Under the new license, ADSI can manage assets, arrange custody, advise on investments or credit, arrange deals in investment and manage collective investment funds.
All investment activities are outlined in ADGM’s Financial Services and Markets Regulations (2015).
Established in 2011, ADS provides investment management activities and investment product creation, and is headquartered in Abu Dhabi with offices in London, Singapore and Hong Kong.
Philippe Ghanem, CEO and vice chairman of ADS Securities, said: “As a firm we are on a journey, a mission, to provide more investors with access to our services so it is essential we are regulated and licensed in the important markets.”
He added: “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.”
Ryan Lemand, senior executive officer of ADS Investment Solutions, commented: “We are already in discussions around a number of high profile projects which we will now be able to take forward and implement through the new entity. ADSI is the logical extension of the work we already undertake.”