Philippe Ghanem CEO of ADSS Set To Resign from the Firm Shortly

Philippe GhanemAs per a recent report published in Reuters website, Abu Dhabi based brokerage and trading service provider ADSS will see its current CEO Philippe Ghanem resign from the firm shortly. While the report lacked the details on exact date and time frame of when he resigns from the firm, it had quoted Philippe’s comment stating, “I will be leaving the organization shortly to pursue new entrepreneurial business opportunities”. The news of Phillipe’s resignation seems to have been notified to Reuters via an official email from the firm which also mentioned that the role of CEO will be temporarily held by Mahmood Ebraheem Al Mahmood. 

Mahmood Ebraheem is ADSS group’s executive chairman and is expected to serve in the role of active CEO until a suitable replacement is found. There was no detail in the Reuters report as to what is Philippe Ghanem’s new entrepreneurial business opportunity/venture which he is expected to take on once he resigns from ADSS. It should be noted that Philippe Ghanem’s depature from the firm comes in just two months since Mathieu Ghanem resigned from the role of Global head of sales at ADSS. Mathew who had been a part of ADSS for nine years was replaced by Jason Hughes who was promoted to his current role when Mathew left the firm. Ghanem is an industry veteran with vast experience in the forex industry. 

Early in his career, he co-founded Squared Financial Services back in 2005 along with France based Financier Georges Cohen. The firm is based out of Dublin and is still active till date providing a range of financial services to its clients having started out with just forex brokerage services. Philippe joined ADSS back in 2011 as its Managing Director and also headed the firm’s London subsidiary for some time before rising to his current role as Chief Executive Officer. Recently, ADSS was in the news for alleged tie up in the ongoing scandal surrounding H2O asset management – a subsidiary of French Bank Natixis. There was also another report stating that a large holder has been trying to offload bonds tied to German entrepreneur Lars Windhorst which hinted at the involvement of ADSS.

Please feel free to let us know your thoughts in the comments below. 

Source :