Latest media releases - Global home

Junya Nishiwaki Joins UBS as Head of Japan Corporate Client Solutions

2013-06-14T13:00:00.000+08:00

UBS voted number one Pan European Equity House for tenth consecutive year

2013-06-10T16:30:00.000+02:00

UBS Optimus Foundation plans to raise 65 million Swiss francs to improve nutrition for children

2013-06-10T12:15:00.000+02:00

UBS Optimus Foundation is partnering with government and private donors in a major new global initiative to put nutrition at the centre of the development agenda. The Foundation plans to raise 65 million Swiss francs for these efforts over the next eight years. This significant scale-up will dramatically improve children's nutrition, reduce stunting, and help prevent death from under-nutrition.

UBS declares coupon payments on four monthly pay ETRACS Exchange-Traded Notes

2013-06-06T10:00:00.000-04:00

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index
MORL: linked to the Market Vectors Global Mortgage REITs Index

UBS SME barometer: Sluggish recovery for industrial companies

2013-06-06T09:00:00.000+02:00

Survey results continue to indicate slow recovery in industry. Large companies have the lead here. The service sector shows a more differentiated picture.

UBS consumption indicator: significant boost to consumer sentiment

2013-05-29T08:00:00.000+02:00

UBS Global Asset Management listet einen neuen ETF auf den Rohstoffindex UBS Bloomberg CMCI an der Deutschen Börse XETRA

2013-05-24T11:52:04.000+02:00

ETRACS declares quarterly coupon payment on Exchange-Traded Note: AMU

2013-05-21T10:00:00.000-04:00

New York, May 21, 2013 – UBS Investment Bank today announced a coupon payment for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”). The relevant coupon information is provided in the table below:

UBS Announces Redemption of Seven ETRACS ETNs

2013-05-20T13:17:00.000-04:00

New York, NY May 20, 2013 – UBS AG announced today that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the “Affected Securities”):

UBS appoints Sylvia Brasil Coutinho as CEO of UBS Group Brazil

2013-05-20T08:30:00.000-04:00

Appointment furthers UBS strategy and strengthens business in Brazil

UBS Americas Hosts Revitalizing America: A Presidential Conversation on the Nation’s Economic Recovery with President Bill Clinton and President George W. Bush in San Francisco

2013-05-10T11:00:00.000-04:00

UBS Community Affairs Announces New Strategic Partnerships with Venture for America and American Corporate Partners in Support of Veterans and Entrepreneurs

UBS declares coupon payments on four monthly pay ETRACS Exchange-Traded Notes

2013-05-07T10:00:00.000-04:00

- RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index

- DVYL: linked to the Dow Jones U.S. Select Dividend Index

- SDYL: linked to the S&P High Yield Dividend Aristocrats Index

- MORL: linked to the Market Vectors Global Mortgage REITs Index

UBS Swiss Real Estate Bubble Index displays moderate risk increase

2013-05-03T08:00:00.000+02:00

Results of the Annual General Meeting of UBS AG

2013-05-02T18:00:00.000+02:00

At the Annual General Meeting held on May 2, 2013, UBS's shareholders confirmed in their offices those members of the Board of Directors who had stood for re-election, and voted Reto Francioni onto the Board for the first time. 2'501 shareholders attended the General Meeting, representing 1'809'082'901 votes.

UBS Global Asset Management appoints Trevor Cooke as Head of Global Real Estate for Asia Pacific

2013-05-02T11:13:00.000+02:00

UBS's first-quarter 2013 result

2013-04-30T06:45:00.000+02:00

UBS to report first-quarter 2013 results on 30 April 2013

2013-04-24T11:00:00.000+02:00

UBS consumption indicator: offsetting indicators prompt sideways shuffle

2013-04-24T08:00:00.000+02:00

Eric Byrne appointed head of real estate multi-manager platform

2013-04-22T11:00:00.000+02:00

UBS Investor Watch finds confidence improves as investors redefine risk

2013-04-18T15:30:00.000+02:00

Report also finds long-term care trumps retirement as top concern for investors of all ages

