Gavin Lavelle appointed as Chief Executive Officer of Brady plc

20 July 2007

Brady plc (BRY) the leading supplier of software solutions for commodity trading announces the appointment of Gavin Lavelle as its new Chief Executive Officer with effect from 3 September 2007. Brady’s founder and current Chief Executive Officer, Dr Robert Brady will assume the role of Chief Technology Officer. In this role, Robert will be responsible for the company’s technology architecture and direction and will continue to serve as a strategic and visionary spokesperson for the company.

In a career spanning more than 25 years in the international financial software and banking industry, Gavin brings to Brady a proven track record in delivering performance excellence. In 2000 he joined SunGard after the acquisition of RioFin as CEO of Panorama and more recently CEO of SunGard Sherwood Systems. Prior to founding RioFin, he was worldwide head of equities and equity derivatives risk management at Deutsche Bank. He also worked at Banque Paribas for eight years, where he was head of equity derivatives trading.

Commenting on the appointment, Dr Robert Brady, founder and Chief Executive Officer said “I am delighted to be handing over the reins to Gavin. He is a proven leader and his track record in the global development of enterprise-level software solutions speaks for itself. I am confident that under his leadership, we will continue to expand upon our current market position as the international leader in commodity solutions”.

Gavin added, “I am delighted to be joining the team at this exciting time in the company’s evolution and look forward to continuing to build on the momentum already attained and develop the significant global opportunities that exist within the commodities market. Brady is well placed to leverage its position as a global leader in the commodities sector and I am very much looking forward to the challenge of delivering on the company’s ambitious international growth plans and continuing to provide our global customers with best-in-class solutions for metal and commodity trading”.

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