Hex Trust adds ex-HSBC global head of custody to advisory board
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Hex Trust adds ex-HSBC global head of custody to advisory board 07 July 2020Hong Kong Reporter: Maddie Saghir
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Hex Trust, the provider of bank-grade custody for digital assets, has appointed Colin Brooks to its advisory board.
Brooks brings with him 30 years of experience in institutional custody and securities businesses and has previously served as HSBC’s head of custody and clearing.
He was primarily responsible for building HSBC's custody business from a small team to the biggest and most dominant sub-custodian in Asia.
Additionally, he was also 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.
During his career, Brooks has worked in a number of securities industry roles, including as a member of SWIFT's Securities Council and their Asia Pacific Advisory Group, as well as a board member of the International Securities Services Association (ISSA).
Brooks moved to Standard Chartered Bank (SCB) in 2015, first as senior advisor to the securities business and then as vice chair securities services based in Singapore.
At SCB, 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. Brooks retired from SCB in 2020 after the successful completion of the re-launch.
Hex Trust explained that as it continues to scale its banking and financial institutional client base across Asia and Europe, Brook’s experience and guidance will be invaluable to its expansion.
It was also noted that Brooks will also help to ensure Hex Trust continues to build the industry's leading platform for bank-grade digital asset custody.
Alessio Quaglini, CEO of Hex Trust, stated: "Colin Brooks 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."
"Brook'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,” Quaglini added.
Commenting on his appointment, Brooks said: "I'm excited to join the Hex Trust Advisory Board to help the business scale, optimise its custody platform and operations, and onboard more banks and financial institutions as clients.”
“Using my years in the traditional custody and securities industries, I'll be aiming to pass on my guidance and experience to take Hex Trust to the next level to make sure that the platforms we build correctly address both financial institutions' needs and the requirements of the highly regulated markets which they operate in. I'm looking forward to being part of Hex Trust's journey and participating in the revolution of blockchain technology reshaping the infrastructure of financial markets."
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