UBS Outlook Switzerland: Switzerland – a world leader in location competitiveness

2013-04-18T09:15:00.000+02:00

Changes to UBS's Investment Bank senior management

2013-04-16T10:00:00.000+02:00

UBS appoints Oliver Bussmann as Group Chief Information Officer

2013-04-12T15:55:00.000+02:00

UBS declares coupon payments on ten ETRACS Exchange-Traded Notes

2013-04-04T10:00:00.000-04:00

MLPI: linked to the Alerian MLP Infrastructure Index

MLPL: linked to the Alerian MLP Infrastructure Index

MLPG: linked to the Alerian Natural Gas MLP Index

MLPW: linked to the Wells Fargo Master Limited Partnership Index

BDCS: linked to the Wells Fargo Business Development Company Index

BDCL: linked to the Wells Fargo Business Development Company Index

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index

DVYL: linked to the Dow Jones U.S. Select Dividend Index

SDYL: linked to the S&P High Yield Dividend Aristocrats Index

MORL: linked to the Market Vectors Global Mortgage REITs Index

Agenda for the Annual General Meeting of UBS AG on 2 May 2013

2013-04-02T07:00:00.000+02:00

UBS consumption indicator: Consumer sentiment thawing

2013-03-27T08:00:00.000+01:00

UBS unveils new Grid Girl chic look and exquisite trophy design for 2013 FORMULA 1 UBS CHINESE GRAND PRIX Countdown to the 10th Chinese Grand Prix begins!

2013-03-26T09:00:00.000+08:00

UBS rewards clients’ sustainable energy-saving measures

2013-03-21T15:00:00.000+01:00

Mark Yallop, UK Group Country CEO

2013-03-15T10:45:00.000+01:00

UBS publishes Annual Report 2012

2013-03-14T07:00:00.000+01:00

Changes to the UBS Board of Directors

2013-03-12T07:00:00.000+01:00

Zug is the most competitive canton in Switzerland

2013-03-07T08:00:00.000+01:00

UBS declares coupon payments on four monthly pay ETRACS Exchange-Traded Notes

2013-03-06T10:00:00.000-05:00

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index

DVYL: linked to the Dow Jones U.S. Select Dividend Index

SDYL: linked to the S&P High Yield Dividend Aristocrats Index

MORL: linked to the Market Vectors Global Mortgage REITs Index

UBS SME barometer: Economic situation of architecture and engineering firms improves further

2013-03-06T09:00:00.000+01:00

UBS consumption indicator: Consumer sentiment subdued to start the year

2013-02-27T08:00:00.000+01:00

UBS declares quarterly coupon payment on Exchange-Traded Note: AMU

2013-02-25T10:00:00.000-05:00

New York, February 25, 2013 – UBS Investment Bank today announced a coupon payment for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”). The relevant coupon information is provided in the table below:

UBS completes acquisition of Link Investimentos in Brazil

2013-02-25T09:00:00.000-05:00

Leading local financial services firm is foundation for UBS Brasil expansion as they look to strengthen wealth management and onshore investment banking services.

UBS wins prestigious Euromoney Award

2013-02-22T09:20:00.000+01:00

Australian ETF market poised to ‘smarten’

2013-02-21T07:00:00.000+01:00

UBS Global Asset Management forecasts that the increasing popularity of ‘smart beta’ ETFs and the rising acceptance of these funds by SMSF and financial advisors will result in significant growth of these products in Australia this year.

ME Bank and UBS announce high-interest cash account service for super fund members

2013-02-12T12:00:00.000+01:00

ME Bank and UBS Australia (UBS) today announce an alliance that will make available a high-interest cash account service on UBS’s direct investment platform for superannuation funds.

