ADS Securities, a comprehensive provider of foreign exchange (FX) and contracts-for-difference (CFDs), underwent a multitude of changes to its structure, part of a bid to help kindle growth at the brokerage whilst streamlining the operational efficiency of its overall company framework, according to an ADS statement.
First, ADS Securities London Limited announced a series of plans to restructure several aspects of its operations, including the centralization and automation of key support such as administration and IT at its corporate headquarters in Abu Dhabi. Despite the changes, ADS Securities London will remain as the company’s regional hub for both private and institutional clients throughout the UK and Europe, while also offering support across the full spectrum of ADS Securities’ network in the Middle East and Asia.
The advent of this corporate strategy has also resulted in a key move at the group, with ADS Securities London Limited’ Chief Executive Officer (CEO) James Watson having tendered his resignation – despite the move, he will remain on the group’s board of directors as a member.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
Consequently, ADS’ Deputy CEO, Paul Webb will step into the role vacated by Watson with immediate effect, who is now thrust into a central role with the company. Such efforts to restructure as well as shift leadership are also not expected to result in overwhelming job turnover.
Rather, ADS’s operational capacity to conduct business in each of its active locales remains unchanged, and is aimed at stimulating ongoing growth for the company. This includes consideration for high revenue products and services via the deployment of leaner teams.
According to Marco Baggioli, Executive Managing Director and Global Head of Brokerage, ADS Securities, in a recent statement on the changes, “The Board of Directors would like to acknowledge James Watson’s leadership and his many contributions to the growth and development of ADS Securities London Limited. His appointment to the Board means that ADS Securities London Limited will continue to benefit from his insight, experience and extensive global network.”
“We also look forward to Paul Webb’s leadership and operational knowledge of the company to fill the gap left by James’ move as we focus on increasing sales, profit and shareholder value,” he added.
“The fundamentals in place are solid, but we are charting a new course. In this evolving market it is imperative that we efficiently allocate resources and offer the products with the highest potential in the most productive markets. Our top priority remains keeping focused on the needs of our clients– now and in the future. I look forward to working with our Board, talented management team and dedicated employees as we embark on this new path,” Mr. Baggioli reiterated.