emirate’s financial services sector.  We are seeing strong demand across all investment areas off the back of robust global growth, and by moving into the ADGM we can provide investors with the same high quality services we deliver to our clients in other jurisdictions.”

Under the new license ADSI can:

  • Manage Assets,
  • Arrange Custody,
  • Advise on Investments or Credit,
  • Arrange Deals in Investment,
  • Arrange Credit, and
  • Manage Collective Investment Funds.

Philippe Ghanem, CEO and Vice Chairman of ADS Securities, commented: “As a firm we are on a journey, a mission, to provide more investors with access to our services so it is essential we are regulated and licensed in the important markets.  The setting up of ADSI will be of benefit to a range of institutional investors and family offices as it dramatically increases our ability to manufacture and offer the products they are looking for.”

Dr Ryan Lemand, appointed as the Senior Executive Officer in charge of ADS Investment Solutions, is excited by the opportunities which ADSI presents: “We are already in discussions around a number of high profile projects which we will now be able to take forward and implement through the new entity.  ADSI is the logical extension of the work we already undertake.  It will be responsible for our asset management business which is growing alongside our highly regarded ADSS’ Wealth Management offering.”  Dr Lemand will continue to look after the Wealth Management business for ADS Securities.

The FSP was signed-off on 28th December 2017, and ADSI is located at Suite 2841, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, and the FSP number is 170025.