UBS Global Asset Management lists three Exchange Traded Funds (ETFs) tracking commodities indices on the LSE

2013-02-08T14:00:00.000+01:00

UBS declares coupon payments on four monthly pay ETRACS Exchange-Traded Notes

2013-02-06T10:00:00.000-05:00

- RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index

- DVYL: linked to the Dow Jones U.S. Select Dividend Index

- SDYL: linked to the S&P High Yield Dividend Aristocrats Index

- MORL: linked to the Market Vectors Global Mortgage REITs Index

UBS to buy back outstanding bonds in public tender offers

2013-02-05T06:50:00.000+01:00

UBS's fourth-quarter 2012 results

2013-02-05T06:45:00.000+01:00

UBS Real Estate Bubble Index: UBS Swiss Real Estate Bubble Index drifts ever further into the risk zone

2013-02-04T08:00:00.000+01:00

UBS Outlook Switzerland: Upbeat into 2013 despite downside risks

2013-01-31T08:00:00.000+01:00

UBS consumption indicator: Consumer sentiment brightens somewhat in December

2013-01-30T08:00:00.000+01:00

UBS to report fourth-quarter 2012 results on 5 February 2013

2013-01-29T09:00:00.000+01:00

UBS-CLOVA is the best performing unlisted real estate fund in calendar year 2012

2013-01-25T08:00:00.000+01:00

Swiss real estate – Interest rates still driving the market

2013-01-23T09:15:00.000+01:00

UBS Clean Energy Infrastructure Switzerland – the first investment solution for renewable energies and energy infrastructure in Switzerland launches with approximately CHF 250 million

2013-01-16T10:00:00.000+01:00

UBS (China) Limited officially opens

2013-01-16T09:00:00.000+08:00

UBS declares coupon payments on eleven ETRACS Exchange-Traded Notes

2013-01-07T10:00:00.000-05:00

MLPI: linked to the Alerian MLP Infrastructure Index

MLPL: linked to the Alerian MLP Infrastructure Index

MLPG: linked to the Alerian Natural Gas MLP Index

MLPW: linked to the Wells Fargo Master Limited Partnership Index

BDCS: linked to the Wells Fargo Business Development Company Index

BDCL: linked to the Wells Fargo Business Development Company Index

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index

DVYL: linked to the Dow Jones U.S. Select Dividend Index

SDYL: linked to the S&P High Yield Dividend Aristocrats Index

MORL: linked to the Market Vectors Global Mortgage REITs Index

ONN: linked to the Fisher-Gartman Risk Index

UBS consumption indicator: Consumer mood clouds slightly in November

2012-12-27T08:00:00.000+01:00

UBS AG, UBS Japan Securities authorize agreements regarding interest rate investigations

2012-12-19T16:00:00.000+08:00

UBS Board of Directors authorizes settlements of LIBOR-related claims with US and UK authorities; Swiss regulator to issue order

2012-12-19T07:00:00.000+01:00

CIO Year Ahead: Positioning portfolios for 2013

2012-12-12T09:15:00.000+01:00

UBS appoints James B. Broderick as CEO Wealth Management UK & Jersey

2012-12-11T15:00:00.000+01:00

UBS declare coupon payments on four monthly pay ETRACS Exchange-Traded Notes

2012-12-06T10:00:00.000-05:00

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index
MORL: linked to the Market Vectors Global Mortgage REITs Index

UBS SME barometer: Divergent economic circumstances for SMEs and large companies

2012-12-06T09:00:00.000+01:00

UBS appoints Hubertus Kuelps as Group Head of Communications

2012-12-05T11:00:00.000+01:00

UBS raises salaries for employees

2012-12-03T14:30:00.000+01:00

UBS consumption indicator: sentiment worse than actual situation

2012-11-27T08:00:00.000+01:00

New Global Real Estate and COO appointments at UBS Global Asset Management

2012-11-26T14:30:00.000+01:00

UBS declares quarterly coupon payment on exchange traded note: AMU

2012-11-21T10:00:00.000-05:00

New York, November 21, 2012 – UBS Investment Bank today announced a coupon payment for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”). The relevant coupon information is provided in the table below:

