Komainu Hires Suzanne Hubble as Its New COO and CFO

Komainu recently announced that it has hired Suzanne Hubble as its new Chief Operating Officer & Chief Financial Officer, effective immediately.

Recently announced in an official press release, Suzanne Hubble, an executive veteran with close to two decades of experience in the Finance industry, has been named by Komainu, a regulated digital asset custody services provider, as its new Chief Operating Officer & Chief Financial Officer.

Hubble brings almost two decades of experience in Banking and Finance, with specific knowledge of eCommerce and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. This gives credit to the bank where funds are deposited and a corresponding debit to the account of the paying institution. The Federal Reserve operates a nationwide check-clearing system. Clearing also is used to signify matching buyers and sellers in stock, futures, and options transactions. Understanding ClearingToday, any type of payment can be cleared. A credit card payment is cleared through the payment merchant. It can be said that clearing is the settlement of balances and transactions. There is also an act of cleaning contracts and risk through A clearinghouse, like CME Clearing, which is an intermediary between buyers and sellers in the derivatives market. As the intermediary or counterparty, to every trade, CME Clearing acts as the buyer for every seller and the seller for every buyer for every transaction on an exchange. Stocks are cleared through global stock exchanges similar to the New York Stock Exchange (NYSE). The clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. Read this Term. Komainu selected her for the role as she is a seasoned business strategist with unique institutional banking experience.

The appointment follows Komainu’s $25M Series A Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments. Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments. Read this Term, as the company continues to scale and increase its capabilities in a timely secure and regulatory compliant manner. Further, Komainu has witnessed its Assets Under Custody more than double since the end of 2020. Thus, Hubble’s main role will be to develop and execute the Company’s growth strategy.

Hubble’s Vocational Background

Prior to Komainu’s announcement, Hubble has been serving HSBC as a Program Director for the last two years. She has been instrumental in the delivery of the Bounce Back Loan Program and Commercial Banking.

Earlier on, she joined Pilotlight in late 2018 as a Pilotlighter. Since then, she has been using her business expertise to help navigate charity leaders through the obstacles facing them.

Further, Standard Chartered Bank benefitted from her experience as its Regional Chief Operating Officer in Europe. She was based in London for four and a half years fulfilling the requirements of the role.

Additionally, Hubble completed a stint at Citi as its European Head of OTC Client Clearing. She took on the responsibilities of the role for just sixteen months.

Before that, Intercontinental Exchange Inc. sought out her services as a Director of CDS Development. From July 2009, she successfully accomplished the duties of the role until late 2011.

Previously, she worked for JP Morgan for almost eleven years. Initially, her title was FX eCommerce where she spent around seven years. Then she received a promotion as its Credit eCommerce at the end of 2005.

Hubble’s earliest known position was at Schlumberger as a Wireline Engineer back in September 1996.

A Widely Respected Seasoned Business Strategist

Henson Orser, President and Acting CEO of Komainu, said: “Suzanne is a widely respected, seasoned business strategist, and her unique and extensive experience in the institutional banking landscape is why she has been selected to further advance the business. Suzanne will play a pivotal role in expanding Komainu’s reach in the industry, and I look forward to collaborating with her directly to drive our ambitious growth plans. Our focus is to continue to innovate and expand upon our current services and her expertise will be key to this process.”

“Since its launch in 2020, Komainu has established a great business model and talented team that is uniquely positioned to capitalize on the evolving financial ecosystem as institutions move closer to fully adopting digital assets. I look forward to advancing our operational excellence and further establishing our presence in the space as the best-in-class provider of custody services for institutions,” Hubble added.