Abu Dhabi
07 February 2018
Reporter: Jenna Lomax

ADS granted financial services permission by ADGM


ADS Securities has incorporated a new subsidiary, ADS Investment Solutions Limited (ADSI), after being granted permission by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) in December last year.

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.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
OFI AM and SETL become shareholders of IZNES
23 February 2018 | Paris | Reporter: Jenna Lomax
OFI AM and SETL have been joined as shareholders of IZNES by five asset management companies
Klesia Finances goes live with NeoXam’s Density solution
23 February 2018 | Paris | Reporter: Jenna Lomax
According to Klesia, Density will assist it in facing the current French and European regulatory landscape
EBA Clearing’s RT1 hits 500,000-transaction-mark
23 February 2018 | London | Reporter: Jenna Lomax
The RT1 system passed the transaction milestone on 19 February
Liz Daniels joins FCA
23 February 2018 | London | Reporter: Becky Butcher
The Financial Conduct Authority has appointed Liz Daniels as policy advisor
Gen II exceeds $175 billion in assets under administration
23 February 2018 | New York | Reporter: Becky Butcher
Gen II Fund Services has revealed that its assets under administration have exceeded $175 billion
SANNE hires Hannah Correll Jaeger
22 February 2018 | New York | Reporter: Becky Butcher
SANNE has appointed Hannah Correll Jaeger as head of client relationship management for the Americas to support the company’s growth
Benelux trio set to strengthen collaboration on blockchain
22 February 2018 | Brussels | Reporter: Becky Butcher
B-Hive, the Luxembourg House of Financial Technology and the Dutch Blockchain Coalition have signed a memorandum of understanding to strengthen further collaboration in blockchain within the Benelux region
More news