Brady strengthens global metals operations with appointment of Stephen Butcher as CEO Metals

London - 2 November 2011

Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the metals, energy and softs sectors, is pleased to announce the further expansion of the Group with the appointment of Stephen Butcher, who joins the company as CEO of Metals, with immediate effect.

Stephen will spearhead growth across Brady’s suite of core solutions for the metals trading business. He has over twenty years’ experience delivering complex, mission-critical solutions to global Financial Services clients, and an impressive track record of growing global technology and services organisations. Stephen’s major focus in recent years has been on delivery and implementation of strategic plans for technology companies.

Stephen’s previous roles include Managing Director of the Solutions Division of Dealogic plc, where he helped to create the next generation of products and grew revenues by 80%. As Chief Operating Officer at Front Capital Systems, SunGard Trading Systems, a world-leading derivatives system, he had overall responsibility for marketing, sales, product management, project delivery and customer support.

Gavin Lavelle, CEO of Brady Plc, commented, “Stephen's experience ideally equips him to help us build on the success we have already achieved in the metals space. We are particularly impressed by his track record in growing global technology and services organisations. He will be a great asset to Brady, our customers and shareholders. Stephen will co-ordinate the sales and product initiatives for Trinity, Opval and Aquarius, in line with market demand”.

Stephen Butcher said, "Brady’s clear sense of ambition and its focus on being the leading global provider in the commodity and energy sectors were the main driving factors behind my decision to join the Group. Being a part of Brady at this time is an exciting challenge for me. Brady has been a major player in the CTRM metals space for more than 25 years and currently holds the number one position in the metals space by revenue. My strategy is to leverage this position, expanding our geographic footprint further and developing our solutions in accordance with market drivers and demand, supporting the company in its continued strategy of expansion and acquisition."

Stephen has a BSc in Marine Engineering from the University of Newcastle, UK. An accomplished sailor, he has represented Great Britain at numerous sailing events and was a member of the British Olympic Squad 1987/88.

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