LeapRate has learned that experienced Forex industry executive Nidal Abdelhadi has joined Abu Dhabi based FX brokerage house ADS Securities as its new Head of Global Institutional Sales.
A native of Jordan, Mr. Abdelhadi began his FX career with Jordanian-owned but Swiss-based MIG Bank, spending 10 years at MIG moving up the ranks from regional director to be Head of Institutional Sales, and one of the closest confidantes of founders Hisham and Wissam Mansour. After MIG Bank was acquired by Swissquote Group Holding SA (SWX:SQN) for $70 million in 2013 he remained for two more years with Swissquote, one of the few senior MIG Bank executives to remain after the acquisition.
After a move to the UAE and a brief stint at now-defunct Fortress Prime, Mr. Abdelhadi joined FX liquidity and platform provider Advanced Markets / Fortex last year as the companies’ Managing Director for the MENA region.
Mr. Abdelhadi will be based in Abu Dhabi working with the institutional teams back in the UAE, Hong Kong and London.
He will report into Mathieu Ghanem, ADS Securities Managing Director and Global Head of Sales, who commented:
ADS Securities was originally set-up to provide Institutional FX trading and this is still part of our core DNA, so we always make sure that we have the best people to deliver our products and services. Nidal’s reputation proceeds him and he is the right person to take this important part of our business to the next level.
Nidal Abdelhadi had the following to say about his new role:
ADS Securities has worked hard to become one of the largest and most important FX brokerages in the Middle East and globally. I am very pleased to have been offered the chance to work with the management team to further grow international sales, and continue to build the company’s brand and reputation.
We understand that Advanced Markets / Fortex have no immediate plans to locally replace Mr. Abdelhadi, and will now be covering the MENA region out of the company’s US headquarters in Boston.