Group Executive Board

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Chief Executive Officer
Nationality German
Year of initial appointment 2009

Professional history, education and date of birth
Oswald J. Gruebel was named UBS Group Chief Executive Officer (Group CEO) on 26 February 2009. Before joining UBS he was the CEO of Credit Suisse Group and of Credit Suisse and stepped down from this role in May 2007. He was CEO of Credit Suisse Financial Services from 2002 to 2004 and was additionally Co-CEO of Credit Suisse Group from 2003 until 2004. Mr. Gruebel was a member of the Credit Suisse Group Executive Board (GEB) between 1997 and 2001 and again from 2002 to 2007. From 1991 until 1997 he was member of the Executive Board of Credit Suisse, responsible for equities, fixed income, global foreign exchange, money markets and asset/liability management in Zurich. Before that he was a member of the GEB, Financière Credit Suisse First Boston in Zug. In 1970 Mr. Gruebel joined White Weld Securities and became its CEO in 1978. From 1961 to 1970 he worked for Deutsche Bank AG. He was born on 23 November 1943.

1 Oswald J. Gruebel was named Group CEO on 26 February 2009, replacing Marcel Rohner who stepped down as Group CEO on that date.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Group Chief Financial Officer (Group CFO)
Nationality British
Year of initial appointment 2008

Professional history, education and date of birth
John Cryan, formerly global head of the financial institutions group at UBS's Investment Bank, was appointed Group CFO in September 2008. As an alumnus of Arthur Andersen & Co, Mr. Cryan joined S.G. Warburg in London in 1987. Since 1992, he has specialized in providing strategic and financial advice to a wide range of companies in the financial services sector globally. In recent months, he has played an active role in advising UBS's Board of Directors (BoD) and Group Executive Board (GEB) on issues related to the current financial crisis. Mr. Cryan graduated in 1981 and holds an MA Hons from the University of Cambridge. He was born on 16 December 1960.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Group General Counsel
Nationality Swiss
Year of initial appointment 2008

Professional history, education and date of birth
Markus U. Diethelm was appointed Group General Counsel of UBS on 1 September 2008. From 1998 to 2008, he worked for Swiss Re. He started his career in 1983 with Bär & Karrer, a Zurich law firm. In 1988, he joined Paul, Weiss, Rifkind, Wharton & Garrison in New York as a foreign associate. As of 1989, he practiced with New York's Shearman & Sterling, specializing in mergers and acquisitions. In 1992 he joined the Los Angeles-based law firm Gibson, Dunn & Crutcher, focusing on corporate matters, securities transactions, litigation and regulatory investigations while operating out of the firm's Brussels and Paris offices. He joined Swiss Re in 1998 as Group Chief Legal Officer and was appointed to its GEB effective 1 January 2007. Mr. Diethelm holds a law degree from the University of Zurich and a Masters degree and PhD from the law school at Stanford University. He is a qualified attorney-at-law in Switzerland and admitted to the New York Bar. He was born on 22 October 1957.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Markus U. Diethelm is the Chairman of the legal committee of the Swiss American Chamber of Commerce.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Chairman and CEO Global Asset Management
Nationality Australian
Year of initial appointment 2002

Professional history, education and date of birth
John A. Fraser was appointed Chairman and CEO of the Global Asset Management division in late 2001. Prior to that, he was President and COO of UBS Asset Management and Head of Asia Pacific. In 208, he became Chairman of UBS Saudi Arabia. From 1994 to 1998, he was Executive Chairman and CEO of The Australia Funds Management business. Before joining UBS, Mr. Fraser spent over 20 years in various positions at the Australian Treasury, including two international postings to Washington D.C., first, at the International Monetary Fund and, second, as Minister (Economic) at the Australian Embassy. From 1990 to 1993, he was Deputy Secretary (Economic) of the Australian Treasury from 1990 to 1993. Mr. Fraser graduated from Monash University in Australia in 1972 and holds a first-class honors degree in economics. He was born on 8 August 1951.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: John A. Fraser is a member of the Board of Governors of the Marymount International School at Kingston-upon-Thames in the UK.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Deputy CEO Global Wealth Management & Business Banking and Head Wealth Management US
Nationality American (US)
Year of initial appointment 2008

