FNG Exclusive… FNG has learned that UAE based Retail FX and CFDs broker ADSS (formerly known as ADS Securities) has lost two of its most senior executives.
Paul Webb (pictured above), CEO of the company’s London based, FCA regulated operation ADSS UK (or more formally ADS Securities London Limited) since 2016 has departed his role at the company, and stepped down as a director. Mr. Webb had actually been with ADSS since 2012, joining as Chief Dealer in Abu Dhabi before being charged with running the group’s institutional-focused London operation.
Before joining ADSS Paul Webb worked at now-defunct Worldspreads from 2011-2012, after spending nine years at CMC Markets, ending his time there as Group Head of Trading.
Also leaving ADSS is Trevor Beagrie, who spent the past year and a half in Abu Dhabi as Group Chief Financial Officer. Mr. Beagrie joined ADSS in early 2020 from HSBC in London, where he had spent the previous 12 years in various senior finance and operations roles.
The departures of Mr. Webb and Mr. Beagrie come after other high-level executive moves at ADSS including Jason Hughes, former Global Head of Sales at ADSS, who is now with Exinity, and Michael Idzkowski who joined DMALINK after acting as Head Of Relationship Management in London at ADSS.
ADSS, via its parent company ADS Holding LLC, is controlled by UAE businessman Mahmood Ebraheem Al Mahmood. The company has yet to report its 2020 results; in 2019 ADSS UK saw a steep 44% drop in revenue.