One of the heavyweight FX and CFD brokers in the Middle East, ADS Securities, has hired Adam Clayton, a Goldman Sachs managing director, to take the role of its head of investment banking in Abu Dhabi, according to a corporate statement.
The company on-boarded Adam from Goldman Sachs International where he served as MD and Co-Head of Securities Sales for the MENA region. Mr. Clayton has worked in Dubai since 2007 when he was appointed to help the bank build its Middle East team and relocate senior staff from London.
Based in Abu Dhabi, Adam Clayton will serve as Managing Director and Head of Investment Banking (IB). He will report to ADS Securities Vice Chairman and CEO, Philippe Ghanem.
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Abu Dhabi-headquartered ADS Securities LLC is authorised by the Central Bank of the UAE. It works in partnership with ADS London, which is regulated by the FCA in the UK, and both are wholly owned subsidiaries of ADS Holding LLC.
Middle East financial services giant
The founding of ADS Securities was part of a major effort to move Abu Dhabi towards becoming a trading hub, rather than just a source of investments. The company provide a range of online trading services, with a focus on FX, CFDs and precious metals. Abu Dhabi based ADS Holding is owned by a group of private investors, primarily high-net-worth individuals and the private offices of wealthy families from the capital.
Speaking about his new role, Adam Clayton said: “ADS Securities is the company to watch in the region. I am delighted to be joining as the firm continues to expand its investment banking offering to clients. ADS is known for the opportunities it can access and for the quality of its team. Today’s global markets are challenging and complex: opportunities exist but accessing and executing them is not easy. It is time to bridge that gap and deliver to regional and international clients the deals that make sense for them.”
ADS Securities CEO Philippe Ghanem commented: “This is an important appointment. The demand for our IB services is growing all the time. Institutional clients are aware of the quality of deals we can access and want to work with a highly capitalised partner. They have been asking for us to increase our commitment in this area and the board believes that now is the right time to expand our offer. Adam is a highly respected and experienced executive who will be an important addition to the management team.”