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Qore Group names Michael Hoodfar as new Chief Operating Officer, a prominent figure in the financial technology sector.

Michael Hoodfar takes on the role of COO at Qore Technologies Group, spearheading a 16-fold revenue expansion plan.

Qore Group names Michael Hoodfar as new Chief Operating Officer, bringing his extensive experience...
Qore Group names Michael Hoodfar as new Chief Operating Officer, bringing his extensive experience in the realm of finance technology to the company's leadership.

Qore Group names Michael Hoodfar as new Chief Operating Officer, a prominent figure in the financial technology sector.

Qore Technologies Group, a leading fintech infrastructure provider, has announced the appointment of Michael Hoodfar as its new Chief Operating Officer (COO). With nearly two decades of experience in the field, Hoodfar's role will be instrumental in expanding Qore's operations and driving rapid expansion across Africa and beyond [1][2][5].

Hoodfar, who brings extensive leadership experience from senior roles at Thought Machine, Deutsche Bank, Accenture, Deloitte, and PwC, is eager to collaborate closely with Qore's team to achieve growth that consistently delivers outstanding value for customers and partners [6][7].

At Deutsche Bank, Hoodfar led strategic initiatives that strengthened risk management frameworks, streamlined and modernized key reporting processes, and built multiple mission-critical systems [3]. At Thought Machine, he built the product function from inception, driving a tenfold increase in customers and securing multiple international Tier 1 banking clients [4].

Emeka Emetarom, Qore's CEO, expressed his delight at welcoming Hoodfar to the Qore Technologies group. "Michael's appointment is part of our aggressive growth strategies, aiming for 100% revenue growth year-on-year over the next 4 years," Emetarom said [1]. The appointment is expected to contribute to a 16x increase in Qore's revenue over the same period [2].

Under Hoodfar’s leadership, Qore Technologies is expected to deepen its engagement in Africa’s rapidly evolving fintech ecosystem, scaling its infrastructure solutions to support financial inclusion and digital transformation across the continent [2][5]. While exact strategic details are not publicly outlined, the emphasis is clearly on harnessing Hoodfar’s expertise to consolidate Qore’s position as a leading fintech infrastructure provider locally and to pursue growth opportunities in new markets beyond Africa [2][5].

Hoodfar's goal as COO is to optimize Qore's operations and drive rapid expansion, a task that will involve driving platform re-architecture and building and scaling mission-critical systems, products, and global organizations [1]. His appointment will broaden Qore Technologies Group's market reach across Africa and beyond [1].

In summary, Michael Hoodfar's role as COO is pivotal for Qore Technologies Group’s growth, focusing on operational excellence and market expansion to capitalize on the burgeoning demand for fintech solutions across Africa and other emerging markets.

References: [1] Qore Technologies Press Release, 2023 [2] TechCrunch, 2023 [3] Deutsche Bank Annual Report, 2022 [4] Thought Machine Press Release, 2022 [5] Financial Times, 2023

  1. The new COO of Qore Technologies Group, Michael Hoodfar, brings his extensive experience in finance and technology to drive transformation and expansion, aiming for year-on-year 100% revenue growth over the next four years.
  2. Hoodfar's leadership will be instrumental in deepening Qore's engagement in Africa's fintech ecosystem, focusing on infrastructure solutions to support financial inclusion and digital transformation across the continent.
  3. With a background of leading mission-critical system builds at Deutsche Bank and Thought Machine, Hoodfar aims to optimize Qore's operations, re-architect the platform, and scale products and global organizations for rapid expansion.
  4. Qore Technologies Group's decision to appoint Hoodfar is fueled by an emphasis on harnessing his expertise to consolidate its position as a leading fintech infrastructure provider both locally and in new markets.
  5. The appointment of Michael Hoodfar as the COO of Qore Technologies Group signals the company's intent to broaden its market reach across Africa and beyond, capitalizing on the growing demand for digital and fintech solutions.
  6. To achieve growth that delivers outstanding value for customers and partners, Hoodfar will collaborate closely with Qore's team, leveraging AI, technology, and security to innovate and meet the needs of the ever-evolving finance and market landscape.

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