ADSS Securities, which offers retail FX and CFDs brokerage services under the brand ADSS, promoted Hasan Hamd as the Director of Institutional Sales. He is based in Abu Dhabi.
"I'm happy to share that I've been promoted to Director – Institutional Sales at ADSS!" Hamd wrote in a Linkedin post.
Hamd has been working at ADSS for more than eight years. He joined the Abu Dhabi offices of the broker in November 2014 as the Vice President of the Institutional Desk for eFX Liquidity Coverage. Later, he assumed the role of Senior Vice President of Institutional eFX and CFD's Sales.
He entered the financial services industry in 2007, joining one company as a Senior Dealer, according to his Linkedin profile. After that, he moved to Premium Capital Group as the Head of the Trading Desk and then joined the Dubai offices of the UK subsidiary of Alpari as the Institutional Department Manager.
The promotion came when ADSS was strengthening its leadership team with new hires. Most recently, it hired Mark Hudson as the Group's Chief Human Resource Officer following the appointment of Tareq Haddad as a Compliance Director and Sophia Salim as the Chief Product and Innovation Officer.
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Excellent Growth
ADSS is a prominent name in the retail trading space in the Middle East and North Africa (MENA) markets. The broker operates with a license obtained from the Securities and Commodities Authority of the United Arab Emirates in the MENA region and has an additional Financial Conduct Authority license for UK operations.
On top of that, the UK arm of ADSS is growing at an exponential pace. It brought in more than £4.5 million in annual revenue in fiscal 2021, which is about 50 percent higher than the previous year. However, the revenue of the UK entity dropped 34 percent year-over-year when income from transfer pricing activities was excluded. The entity closed the year with a net profit of £376,583, which increased by more than 90 percent year-over-year.
