The new office in Singapore will be headed by Tony Chapman who has been named as the head of Asian operations; Chapman will relocate from Montreal to take up his new position.

Brady continues to make significant progress with its ambitious strategy for growth: after a very successful 2008, 2009 began with the acquisition of Comsoft. Brady's clients are global producers, fabricators and traders who require Brady to provide global trading and risk management solutions. With a number of clients already using Brady in the Asia Pacific region, a direct presence in Asia is seen as the next step in providing the high levels of support that Brady's clients value and appreciate. Tony Chapman has an in-depth and thorough knowledge of Brady's specialist business and its clients, having been with Brady since 1998, most recently as sales manager in the Americas. During this time he has been instrumental in attracting global clients. He says: "Asia is an exciting region for us and offers us major growth prospects. It's a fantastic opportunity for Brady's expansion and I am delighted to be a part of it."

Gavin Lavelle, CEO of Brady, comments: "2008 was a year of substantial growth for us with many new global institutions choosing Brady. This is the right time for us to establish an office in Singapore, in close proximity to our clients. Building on his success in the Americas, Tony is an excellent choice for establishing our Asian operations and building on our successes. I am looking forward to continuing to work with him in his new capacity."

Brady clients include many of the world's largest miners, refiners and producers, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members.