Brady’s founder steps down after 25 years; to boost activity with Cambridge start-ups
Brady plc, provider of trading, risk management and settlement software to the metals and commodities sectors, said Chief Technology Officer Robert Brady will become a non-executive director of the company he founded 25 years ago in September.
Dr. Brady will remain a major shareholder in the Cambridge-based company.
Dr. Brady said: "The company is ideally positioned to capitalise on the current global opportunities. The new management team shares our existing values - to understand the market, understand the client and provide the best solution through appropriate technology - and is taking us forward into a new phase of international growth.
"My position as a non-executive director will continue to keep me involved with the company and the reduced role will give me more time to devote to my passion for entrepreneurship in the UK. Specifically, I will be increasing my activity in the Cambridge area with non-competing technology start-ups."
Brady CEO Gavin Lavelle said: "Robert has taken a one man consultancy and built the business into a strong public company, which is now a leading provider of trading and risk management technology solutions to the metals and commodity markets.
"This is a tremendous achievement by Robert and I am particularly pleased that we will continue to benefit from his continued participation and support in the future growth of the company. I would also like to personally thank Robert for his unstinting support since I joined the company in 2007."
Dr. Brady began in 1985 developing pricing algorithms for the FX market, and by 1989 had expanded to include swaps, interest rate derivatives and metal derivative risk management solutions.
Within ten years the company had started to make its mark in the metals and commodities markets. With the increase in capitalisation resulting from its UK AIM listing in 2004, Dr. Brady and his Board colleagues set about growing the company.
2007 saw a step change in this growth with a number of senior new hires joining the Board, including CEO Gavin Lavelle
Brady plc is currently valued at around £13.3m.
