Industry veteran Marco Baggioli has been elevated to Chief Operating Officer of ADS Securities, the company shared in a statement. The move comes a little over two years after he was appointed COO of the Abu-Dhabi headquartered brokerage’s London unit, ADS London.
Baggioli is currently the firm’s Executive Managing Director and Global Head of Brokerage. In his new role he will be taking on additional responsibilities related to the company’s Operations, Legal & Compliance, Product and Change, IT, Marketing and HR divisions.
The industry veteran will be based in the head office of ADS Securities in Abu Dhabi and will be reporting directly to the company’s CEO Philippe Ghanem. Baggioli will retain some management responsibilities globally, both in London and Hong Kong.
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Commenting on the appointment, the CEO and Vice-Chairman of ADS Securities, Philippe Ghanem, said: “As ADS Securities continues to expand and develop, Marco has become a highly valued member of the executive management team. His experience and knowledge of regulatory issues, market dynamics and prime brokerages brings essential skills to the company and in his new role he will be able to provide direct input and guidance as we take the business forward.”
Baggioli landed at ADS London in 2015 after almost three decades of investment banking experience. Since 2001 he held various management roles in FX prime brokerage units at BNP Paribas, Deutsche Bank, Merrill Lynch and JP Morgan.
“I wish to thank Philippe for his continued support and the new, and challenging opportunity, he has offered to me. We share a vision for an industry leading ADS Securities not only in terms of market share but and most importantly in terms of technology, innovation and profitability. In my expanded role, I will be focusing on delivering a highly automated, cost effective and technologically advanced infrastructure for ADS Securities business lines to thrive upon,” said Mr Baggioli on his appointment.