ADSS Bolsters Asia Management Team, Appoints Jacob Wissum as its CCO

ADS Securities Hong Kong Limited (ADSS Asia) announced today that it has added a new member to its management team with the appointment of Jacob Wissum as its Chief Administrative and Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Officer.

Wissum joins the firm with more than a decades worth of experience in the financial services industry. In his new role, he will report directly to Francis Lee, the Chief Executive Officer of ADSS Asia. He will be based in ADSS's Hong Kong office.

During his career, he has acted as legal counsel for a number of large European banks, such as Danske Bank. His longest tenure with such a company was between December 2010 until January 2017, when Wissum worked at Saxo Bank. Initially, he started off as a legal counsel, before going on to be the Asia Pacific (APAC) Head of Legal and Compliance for the brokerage in Singapore.

Most Recently, Wissum worked at Bovill, a provider of specialist financial regulatory services. He first joined the company as a consultant in January 2017 from Saxo Bank. He then went on to become the head of their Hong Kong office.

Jacob Wissum to Ensure Operations at ADSS are up to Scratch

Commenting on the appointment, Lee said: “Jacob will provide the senior leadership and management experience to our back office and Compliance functions making sure that ADSS Asia has the proper operational controls, administrative and reporting procedures, people and systems in place. "

“He will be responsible for overseeing the day-to-day operations in Asia to ensure that our financial services activities are aligned with our legal and regulatory Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term. He will also enable the team to deliver the strategic objectives of the company amidst an evolving and challenging external environment.”

Wissum holds a Master of Science in Business Administration and Commercial Laws, which he attained from Aarhus University in Denmark. He also has a Bachelor of Science in Business Administration and Commercial Laws from Copenhagen Business School.