LME specialist Bob Watson joins Brady

London - 13 May 2009

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, announced today that derivatives process expert Bob Watson is joining the company to head the ongoing LME operations and settlement development. Prior to joining the specialist trading and risk provider, Watson was Director of Base Metals Integration at UBS AG Ltd.

With more than 25 years spent developing solutions focused on regulatory and management reporting and settlement at Cortex, Microgen and most recently UBS, Watson’s specialist knowledge of metals trading and especially the current technology developments at the London Metal Exchange (LME) will quickly provide benefits to Brady’s global client base and to its development roadmap.

Bob Watson commented, “I have long been aware of Brady’s leading position in commodities trading and risk management technology. Its current LME development plans are an ideal opportunity to apply my experience both as an end user/client and as a strategic planner and developer in matters connected with the LME.”

Gavin Lavelle, Brady CEO, said: “I am delighted to have Bob on board. He has many years’ involvement with software solutions for various exchanges, including the LME, which will help to add yet another dimension to the outstanding service we offer to our clients. Brady’s reputation owes much to the knowledge and experience of its people.”

Bob’s experience encompasses the development of profit, risk and exposure reporting systems for derivatives trading on the London and US markets incorporating counterparty risk and position risk requirements. He also played a leading role in a multidisciplinary team tasked with the interpretation and application of the SFA rules as applied to the LME and this knowledge will directly benefit Brady clients.

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