UBS announces execution of supplemental indenture regarding Exchange Traded Note linked to the UBS Bloomberg constant maturity commodity index total return due 2038:UCI

2012-11-20T10:00:00.000-05:00

New York, November 19, 2012– – UBS AG announced today that it has executed a supplemental indenture (the “Supplemental Indenture”) with U.S. Bank Trust National Association, as Trustee, pursuant to the terms of the consent solicitation (the “Consent Solicitation”) for its Exchange Traded Access Securities (ETRACS) linked to the UBS Bloomberg Constant Maturity Commodity Index Total Return due 2038, CUSIP No. 902641778 (the “Securities”) launched on October 16, 2012.

UBS earns a 100% score in the Human Rights Campaign’s Corporate Equality Index and is named one of the best places to work for LGBT equality

2012-11-19T08:00:00.000-05:00

For the sixth consecutive year, UBS has earned top marks from the Human Rights Campaign’s (HRC) Corporate Equality Index (CEI) which measures corporate policies and practices related to lesbian, gay, bisexual and transgender (LGBT) employees. This year marks the eighth time in the past eleven years that UBS earned a perfect rating in the annual report, and designation by HRC as one of the best places to work for LGBT employees.

UBS Commits $1.2 Million to Hurricane Sandy Rebuilding and Relief Efforts

2012-11-15T16:18:00.000-05:00

In response to the devastation caused by Hurricane Sandy, UBS today announced that it is committing more than $1.2 million in total financial contributions to aid in long-term relief and rebuilding efforts. This underscores the importance that community affairs efforts have in the firm’s overall strategy.

UBS outlook Switzerland: How soon will the population break the 10-million barrier?

2012-11-08T08:00:00.000+01:00

UBS announces effective time for consent solictiation regarding exchange traded note linked to the UBS Bloomberg constant maturity commodity index total retrun due 2038:UCI

2012-11-07T06:00:00.000-05:00

New York, November 7, 2012– UBS AG (“UBS”) announced today that, pursuant to the terms of the consent solicitation (the “Consent Solicitation”) for its Exchange Traded Access Securities (ETRACS) linked to the UBS Bloomberg Constant Maturity Commodity Index Total Return due 2038, CUSIP No. 902641778 (the “Securities”) launched on October 16, 2012, it has declared 5:00, p.m., New York City time, on November 7, 2012 to be the “Effective Time” (as that term is defined in the Consent Solicitation Statement, dated October 16, 2012, related to the Consent Solicitation).

UBS European Conference returns to London after a successful first year

2012-11-06T10:00:00.000+01:00

UBS declares coupon payments on four monthly pay ETRACS exchange traded notes

2012-11-05T10:00:00.000-05:00

- RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index

- DVYL: linked to the Dow Jones U.S. Select Dividend Index

- SDYL: linked to the S&P High Yield Dividend Aristocrats Index

- MORL: linked to the Market Vectors Global Mortgage REITs Index

UBS Real Estate Bubble Index: market in the risk zone

2012-11-05T08:00:00.000+01:00

UBS announces strategic acceleration from a position of strength

2012-10-30T06:46:00.000+01:00

UBS reinforces commitment to deliver more sustainable and attractive returns; significantly reshaping its Investment Bank
Group Basel III RWAs¹ targeted to be reduced further to below CHF 200 billion by end 2017; Investment Bank will operate with Basel III RWAs of less than CHF 70 billion effective 1.1.13
Group-wide efficiencies targeting incremental CHF 3.4 billion annual cost savings with total savings of CHF 5.4 billion by 2015; UBS investing CHF 1.5 billion across all of its business divisions
With immediate effect, Andrea Orcel to lead the Investment Bank; Carsten Kengeter to step down from Group Executive Board and lead management of exited Investment Bank businesses and positions

