ADS Securities London saw the departure of Louisa Kwok, one of its more recent hires and Head of its Prime-of-Prime (PoP) Sales. Ms. Kwok had joined the group less than a year ago in August 2016, with her decision to leave prompting a redistribution of her responsibilities across ADS’ PoP team.
For ADS’ part, the departure of Ms. Kwok has caused the group to rethink its operations, as a portion of her responsibilities will be absorbed by Harry Campbell-Lamberton, the group’s acting Institutional Sales Manager of ADS Securities London. Despite this shakeup, ADS Securities’ institutional sales team will still continue to be headed by veteran Nidal Abdelhadi.
London continues to be the financial hub that’s seeing the most employee turnover and movement over the past couple years. The city has been leeching an outflow of talent across the banking and the financial services sector, propagated by Brexit uncertainty and an industry consolidation.
Ms. Kwok had been installed as ADS’ Head of PoP Sales for nearly eleven months, having joined the company from BNP Paribas. The hire represented ADS’ bid to help address an industry credit void being left by prime brokers – over the past few years, the industry has contracted, suffering from a decline in the number of banks offering FX-specific prime brokerage services.
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Prior to joining ADS Securities back in August 2016, Ms. Kwok worked at BNP Paribas as its European Head of Client Solutions and Fixed Income Client Clearing. Additionally she held a role as its Head of Relationship Management – Europe, Middle East, and Africa (EMEA), Prime Solutions & Financing, part of four-year tenure with the lender.
Additional stops have also included Morgan Stanley and JPMorgan, working exclusively in the prime brokerage space, according to information made public on her Linkedin profile.
“Louisa has been involved with developing ADS Securities highly regarded Prime-of-Prime product, which continues to be the standout institutional product available in this sector,” according to a recent company statement to Finance Magnates.
“The ADS Securities London Ltd institutional team is led by Nidal Abdelhadi based in Abu Dhabi, and in the short-term the Prime-of-Prime team will be managed the London office CEO, Paul Webb, with Harry Campbell-Lamerton providing technical support. ADS Securities is already looking at the next development stages for PoP and the people needed to deliver this.”
The latest move also follows after a string of other moves from ADS Securities. Finance Magnates reported that Remo Fritschi had left ADS Securities’ London unit last month, opting to join the investment bank of Intesa Sanpaolo, Banca IMI earlier today. In addition, former ADS mainstay Bryan Seegers, its former co-Head of Global eFX Coverage, left the company to join Jefferies earlier this month. In terms of incoming appointments, Fabian Chui joined ADS earlier this month as its Head of Brokerage Risk.