Growth continues at Brady

9 September 2008

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced that it has appointed Xavier Dousteyssier to run its Southern Europe operations. This move was prompted by development of Brady’s business and in particular the steady growth in Southern Europe in the recent years.

Dousteyssier’s 14 years’ experience in the financial technology markets make him the ideal candidate for growing the business. Having graduated from ESCP EAP Business School (Paris, Oxford and Berlin) Dousteyssier has held a number of senior positions in the industry. He spent four years in Reuters in Paris working as a capital markets specialist and business development manager. This was followed by eight years in Sungard Trading & Risk where initially he was the business development manager for France and later took the position of sales director for France, Belgium and Luxembourg. Most recently he was the regional director for Southern Europe for Trema.

Dousteyssier says: “Brady is recognised worldwide as the market leader with more than 800 users and excellent potential for growth in the commodity markets. I am very pleased to be joining at such an exciting time and, as the sales manager for Southern Europe, I look forward to helping Brady further build its business in the region.”

These developments mark the latest stage in Brady’s aggressive drive for expansion announced at the end of 2007. It is built on the continuing success of the company’s innovative development strategy and its dedication to providing first class support to its global commodity clients.

Gavin Lavelle, CEO of Brady, commented: “The appointment of Xavier as a dedicated resource for Southern Europe is the logical next step in the company’s growth. It will give our international banking, brokerage and fund management clients in the region the benefit of closer proximity to their offices and offer greater speed of response and support.”

Brady’s expansion plans announced at the start of the year have so far included a new London office, a number of new clients, new hires of senior sales and marketing teams in London and New York and the launch of new products and technology platforms.

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