UBS's third-quarter 2012 results

2012-10-30T06:45:00.000+01:00

Consumption recovers slightly in September

2012-10-30T06:30:00.000+01:00

UBS Compensation Survey: Wages expected to rise by around 0.8 percent in 2013

2012-10-26T11:00:00.000+02:00

UBS Investor Watch survey shows US investor optimism up 14 %; private clients ready to invest in markets and spend on experiences

2012-10-18T14:31:00.000-04:00

New York, NY, – UBS Wealth Management Americas today launched its Investor Watch report, a new quarterly survey of US private clients’ investment decisions and primary concerns as the nation approaches the Nov. 6 election. The first Investor Watch shows individual investors’ optimism returning, their flight to cash receding and their intentions to reinvest in financial markets and spend on experiences.

UBS launches ETN with high monthly income potential and leveraged exposure to mortgage REITs

2012-10-17T10:00:00.000-04:00

UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for the ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL).

UBS announces consent solicitation regarding Exchange Traded Note linked to the UBS Bloomberg Constant Maturity Commodity Index Total Return 2038:UCI

2012-10-16T10:00:00.000-04:00

UBS AG announced today that it has launched a consent solicitation (the “Consent Solicitation”) for its Exchange Traded Access Securities (ETRACS) linked to the UBS Bloomberg Constant Maturity Commodity Index Total Return due 2038, CUSIP No. 902641778 (the “Securities”).

UBS declares coupon payments on nine ETRACS Exchange Traded Notes

2012-10-04T10:00:00.000-04:00

MLPI: linked to the Alerian MLP Infrastructure Index
MLPL: linked to the Alerian MLP Infrastructure Index
MLPG: linked to the Alerian Natural Gas MLP Index
MLPW: linked to the Wells Fargo Master Limited Partnership Index
BDCS: linked to the Wells Fargo Business Development Company Index
BDCL: linked to the Wells Fargo Business Development Company Index
RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index

UBS research focus: Emerging market currencies: The case for an underappreciated asset class

2012-10-03T08:00:00.000+02:00

Zenji Nakamura Appointed Japan Country Head

2012-10-01T09:00:00.000+08:00

UBS to host Q-Series® Conference

2012-09-27T10:00:00.000-04:00

Inflection Points Towards Sustainability: October 3 event brings unique thought leadership from around the world to clients and companies

UBS SME barometer: Large companies are more resilient in the current economic environment

2012-09-27T09:00:00.000+02:00

Weak August

2012-09-25T08:00:00.000+02:00

Howard Meaney appointed as the new Portfolio Manager for UBS Triton Property Fund

2012-09-18T13:30:00.000+02:00

UBS Prices and earnings 2012: Highest net wages in Zurich, Geneva and Luxembourg

2012-09-14T09:00:00.000+02:00

UBS outlook Switzerland: Weak euro, not strong franc

2012-09-12T08:00:00.000+02:00

UBS declares coupon payments on three monthly pay ETRACS Exchange Traded Notes

2012-09-05T10:00:00.000-04:00

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index

UBS announces redemption of ETRACS Long S&P 500 VIX Futures ETNs and ETRACS Daily Short S&P500 VIX Futures ETNs

2012-08-31T12:00:00.000-04:00

New York, NY (August 31, 2012), 12:00 p.m. ETD. – UBS AG announced today that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the “Affected Securities”):

New head of Corporate Communications for UBS Switzerland appointed

2012-08-30T17:10:00.000+02:00

SBB communications head Stefan Nünlist to be new head of Corporate Communications at UBS Switzerland

UBS announces reverse split of UBS Next Generation Internet Index Exchange Traded Note: EIPL

2012-08-28T11:45:00.000-04:00

UBS AG announced today that it will implement a 1-for-4 reverse split of its ETRACS Monthly 2xLeveraged Next Generation Internet ETN due July 19, 2041 (the “Note”) effective September 12, 2012.

Stable consumption thanks to retail sales

2012-08-28T08:00:00.000+02:00

The UBS consumption indicator fell slightly in July. The rise in retail business compensated for the drop in new car registrations to some extent.

