ADS Investment Solutions (ADSI), a unit of ADS Securities, has secured financial services permission from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM).
The licence will enable ADSI to manage assets and collective investment funds, as well as arrange custody, investment deals, and credit.
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By GlobalDataADSI was registered in December 2017 and applied for the licence in the same month.
ADS Securities CEO and vice chairman Philippe Ghanem said: “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.”
ADSI is led by Ryan Lemand as senior executive officer, who revealed that that company is already in negotiations with various high profile projects.
“ADSI is the logical extension of the work we already undertake. It will be responsible for our asset management business which is growing alongside our highly regarded ADSS’ Wealth Management offering,” he said.