ADS Securities Establishes Asset Management Subsidiary with Abu Dhabi License

ADS Investment Solutions Limited has been granted a financial services permit to operate in Abu Dhabi's top free trade zone.

ADS Securities has established a new subsidiary in the free trade zone of Abu Dhabi. The company registered ADS Investment Solutions Limited at the beginning of December 2017. The company was granted a Financial Services Permission (FSP) by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) at the end of last year.

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Under its regulatory permit, the new subsidiary of ADS Securities can manage assets, arrange custody, arrange investment deals, and credit and manage collective investment funds. The unit is a natural progression for the brokerage as investors are looking to diversify their exposure to cash.

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Commenting on the move of the company, the Chairman of ADS Securities, Mahmood Ebraheem Al Mahmood, said: “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.”

“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,” Philippe Ghanem, CEO and Vice Chairman of ADS Securities, added.

ADS Investment Solutions is headed by Senior Executive Officer Ryan Lemand. He said that the company is holding discussions around a number of high profile projects: “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 of the firm.

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