ADS Securities Hires Former Saxo Bank Regional Head in China
The Abu-Dhabi based brokerage on-boarded Francis Lee, an experienced foreign exchange markets professional to head its business in Hong Kong
One of the heavyweight foreign exchange and CFD trading leaders in the Middle East, ADS Securities has hired a very experienced industry veteran to head its office in Hong Kong. The company on-boarded Francis Lee and appointed him as Managing Director of ADS Securities Hong Kong.
The company has started its push into the region in December 2013 when it hired former GFT executive Desmond Yeo.
The new Managing Director of the Hong Kong office of the Middle Eastern brokerage comes with an extensive background in foreign exchange. Before joining the ranks of ADS Securities, Mr Lee held the Managing Director position at FXCM APAC.
According to his LinkedIn profile, he started working at FXCM is a dealer and climbed his way up the ranks of the brokerage to lead a team of 120 people after building the company’s office in Hong Kong from the ground up. After incurring massive losses in the beginning of this year after the Swiss National Bank induced FX volatility, FXCM was forced to sell its Hong Kong unit to Japanese Rakuten Securities.
Before becoming the Managing Director of ADS Securities Hong Kong, Mr Lee held another high-profile position in the industry. He served as Regional Head of the business of Saxo Bank. Mr Lee shares publicly on his profile on LinkedIn that he helped build up the operations of the Danish brokerage in Hong Kong, Shanghai and Beijing.
He parted with Saxo Bank in August last year and shares on his professional social network profile that lead to the Danish powerhouse having close to €300 million assets under management (AUM).
MR Lee will be reporting directly to the CEO of ADS Securities Philippe Ghanem.