Quoreka has appointed Brian Quinn as chief product officer and Dan Romanelli as chief revenue officer, filling both roles through internal promotion as the company pushes to scale its AI-powered energy, commodity trading and risk management platform.

Quinn spent five years leading Quoreka’s global sales organisation before moving into the product role. Prior to joining Quoreka, he was general manager of FIS Kiodex, a commodities risk management platform that formed part of the FIS software portfolio. The company said his direct client exposure across agriculture, energy and metals markets will inform how the product roadmap is prioritised. In the new role he will oversee product and platform strategy, the innovation roadmap and delivery execution.

Romanelli steps up from leading Quoreka’s business development function. He brings more than 30 years of financial technology experience across exchanges, broker-dealers, clearing firms and technology vendors. He previously served as Head of Sales and Account Management at Broadway Technology before that firm was acquired by Bloomberg. He holds an MBA from the University of Chicago Booth School of Business and has attended INSEAD’s Senior Leadership Programme.

Chief executive Bruce Boytim said: “Dan’s extensive experience helping organisations navigate significant revenue expansion and his proven ability to build lasting client relationships will be instrumental as we expand our global reach and deliver targeted value to customers worldwide.”

Market context

Energy and commodity trading risk management software is a specialised but increasingly contested segment. The traditional on-premise giants, broadly, the handful of firms that dominated the market through the 2000s and 2010s, are facing pressure from cloud-native and AI-augmented challengers that promise faster configuration and better integration with market data feeds and execution venues. Quoreka is positioning itself firmly in that challenger tier, with its AI platform framing central to both appointments.

The sector has also been reshaped by consolidation. The acquisition of Broadway Technology by Bloomberg, where Romanelli previously worked, is a representative example of how large data and terminal businesses have moved into trading technology infrastructure. That dynamic puts pure-play E/CTRM vendors under dual pressure: from the large technology conglomerates acquiring complementary tools, and from enterprise resource planning providers broadening their commodities modules.

Regulatory and commercial backdrop

Commodity trading firms globally are navigating heightened regulatory scrutiny on risk controls, position reporting and market conduct, particularly in European energy markets following the volatility of 2021 to 2023. Demand for robust, auditable risk management systems has grown as a direct result, creating a commercial tailwind for E/CTRM vendors that can demonstrate compliance-grade controls alongside operational analytics. Quoreka’s emphasis on customer-driven product development and AI-powered insight is consistent with where enterprise buyers in this space are focusing procurement conversations.

The two appointments signal that Quoreka is prioritising commercial execution and product velocity simultaneously, a combination typical of companies approaching a growth inflection. No funding round or valuation figures accompanied the announcement.

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