ADS Securities Hires Marco Baggioli from BNP Paribas for COO Role

Marco Baggioli, the current Global Head of FX Prime Brokerage at BNP Paribas, has been tapped by ADS Securities London, the UK branch of Abu Dhabi-based global FX brokerage firm.

Baggioli is to take up the role of Chief Operating Officer. He will start work after the 1st July 2015 reporting into ADS London’s Managing Director, James Watson.

Commenting on the move, Mr Watson said: “Marco is known throughout the industry and we are extremely pleased that he has chosen to join us. This will be a new challenge for him, but he knows the company very well and understands the drive, investment and the ambition we have. The team and I look forward to working with him and taking this business to the next level.”

ADS Securities London Limited was launched in October 2014 and has the same parent company as Abu Dhabi based ADS Securities LLC. It is authorised and regulated by the Financial Conduct Authority, and provides a full range of institutional and private client trading. The main markets are the UK, mainland Europe and North America.

ADS Securities has its sights set on an ambitious global growth target, and its pockets are deep enough to keep the gameplan on track. Hiring Marco Baggioli can be seen as a step to establish its Prime of Prime business, a high level cornerstone of the institutional FX industry.

“We are in a very dynamic and challenging market and when this role became available I realised that it offered the potential and opportunity I am looking for”, said Mr Baggioli. “ADS Securities’ commitment to investment in the industry and their clients makes them almost unique in the FX world. The company has a long-term vision and I know that I can add, and give direction, to this. Working at BNP Paribas has been a fantastic experience, but the time was right to move on and be part of building ADS Securities London’s future.”

Baggioli has been involved in the PB business since 2007 when he was appointed Managing Director, Prime Brokerage Sales Europe at Deutsche Bank. He has been with BNP Paribas since 2010 as Head of FX Prime Brokerage Europe. In 2013 Baggioli was appointed Head of OTC Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term & FXPB Sales EMEA & Asia at BNP Paribas and finally Global Head of FX Prime Brokerage in 2014.

In total Baggioli has over 23 years’ experience in the business sector. He held a number of senior institutional sales roles at Merrill Lynch and JP Morgan, where he acted as Head of Fixed Income Prime Brokerage EMEA. He also acted as COO of Monte Titoli SpA, the Italian Central Securities Depositary, which he lead through its privatisation from The Bank of Italy in 2000.