UBS declares quarterly coupon payment on exchange traded note: AMU

2012-08-21T10:00:00.000-04:00

New York, August 21, 2012 – UBS Investment Bank today announced a coupon payment for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”).

UBS launches “Quant HQ”: Solutions for systematic traders

2012-08-20T11:30:00.000-04:00

Comprehensive global services area organized to serve quantitative trading
clients
Offers range of á la carte services combining human insight and expertise
with cutting-edge technology
Solutions span enterprise consulting, capital formation, market connectivity,
co-location, risk management, trade execution and clearing

UBS declares coupon payments on three monthly pay ETRACS Exchange Traded Notes

2012-08-06T10:00:00.000-04:00

RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index

UBS Real Estate Bubble Index: market cooling off but not reversing

2012-08-03T08:00:00.000+02:00

UBS consumption indicator: steep rise in June

2012-07-31T08:00:00.000+02:00

UBS's second quarter 2012 results

2012-07-31T06:45:00.000+02:00

ETRACS adds Alerian MLP Index ETN to its suite of MLP-related ETNs

2012-07-18T10:00:00.000-04:00

New York, July 18, 2012 – UBS announced that today is the first day of trading on the NYSE Arca for the ETRACS Alerian MLP Index ETN (NYSE: AMU) linked to the Alerian MLP Index (the “Index”).

UBS declares coupon payments on nine ETRACS Exchange Traded Notes

2012-07-06T10:00:00.000-04:00

MLPI: linked to the Alerian MLP Infrastructure Index
MLPL: linked to the Alerian MLP Infrastructure Index
MLPG: linked to the Alerian Natural Gas MLP Index
MLPW: linked to the Wells Fargo Master Limited Partnership Index
BDCS: linked to the Wells Fargo Business Development Company Index
BDCL: linked to the Wells Fargo Business Development Company Index
RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index

UBS named "Best Bank in Switzerland" by Euromoney

2012-07-06T10:30:00.000+02:00

US Pension Fund Fitness Tracker: Funded statuses decline sharply in second quarter of 2012

2012-07-03T12:30:00.000-04:00

UBS lists extensive range of ETFs on the London Stock Exchange

2012-07-02T15:07:20.000+02:00

UBS Global Asset Management: Fate of Eurozone Dominates Cyclical Market Forum

2012-06-26T09:00:00.000+02:00

UBS consumption indicator: Consumer sentiment worsens in May

2012-06-26T08:00:00.000+02:00

UBS SME barometer: The gloomy month of May

2012-06-21T09:00:00.000+02:00

After six months of recovery, the economic situation deteriorated ubSin May for both SMEs and large companies. In the manufacturing sector, SMEs were only marginally above the level for last November. By contrast, large companies were still way above the November 2011 level, since their previous recovery was stronger. The difference between the two business groups was less distinct in the service sector.

UBS declares monthly coupon payment on RWXL ETN

2012-06-13T10:00:00.000-04:00

New York, June 13, 2012 – UBS Investment Bank announces coupon payment for the ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (Ticker: RWXL), which is linked to The Dow Jones Global ex-U.S. Select Real Estate Securities Index (the “Index”).

UBS tops European equity rankings for twelfth successive year

2012-06-12T17:40:00.000+02:00

UBS recognized as the leading European equity house in the Thomson Reuters Extel Survey

UBS Launches Elevating Entrepreneurs in Chicago Metropolitan Area

2012-06-07T09:00:00.000-04:00

Small business owners to receive six months of pro bono strategic financial and business advice; UBS provides $5 million for small business loans in the Chicago area

Higher growth in Switzerland

2012-06-07T08:00:00.000+02:00

Switzerland has got past the low point of the economic cycle. The economy has accelerated substantially in the past two quarters. The Swiss labor market is in good shape. These are the conclusions drawn by the economists at UBS CIO Wealth Management Research in the latest edition of UBS outlook Switzerland.

