Hormoz A Faryar, a respected veteran within the foreign exchange industry, has returned to ADS Securities (ADSS), taking on the role of Head of Institutional Sales, FortuneZ 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 FortuneZ 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 FortuneZ 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 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 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.