Wednesday 13th June 2018

British group GFG Alliance appoints US chief to lead expansion into America

Image Caption: Grant Quasha - GFG’s Chief Investment Officer (USA)

British industrialist Sanjeev Gupta’s GFG Alliance, has appointed prominent American executive, Grant Quasha, to lead its investment drive across USA.

The move comes ahead of the group’s planned reopening of the former ArcelorMittal wire rod steel plant at Georgetown, South Carolina, which will be the launchpad for a major expansion into the metals, mining, energy and financial services sectors in the United States.

Mr Quasha, who has been appointed as GFG’s Chief Investment Officer (USA), will be based in New York, which the $15 billion turnover group is establishing as a new global hub in a network that already has centres in London, Dubai, Hong Kong, Singapore and Sydney, with a presence in over 30 countries.

He is joining GFG following a successful period as CEO and Managing Director of Paringa Resources, a publicly-listed junior mining company developing new coal mines in Kentucky. Prior to that, Mr. Quasha was the Chief Commercial Officer of Bowie Resource Partners, LLC, the largest producer of Western bituminous coal in the US.

He’d previously gained extensive experience of the metals sectors through his roles as North American Manager of Corporate and Structured Finance at Trafigura AG, one of the world’s largest independent commodity trading houses, and, before that, as an investment banker in JPMorgan’s New York mining and metals division. He serves on the board of directors of the National Mining Association.

Mr. Quasha holds a Bachelor of Arts degree, Cum Laude, from Harvard College and an MBA with distinction from Harvard Business School.

Commenting on his new role he said: “GFG’s global growth has been truly impressive and I’m very excited by the prospect of taking the group’s vision and ground-breaking business model into North America, where there are huge growth opportunities in the metals, mining, energy and financial services sectors. Building upon initial investments in Georgetown and Tampa, I’m looking forward to leading the Group towards further interesting projects that will make a huge positive impact here.”

Sanjeev Gupta, executive chairman of the GFG Alliance said: “Grant has an excellent track record of achievement and we’re hugely encouraged to have secured someone of his calibre to head up our ambitious American investment programme. It’s a great pleasure to welcome him to the worldwide GFG family.”

Further information contact:

Eoghan Mortell

+44 7977 555 116

Jonathan Levy

+44 7718 494 214

Justine Duggan (iNHouse Communications)

+44 207 240 7338