UBS Wealth Management Americas and Mayor Antonio Villaraigosa’s Office of Economic and Business Policy Launch Elevating Entrepreneurs in Los Angeles Metropolitan Area

2012-05-30T17:15:00.000-04:00

Small business owners to receive six months of pro bono strategic financial and business advice

UBS provides $10 million for small business loans in the LA metropolitan area

Continued upward trend in April

2012-05-29T08:00:00.000+02:00

UBS expands suite of income yielding products with 2 ETRACS ETNS designed to deliver high monthly income potential and leveraged exposure to blue-chip dividend indexes

2012-05-23T10:00:00.000-04:00

New York, May 23^rd, 2012 – UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for 2 new ETRACS Exchange Traded Notes (“ETNs”) linked to the Dow Jones U.S. Select Dividend Index^SM and the

S&P High Yield Dividend Aristocrats Index:

ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN
Ticker: DVYL

ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN
Ticker: SDYL

UBS sets new standards with officially accredited certification for client advisors

2012-05-23T09:00:00.000+02:00

UBS declares monthly coupon payment on RWXL ETN

2012-05-09T10:00:00.000-04:00

UBS Investment Bank today announced a coupon payment for the ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (Ticker: RWXL), which is linked to The Dow Jones Global ex-U.S. Select Real Estate Securities Index.

Results of the Annual General Meeting of UBS AG

2012-05-03T18:00:00.000+02:00

UBS Real Estate Bubble Index is heading towards the risk zone

2012-05-03T08:00:00.000+02:00

The UBS Swiss Real Estate Bubble Index reached 0.95 index points in the first quarter of 2012, registering just below the risk zone. Given current trends, however, we expect the Real Estate Bubble Index to enter the risk zone in the present quarter. Saanen-Obersimmental, Unteres Baselbiet and Limmattal have joined the ranks of exposed regions.

UBS's first quarter 2012 results

2012-05-02T06:45:00.000+02:00

UBS launches ETRACS exchange traded note providing exposure across commodities and across their respective futures maturities

2012-04-26T10:00:00.000-04:00

ETRACS DJ-UBS Commodity Index 2-4-6 Blended Futures (Ticker: BLND) Is the first ETN linked to the second generation of the most widely followed commodities index

Is Switzerland heading for a consumption boom?

2012-04-24T08:00:00.000+02:00

UBS launches App for IPad® for creating client algorithms:"UBS Quant on Demand Studio"

2012-04-19T11:00:00.000-04:00

-First offering from ‘UBS Quant on Demand’ Execution Consulting Platform

“UBS Quant on Demand Studio” is a rapid algorithmic design tool delivered on iPad® App
Innovative, cutting-edge trading technology enables clients to design unique, advanced algorithms that can be deployed quickly
Available in major markets worldwide, all strategies are tailored to local market structure and tested for execution quality by quantitative strategists
“UBS Quant on Demand Studio” is the first product within a new UBS execution consulting framework called UBS Quant on Demand, which uses advanced technology to make quantitative capabilities scalable and available for clients

UBS launches education initiative to mark its 150th anniversary

2012-04-19T08:00:00.000+02:00

UBS is marking its 150th anniversary with the launch of a broad-based international education initiative. Its main focus will be the establishment of the UBS International Center of Economics in Society at the University of Zurich. Five additional fields of education will be supported through the funding of projects for different age groups with the goal of strengthening Switzerland's reputation as a location for education and business.

UBS Wealth Management Americas Publishes “Political Transition: Risks Beyond Elections,” Volume II in its Election Watch 2012 Series, at Chicago exclusive client event

2012-04-17T19:30:00.000-04:00

Robert J. McCann, Chief Executive Officer of UBS Wealth Management Americas (WMA), hosted an exclusive client event in Chicago as part of WMA’s ongoing Revitalizing America Initiative, which aims to forge common ground and discuss nonpartisan ways to revitalize the U.S. economy.

