Hormoz Faryar Returns to ADSS as Head of Institutional Sales

Hormoz A Faryar, a respected veteran within the foreign exchange industry, has returned to ADSS, taking on the role of Head of Institutional Sales, Finance Magnates has learned.

In particular, Faryar’s LinkedIn shows that he has joined ADSS this month and that he is based in Abu Dhabi in the United Arab Emirates. As Finance Magnates reported last week, Faryar left Equiti Group, where he was the Global Head of Institutional Sales.

At the time of our report last week, it was not clear where he was heading to next, although we theorised he would remain within the industry. Faryar, who has created a reputation as a leading figure within the FX space, joined Equiti in March 2017 as the Global Head of Institutional Sales and was based in Dubai.

Career history of Hormoz Faryar

He joined the company from ADSS, where he was Director, Head of Institutional Sales for the Middle East and Africa, his LinkedIn profile shows. At Equiti, Faryar reported to Iskandar Najjar, the CEO of the Group. The new position sees Faryar return to ADSS.

As Finance Magnates reported, at the same time that Faryar decided to leave Equiti, the rival to ADSS revealed that it was planning on expanding its institutional Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term desk in London to support its global growth.

Prior to working with ADSS, where he spent nearly six years, Faryar was employed at Credit Suisse AES (Advanced Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term Services). Whilst here, he worked in FX sales for two years and was also a Vice President.

According to his LinkedIn, Faryar started off his career at State Street in 2000, where his tenure lasted for more than nine years. Specifically, he was employed in the company’s Global Markets division. Here he worked across FX Connect, Currenex and the firm’s eExchange.