2nd November 2011, London: 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 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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Photos of Stephen Butcher and Gavin Lavelle are available on request
Editorial contact
John Norris
Moonlight Media
Tel: +44 (0) 20 7250 4770
Email: john@moonlightmedia.co.uk
Notes to Editors
About Brady plc
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the worldwide commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trades, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, softs and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 150 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers. For further information visit: www.bradyplc.com
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