Hex Trust, the leading provider of bank-grade custody for digital assets, is delighted to announce the appointment of Colin Brooks to its Advisory Board. Colin brings over 30 years of unparalleled experience, knowledge and connections building institutional custody and securities businesses, including serving as HSBC’s Head of Custody and Clearing for seven years, heading up a global business that covered over 50 markets in six continents.
Colin was primarily responsible for building HSBC’s Custody business from a small team to the biggest and most dominant sub-custodian in Asia. He was closely involved in all aspects of HSBC’s securities business evolution, from a custody business operating in six individual markets in Asia, to its current form as a global business within HSBC’s corporate and institutional banking division. Colin won the recognition “Custodian Banker of the Year” during The Asset Triple A Asset Servicing Awards 2011 for his contribution to the development of the custody business in Asia.
As Hex Trust continues to scale its banking and financial institutional client base across Asia and Europe, Colin’s experience and guidance will be invaluable to its expansion and to ensure Hex Trust continues to build the industry’s leading platform for bank-grade digital asset custody. Colin was also appointed as a Senior Advisor to Standard Chartered Bank (SCB) to the securities business and then as Vice Chairman Securities Services based in Singapore, where his responsibilities included re-shaping the leadership team and driving forward a series of key change initiatives across multiple areas to effectively re-launch the SCB securities business.
“Colin joins Hex Trust at a critical juncture for the entire digital assets industry. A new wave of adoption is taking place, spearheaded by banks, central banks and other financial institutions, which is transforming the market and the way service providers operate,” said Alessio Quaglini, CEO of Hex Trust. “We cannot assume that the whole financial market will embrace from day one solutions designed by technology companies. The process has to be a two-way, with financial institutions sharing their expertise and providing inputs on their pain points and challenges in their business models. Technology companies, like Hex Trust, therefore need to build solutions that both address these challenges whilst complying with financial institutions’ requirements and integrating within their technology and operating models. Colin’s extensive experience in custody and securities services accumulated in leading financial institutions will play a critical role to develop and shape Hex Trust’s service offerings to banks looking at entering the digital assets market.”