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Screenshot of a breaking news alert e-mail from Q2 2017
Abu Dhabi based international financial services firm ADS Securities has announced that Marco Baggioli has been appointed Chief Operating Officer (COO) for ADS Securities LLC. He is currently the firm’s Executive Managing Director – Global Head of Brokerage, and in his new role will take on additional direct line responsibility for Operations, Legal & Compliance, Product and Change, IT, Marketing and HR across the firm’s business lines.
Mr Baggioli will continue to be based in ADS Securities’ Abu Dhabi head office reporting into CEO Philippe Ghanem, and will also have dotted-line management responsibility for ADS Securities’ London and Hong Kong subsidiaries as a Board Director.
Mr. Baggioli’s promotion follows a number of recent executive changes at ADS, much of which we understand was orchestrated by Mr. Baggioli. The company recently transferred responsibility for its London based FX Prime Brokerage and Prime of Prime business to Paul Webb, with former division head Louisa Kwok leaving the company. ADS recently hired former Advanced Markets and Swissquote executive Nidal Abdelhadi to head the company’s institutional business. And the company also recently added IG Group executive Fabian Chui as Head of Brokerage Risk.
Commenting on the appointment ADS Securities CEO and Vice-Chairman, Philippe Ghanem said:
As ADS Securities continues to expand and develop Marco has become a highly valued member of the executive management team. His experience and knowledge of regulatory issues, market dynamics and prime brokerages brings essential skills to the company and in his new role he will be able to provide direct input and guidance as we take the business forward.
Mr Baggioli has over 25 years of international financial services experience working for tier one investment banks. He joined ADS Securities London Limited in July 2015 as the London office COO, before moving to Abu Dhabi one year later. Previously, he was Global Head of FX Prime Brokerage at BNP Paribas and has held senior management positions at Deutsche Bank, Merrill Lynch and JP Morgan, as well MonteTitoli SpA, the Italian Central Securities Depository, which he led through its privatization from the Bank of Italy in 2000.
Commenting on his new appointment, Mr Baggioli said:
I wish to thank Philippe for his continued support and the new, and challenging opportunity, he has offered to me. We share a vision for an industry leading ADS Securities not only in terms of market share but and most importantly in terms of technology, innovation and profitability. In my expanded role, I will be focusing on delivering a highly automated, cost effective and technologically advanced infrastructure for ADS Securities business lines to thrive upon.