Professional history, education and date of birth
On 12 November 2008, Marten Hoekstra assumed the duties of Raoul Weil, as Chairman and CEO Global Wealth Management & Business Banking, on an interim basis. He was appointed head of Wealth Management US in July 2005 and Deputy CEO Global Wealth Management & Business Banking in November 2007. Between 2001 and 2005, he assumed different management roles in Global Wealth Management & Business Banking, including head of market strategy and development, and in July 2002 became a member of the Group Managing Board. Previously, from 1983 to 2000, he held various roles with PaineWebber, including that of financial advisor. Mr. Hoekstra graduated with a BA in political ­science from the University of North Dakota and received his MBA from the Kellogg Graduate School of Management at Northwestern University. He was born on 21 May 1961.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Marten Hoekstra is a member of the BoD of Prisoner Fellowship Ministries and of the Zurich International School Foundation, both non-profit organizations. He is also a member of the BoD of the Securities Industry & Financial Markets Association (SIFMA).

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Chairman and CEO of the UBS Investment Bank
Nationality Swedish
Year of initial appointment 2008

Professional history, education and date of birth
Jerker Johansson joined UBS and was named Chairman and CEO of the UBS Investment Bank on 13 February 2008. Previously he was vice chairman of Morgan Stanley Europe, and a member of its management committee. From 2005 to 2007, he was head of Morgan Stanley's institutional equity division. In 2005, he was also named co-head of the combined sales and trading business, consisting of the institutional equity division and the fixed income division. In 2007, he became co-head of sales and trading with responsibility for clients and services, continuing his responsibility for prime brokerage and becoming solely responsible for the sales and trading side of capital markets. Mr. Johansson joined Morgan Stanley in 1985 as a summer associate and held various positions including head of equity capital markets Europe before being promoted in 1997 to COO, institutional equity division Europe. He was also a member of the European management committee. From 2002 to 2005, he was head of the institutional equity division in Europe. Before joining Morgan Stanley, Mr. Johansson was part of Bankers Trust's Graduate Training Program, and also worked for Chase Manhattan Bank. He holds a Masters degree in economics from Stockholm University and an MBA from Stanford. He was born on 19 May 1956.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Jerker Johansson is a member of the Stanford Business School advisory board, a trustee of Tower Hamlets Educational Business Partnership and a Business Leader at Community Links, London.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Group CRO
Nationality British
Year of initial appointment 2008

Professional history, education and date of birth
Philip J. Lofts, formerly deputy Group CRO and Group risk Group chief operating officer, was appointed Group CRO as of November 2008. He has been with UBS for over 20 years. In 2008, he became Group risk chief operating officer after having previously been Group chief credit officer for three years. Before this, Mr. Lofts worked for the Investment Bank in a number of business and risk control positions in Europe, Asia Pacific and the US. He was born on 9 April 1962.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Mr. Lofts is a member of the foundation board of the University of Connecticut.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group CEO Switzerland
Nationality Swiss and Italian
Year of initial appointment 2009
Appointed on 10 February 2009.

Professional history, education and date of birth
Francesco Morra was appointed CEO Switzerland and became a member of the GEB in February 2009. In November 2007, he was appointed Head of Wealth Management Western Europe, Mediterranean, Middle East & Africa. In addition, as of September 2008, he was also responsible for the business unit Latin America, Caribbean & Canada. Francesco Morra joined UBS in 2005 as Head of Wealth Management Italy and as a member of the Group Managing Board. Before joining UBS, he held various management positions at The Boston Consulting Group Inc. between 1992 and 2005. He holds a PhD in economics from the University of St. Gallen (Switzerland). He was born on 31 August 1967

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group COO Corporate Center
Nationality Swiss
Year of initial appointment 2005

