Get to Know Our Chief Financial Officer: Andrew Economos

Get to Know Our Chief Financial Officer: Andrew Economos

November 28, 2022

Hi Andrew! Welcome to the team. We’re delighted to have you on board! Can you tell us a bit about yourself? 

Delighted to be here, and thanks to the Hex Trust Team for such a warm welcome. I’ve been hacking capital markets for over 28 years, starting in traditional asset management, shifting to alternatives, and then graduating to principal investing. Along the way, I worked for both global finserv enterprises and early-stage startups in crypto, healthtech, fintech and managed marketplaces. I’ve built platform businesses in emerging markets, developed strategic partnerships across Asia and invested in some of the world’s best (and worst!) financial services and technology companies. And have the scars to prove it.

Please tell us more about your role at Hex Trust. What does it mean to be ‘Group Chief Financial Officer’? 

As CFO, my daily responsibilities are split into four buckets: financial planning, accounting, strategy & operations and corporate development/M&A. The challenge is to stay focused on our cashflows and prioritize the allocation of that cash to promote growth. Fortunately, I am surrounded by an excellent team of finance pros in Hong Kong, Singapore, Dubai and the Bahamas that ensure Hex Trust’s finances and investors’ interests are closely monitored and well managed around the globe 24/7.

What was it about Hex Trust which made you want to join the team? 

As an early investor in tech and emerging markets, I partnered closely with my custodians to ensure that investors’ assets were protected and segregated. Those custodians grew to become multi-trillion-dollar AUC businesses. We are at the same early phase of growth for Hex Trust and digital assets today. With the complexity inherent in these markets, a quality custodian like Hex Trust is more important than ever. With its dynamic leadership, I also felt I could help the company grow across new markets by serving as a strategic partner to TradFi and DeFi enterprises integrating digital assets into their operations.

What initially got you interested in the digital assets ecosystem?‍ 

I’m drawn to innovation, passion and non-consensus thinking, and the digital assets ecosystem delivers on all of that! As we move to web3 and Metaverse platforms, digital assets and custody will serve as the backbone of the new payments and finserv infrastructure. As a human being, I need to maintain flexibility, an open mind and a willingness to learn. As an investor, I need to stay on the bleeding edge of financial markets' innovation. Working with digital assets satisfies both needs.

You’ve worked with some of the biggest investment banks and financial institutions during your career. What are the main differences you’ve seen between the TradFi and Blockchain worlds? 

I actually see more similarities than differences as the two worlds merge. Early developments in asset management and IB were driven by innovation to provide investors and clients with more opportunities to gain exposure to multi-strat/multi-asset class offerings that exhibited better and less correlated returns. Most grizzled veterans like myself remember the resistance we met from institutional investors when pitching “new and crazy” asset classes like emerging markets, hedge funds, private equity, private credit and venture capital. Why the same institutions that benefited greatly from past finserv innovation are now reluctant to engage in digital assets remains a mystery to me. 

What are you most excited about in blockchain today? 

At a professional level, nothing excites me more than the creativity and passion permeating every facet of the industry – every convention is examined and stress-tested. New and exciting innovations occur daily. Not all are good, but most are necessary for growth. At a personal level, it’s the empathy, pioneer spirit and great sense of humor exhibited by my fellow blockchain adventurers. They are smart, irreverent and really funny. I’m also encouraged that despite market participants’ repeated best efforts to self-destruct, the technology held up well against human stupidity.

Tell us something interesting that you do outside of work and which not many people know about you!

I’m a Greek, so it has to be about food or wine. I fancy myself as a world-class barbeque-r on both slow cookers and grills. The reality is that my family and guests are too nice (and usually too hungry) to criticize my output, so my fantasy lives on.

Finally, here are some quick-fire questions!

Morning person or night owl?

Morning person in Asia and a Night owl in Europe

Favourite sports teams?

HK’s Bay Area Dragons basketball and Greece’s Olympiakos football

Dogs or cats?

Love dogs and respect cats

Sweet or salted popcorn?

Salty popcorn mixed with peanut M&Ms

Coffee or tea?

Cafe, please

What scares you?

Stagnation

Favourite film?

Being There, Peter Sellers at his best

Favourite travel destination?

Greek islands, no competition 

What would you eat for your last meal?

A communion wafer, to hedge my corporeal bets…

Bitcoin or Ethereum?

Eth

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