Breaking news: ADS Securities London CEO James Watson resigns as company makes consolidation effort to enhance growth
While the restructuring is expected to result in a limited number of job reductions in addition to James Watson’s resignation as CEO ADS Securities has confirmed that the consolidation will not affect the firm’s ability to service clients or expand its business. Mr Watson will remain a member of the firm’s board of directors
ADS Securities LLC today announced a series of changes aimed at accelerating growth and enhancing control and efficiency across the company. ADS Securities London Limited will be restructured, centralizing and automating support functions including operations, administration and IT at its corporate headquarters in Abu Dhabi, United Arab Emirates.
ADS Securities London will continue to serve as a regional base for our private and institutional clients in the UK and Europe, with support from the wider ADS Securities network in the Middle East and Asia.
Given this shift in corporate strategy, ADS Securities London Limited CEO James Watson has tendered his resignation, but will continue serving ADS Securities as a Member of the Board of Directors. Firm veteran and Deputy CEO Paul Webb, assumes the role of Acting CEO, effective immediately.
While the restructuring is expected to result in a limited number of job reductions, it will not affect the firm’s ability to service clients or expand its business. The changes are positive for clients and ADS Securities as it charts a course for continued growth, and will retain its focus on high revenue potential products and services that can be delivered by leaner, more efficient teams.
Marco Baggioli, Executive Managing Director- Global Head of Brokerage, ADS Securities, said: “The Board of Directors would like to acknowledge James Watson’s leadership and his many contributions to the growth and development of ADS Securities London Limited. His appointment to the Board means that ADS Securities London Limited will continue to benefit from his insight, experience and extensive global network. We also look forward to Paul Webb’s leadership and operational knowledge of the company to fill the gap left by James’ move as we focus on increasing sales, profit and shareholder value.”
“The fundamentals in place are solid, but we are charting a new course. In this evolving market it is imperative that we efficiently allocate resources and offer the products with the highest potential in the most productive markets. Our top priority remains keeping focussed on the needs of our clients– now and in the future. I look forward to working with our Board, talented management team and dedicated employees as we embark on this new path,” Mr. Baggioli continued.
James Watson commented: “When I joined ADS Securities London Limited two years ago, my goal was to deliver against an ambitious growth strategy to provide the highest quality products and services to clients across Europe. The company is exceptionally well positioned and I feel we have achieved significant milestones. ADS Securities London Limited has a very talented sales team that will be supported by dedicated, customer-focussed support teams in Abu Dhabi.”
“I remain passionate about this company, the products we offer and the business opportunity; I expect that the company will continue to be successful in the future. ” he added.
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