June 7, 2023 – Quor Group, a leader in Commodity Trade Risk Management software (“CTRM”), is pleased to announce the appointment of Steve Hughes as its new Chief Executive Officer (CEO). With an impressive track record in the commodity and financial services industries, Steve brings a wealth of expertise and strategic vision to Quor as it enters a new phase of growth, expansion, and innovation.
As CEO, Steve will oversee Quor’s operations and spearhead its mission to provide exceptional CTRM software solutions to clients worldwide. His extensive experience in building and scaling software companies, combined with a deep understanding of the evolving financial and commodities landscapes, will further solidify Quor’s position as a leading CTRM provider.
Steve Hughes joins Quor after a successful tenure as the CEO of Beam Securities, CEO of Aspect Enterprise Solutions (which he helped sell to ION), and subsequently Chief Commercial Officer of ION Commodities. In these roles he consistently drove growth and innovation.
Expressing his enthusiasm for joining Quor, Steve stated, “I am honored to lead Quor during this exciting chapter in its journey. The company has built a stellar reputation for its commitment to client success, and I am thrilled to work with the talented team at Quor to further strengthen our position in the CTRM space. Together, we will strive to deliver unparalleled service and value to our clients, helping them navigate the ever-changing global markets.”
Ishan Manaktala, Operating Partner at STG, the private equity firm backing Quor, expressed his confidence in Mr. Hughes’ appointment, saying, “Steve is a seasoned leader with an exceptional track record in the CTRM and financial services sectors. We are delighted to welcome him as the new CEO of Quor, and we believe his extensive experience and strategic acumen will be instrumental in driving the company’s growth and advancing its mission. We look forward to working closely with Steve and the Quor team to continue delivering outstanding results for our clients.”
With Steve Hughes at the helm, Quor is poised to further expand its global reach and provide innovative solutions in an ever-changing commodities and trading landscape.