UBS Hires William Newby as Managing Director and Head of Americas Gaming and Leisure Investment Banking

UBS Investment Bank today announced that William Newby has joined its Investment Banking Department (IBD) as a Managing Director and Head of Americas Gaming and Leisure coverage in the Real Estate Investment Banking group. He is based in Los Angeles and reports to Jackson Hsieh, Global Head of Real Estate Investment Banking.

Newby, 51, joins from Bank of America, where he served as senior client manager for Banc of America Securities’ Gaming and Leisure Group. At Bank of America, Newby was responsible for setting up and building the gaming banking franchise into a leading gaming industry banking group. Prior to joining Bank of America, Newby was a Vice President with the National Westminster Bank USA in Los Angeles.

“Despite the downturn in the economy, deal activity, including capital raising, M&A and restructurings, is still robust in the gaming and leisure sector. We have a strong pipeline in this sector, which we expect will continue to grow,” said Hsieh. “Bill’s experience and qualification are unparalleled in the industry. We couldn’t be happier to welcome him to UBS and the Real Estate team.”

Newby also served for eight years on the board of directors for the American Gaming Association, the gaming industry’s senior peer council, together with 15 CEOs from the most prominent gaming and gaming supply companies in the sector. He was the only board member from the financial community.

Newby graduated magna cum laude with a Bachelor of Arts degree from the University of California at Los Angeles. He also received his MBA from UCLA’s Graduate School of Management (now the Anderson School).


About UBS

UBS is one of the world’s leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.

UBS is the leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 38% of its employees working in the Americas, 33% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 75,000 people around the world. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).


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Doug Morris
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New York , June 8, 2009

UBS