FNG Exclusive… The defections at UAE retail FX broker ADSS continue.

FNG has learned that longtime Abu Dhabi based ADSS executive Tarek Nabil has left the company, and joined Capex.com as COO of its UAE operation, Key Way Markets Ltd.

Tarek Nabil had been with ADSS for 11 years, in a variety of senior sales roles. He had also worked at Amana Capital after beginning his FX career at Saxo Bank, working for the Danish broker in both Copenhagen and Dubai.

We had reported exclusively last week that ADSS lost its UK CEO Paul Webb, who moved to rival Equiti Capital. Other recent departures from ADSS include CFO Trevor Beagrie, former Global Head of Sales Jason Hughes (now with Exinity), and Michael Idzkowski who joined DMALINK after acting as Head Of Relationship Management in London at ADSS.

Capex.com is owned by Key Way Group Ltd, a Romania based, Gibraltar domiciled fintech investment group. Capex.com subsidiaries hold operating licenses from the Cyprus Securities and Exchange Commission (CySEC), the Abu Dhabi Global Market Financial Services Regulatory Authority, and the Financial Sector Conduct Authority (FSCA) in South Africa. The company is a sponsor of Italian football club Juventus.