Professional history, education and date of birth
Walter H. Stuerzinger was appointed COO Corporate Center in October 2007. Prior to that, he was Group CRO from 2001 until 2007 and head of Group Internal Audit from 1998 until 2001. Before the merger with SBC, he was head of Group Internal Audit at the former Union Bank of Switzerland. Previously he worked with Credit Suisse on various assignments in the controlling and auditing areas. Mr. Stuerzinger holds a Swiss banking diploma and is a member of the Institute of Chartered Accountants. He was born on 6 July 1955.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Walter H. Stuerzinger is a member of the foundation board of the UBS Pension Fund.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Chairman and CEO Asia Pacific
Nationality British
Year of initial appointment 2006

Professional history, education and date of birth
Rory Tapner was appointed Chairman and CEO Asia Pacific in May 2004. Previously he was Joint Global Head of Investment Banking. From 1983 to 1998 he was with S.G. Warburg and Warburg Dillon Read as global head of equity capital markets, joint head of UK corporate finance and head of the UK capital markets team. He was also a member of the Warburg Dillon Read executive board. Mr. Tapner has a law degree from Kings College, London University and went to Lancaster Gate Law School. Mr. Tapner was born on 30 September 1959.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Rory Tapner is the treasurer and Chairman of the financial committee of Council of Kings College, London University.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Joint Global Head of Investment Banking, Chairman and CEO of UBS Group Europe, Middle East & Africa
Nationality British
Year of initial appointment 2008

Professional history, education and date of birth
In January 2008, Alexander Wilmot-Sitwell became Joint Global Head of Investment Banking and Chairman and CEO of UBS Group Europe, Middle East & Africa. In 2006, Mr. Wilmot-Sitwell became a member of the Group managing board. He joined the firm in 1996 as head of corporate finance in South Africa and moved to London in 1998 as head of UK investment banking. Prior to joining Warburg Dillon Read, he was head of corporate finance at SBC Warburg in South Africa, SBC Warburg. Mr. Wilmot-Sitwell graduated from Bristol University with a degree in modern history. He was born on 16 March 1961.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Alexander Wilmot-Sitwell is vice president of the "Save the Children Fund", London.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group Chairman and CEO of UBS Group Americas, President of the UBS Investment Bank
Nationality American (US)
Year of initial appointment 2008

Professional history, education and date of birth
Robert Wolf was appointed President of the UBS Investment Bank in 2007 and was COO of the UBS Investment Bank from 2004 to 2008. Since 2006, he has also served as Chairman and CEO of UBS Group Americas. Prior to this, Mr. Wolf served as global head of fixed income from 2002 to 2004 and held the position of global head of credit trading, research & distribution from 1998 to 2001. He joined the firm in 1994, after spending approximately 10 years at Salomon Brothers in fixed income. Mr. Wolf graduated from the Wharton School at the University of Pennsylvania with a Bachelors of Science in economics in 1984. He was born on 8 March 1962.

Other activities and functions
Mandates on boards of important corporations, organizations and foundations or interest groups: Robert Wolf is a member of the undergraduate executive board of Wharton School, of the athletics board of overseers of UPENN and of the Financial Services Round Table. Mr. Wolf is a member of the Council on Foreign Relations and of the committee encouraging corporate philanthropy. He is in the executive leadership council of the Multiple Myeloma Research Foundation, Norwalk, CT, and on the board of trustees of the Children's Aid Society, New York.

Address UBS AG Bahnhofstrasse 45 CH-8098 Zurich
Function(s) in UBS Group CEO Wealth Management Global
Nationality Swiss
Year of initial appointment 2009^1
1 Appointed on 10 February 2009.

Other activities and functions
Juerg Zeltner was appointed CEO Wealth Management Global and became a member of the GEB in February 2009. In November 2007, he was appointed Head of Wealth Management North, East & Central Europe and became a member of the Group Managing Board in the same year. From 2005 to 2008, he was CEO of UBS Deutschland AG, Frankfurt and became CEO of all UBS business in Benelux, Germany and Central Europe in 2007. Prior to that, he held various management positions in the Private Banking Division of UBS. Between 1987 and 1998, Juerg Zeltner was with SBC in various roles within the Private and Corporate Client Division in Bern, New York and Zurich. He graduated from the School of Economics and Business Administration in Bern and completed the Advanced Management Program at Harvard Business School. He was born on 4 May 1967.