DataArt announced expansion of its London office with the appointment of Mike Brett as VP of Business Development and Sales for Europe. In his new role, Mr. Brett will focus on further strengthening DataArt's Capital Markets practice, which has grown by 15% in 2009.

While Capital Markets industry has stabilized and largely returned to growth, the need to do “more with less” is as strong as ever, and DataArt’s offering fits the niche for innovative, cost-efficient bespoke solutions in the areas of risk management, portfolio analytics, trade capture, settlement and reconciliation. Mr. Brett will work with both buy- and sell-side and will have responsibility to establish partnerships with leading technology, market data and analytics vendors in the space.

Prior to joining DataArt, Mr. Brett worked in business development for NET2S Capital Markets consultancy which specialized in Electronic Trading, Risk and Trade Management and Data Management. There he spearheaded a new ethical hacking division and Security Consulting practice, contributing to strategic wins of new key clients. He also managed a series of industry seminars and corporate events for NET2S, securing the company's visibility on the market.

Mr. Brett holds a BA in Business Studies from the University of the West of England.