He will be managing and editing the FT's news, analysis and commentary on global markets.
Adams told Journalism.co.uk the biggest challenge will be "building on the success of Gillian Tett and Chris Brown-Humes, who made the FT's markets coverage an essential read for anyone following the financial crisis".
He joined the FT in 1996 as insurance correspondent. Since then he has been economics correspondent, employment correspondent, political correspondent, leader writer and most recently assistant news editor.
Before joining the FT, Adams was energy correspondent and then UK equities correspondent at Reuters, and before that a reporter with Petroleum Argus.
His advice to those wanting to work in a similar role is: "Love the markets, look for the stories in the numbers, and read as much as you can about everything from Europe's sovereign debt crisis to what's driving jet fuel prices."
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