Investor releases


UBS appoints Andre Esteves Global Head of Fixed Income

New York and London | | Investor Releases

UBS announced today that Andre Esteves has been appointed Global Head of Fixed Income for UBS Investment Bank. Esteves, most recently Chairman and CEO of the firm's Latin American business, UBS Pactual, will relocate from Brazil to London. In his new role, he will be responsible for overseeing the full suite of fixed income products across all regions. Esteves will continue to report to Huw Jenkins, Chairman and CEO of UBS Investment Bank. Esteves is a member of the UBS Group Managing Board.

Contact:

Rohini Pragasam

+1-212-882-5690

Doug Morris

+1-212-882-5694

Rowan Staines

+44-20 7568 2910

Serge Steiner

+ 41-44-234 85 00

"We have a clear growth strategy for our Fixed Income business," said Jenkins. "Andre brings strong execution and risk management skills to the role, in addition to his Emerging Markets experience and track record building a highly successful business. Under his leadership, with a renewed focus on swift implementation, I am confident we can achieve the ambitious step change in market position we are striving for."

Esteves will remain responsible for Latin America, continuing to leverage his client expertise and market knowledge in support of the firm's growth agenda across the region.

Esteves was the Managing Partner of Banco Pactual, which since its establishment in 1989 grew to be the leading independent investment bank in Brazil. Banco Pactual was acquired by UBS in 2006, in a transaction which significantly transformed UBS's Latin American operations. At Banco Pactual, Esteves held senior positions including Head of Fixed Income and was the Managing Partner and Member of the Executive Committee. He holds a BSc in Computer Science from the Federal University of Rio de Janeiro.