Koine, an institutional custodian for the digital economy, has appointed Hugh Hughes as Chairman and CEO.
Hughes is a highly experienced figure in European technology and financial markets. He was CEO of Societe Generale Securities in London for 10 years. Previously, he built stockbroking businesses in London, selling and merging them into major European financial institutions.
In 2005, Hugh co-founded Fixnetix, a financial technology company. Fixnetix built a secure, low-latency network connected globally to trading venues that, in turn, provided fastest-in-class price discovery, trade execution and trade confirmation for the algorithmic trading desks of investment banks, hedge funds and proprietary trading firms.
As Chairman and CEO at Fixnetix, Hughes secured institutional and HNWI investors to fund the growth of the company, grew the company to 140 employees, with offices in UK, USA, and Japan and gained patent protection for its on-chip technology innovation. In 2016, Fixnetix was sold for over USD USD100 million to CSC, a NYSE-listed global provider of IT services.
Hughes commented: “I am highly impressed with Koine’s vision and innovation to establish a critical component of capital market infrastructure – a segregated, institutional custodian of digital assets. “
“I look forward to engaging with clients, investors, commercial partners and regulators. Together we will build a superb client offering, with significant purpose and value.”
Koine will launch in Q2 2019.
