Koine Digital Custodian Service Names Hugh Hughes As Chairman/CEO

Job Appointments | February 20, 2019 By:

Digital startup Koine has appointed technology and financial industry veteran Hugh Hughes as chairman and CEO. The company will start in the second quarter and provide custody and settlement services for fiat and digital assets to institutional clients

Hughes 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, Hughes 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 Finetix, Hughes secured institutional and HNWI investors to fund the growth of the company and grew it to 140 employees, with offices in the UK, USA, and Japan. He also gained patent protection for its on-chip technology innovation. In 2016, Fixnetix was sold for over USD $100m. to CSC, a NYSE-listed global provider of IT services.

“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”.