The new company's parent has offices in London, Singapore and Hong Kong.

A new investment manager is looking to better serve family offices in the United Arab Emirates. 

Abu Dhabi Global Market (ADGM), the international financial centre in the UAE capital, has permissioned a new investment firm to set up shop. 

ADS Securities, a private financial services firm based in Abu Dhabi, incorporated a new subsidiary – ADS Investment Solutions – in ADGM, which granted it a licence allowing it to provide a range of investment activities including asset management, custody services, credit arrangement and fund management. 

“The setting up of ADSI will be of benefit to a range of institutional investors and family offices as it dramatically increases our ability to manufacture and offer the products they are looking for,” Philippe Ghanem, chief executive and vice chairman of ADS Securities, said.

ADS Securities, established in 2011, has offices in London, Singapore and Hong Kong and is licensed to offer investment management services and investment product creation, it said.