UBS announces monthly changes to the UBS Next Generation Internet Index

2012-04-11T10:00:00.000-04:00

UBS Investment Bank announced today that following the close of business on April 3, 2012, the following changes to the UBS Next Generation Internet Index (NYSE ticker symbol “NETIPO”) were implemented.

UBS declares coupon payments on seven ETRACS exchange traded notes

2012-04-09T17:45:00.000-04:00

Three linked to ALERIAN MLP INDEXES
One linked to the WELLS FARGO MLP INDEX
Two linked to the WELLS FARGO BUSINESS DEVELOPMENT COMPANY INDEX
One linked to the DOW JONES GLOBAL EX-U.S. SELECT REAL ESTATE SECURITIES INDEX

Agenda for the Annual General Meeting of UBS AG on 3 May 2012

2012-03-29T07:00:00.000+02:00

UBS consumption indicator sluggish

2012-03-27T08:00:00.000+02:00

UBS announces changes to the Group Executive Board

2012-03-22T18:00:00.000+01:00

UBS Launches ETN With High Monthly Income Potential And Leveraged Exposure To International Real Estate Securities

2012-03-21T15:00:00.000+01:00

UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for the ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN (Ticker: RWXL). RWXL is linked to the monthly compounded 2x leveraged performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the “Index”), reduced by investor fees.

UBS publishes Annual Report 2011

2012-03-15T07:00:00.000+01:00

UBS Wealth Management Americas launches the Wealth Management Research Advisory Board

2012-03-13T11:53:01.000-04:00

UBS Wealth Management Americas and its dedicated research arm, Wealth Management Research (WMR), today announced the creation of the Research Advisory Board.

UBS launches the Cantonal Competitiveness Indicator

2012-03-01T09:00:00.000+01:00

Swiss cantons differ in their economic competitiveness. Zurich, Basel-Stadt and Zug occupy the podium places in 2012, according to the latest analysis from UBS Wealth Management Research.

UBS Launches Algorithmic Client Trading Strategy for Illiquid Securities

2012-02-29T05:00:00.000-05:00

UBS today announced the global launch of a new algorithmic trading strategy called “UBS Swoop,” a specifically designed trading strategy product to support clients on discontinuous liquidity and hard-to-trade or low-volume securities.

UBS SME barometer: Pessimistic start to the new year for SMEs

2012-02-29T09:00:00.000+01:00

Having already cooled off at the start of 2011, the business climate continued to deteriorate in the fourth quarter of last year. Small and medium-sized enterprises (SMEs) overall, especially industrials, nevertheless rated their economic situation slightly better than large companies. For the new year SMEs anticipate further clouding of the business climate.

UBS consumption indicator: record-high new car registrations show that consumer sentiment is robust

2012-02-28T08:00:00.000+01:00

Having risen towards the end of the last year, the UBS consumption indicator remained practically unchanged in January. The undiminished high level of new car registrations shows that consumer sentiment is robust.

UBS announces the opening of wealth management office in Israel, combining domestic and global investments under one roof

2012-02-22T13:30:00.000+01:00

UBS launches USD 2 billion Basel III-compliant loss-absorbing notes

2012-02-22T07:00:00.000+01:00

UBS Wealth Management Americas (WMA) launches Election Watch 2012, with the first report in the series providing in depth analysis of the critical issues associated with the 2012 elections

2012-02-21T13:00:00.000-05:00

WMA Hosts Revitalizing America: A Presidential Conversation on the Nation’s Economic Recovery with William J. Clinton and George W. Bush

UBS outlook Switzerland 1st quarter 2012 - Robust domestic market helps avert a downturn

2012-02-15T08:00:00.000+01:00

Clinton Foundation and UBS Wealth Management Americas Celebrate Successful Conclusion of Small Business Advisory Program Pilot in New York City Metro Area

2012-02-13T08:00:00.000-05:00

Philanthropic Program provided pro bono strategic, financial and business mentorship to 10 small business owners

UBS Announces the Retirement of Senator Phil Gramm as Vice Chairman of the Investment Bank

2012-02-10T07:00:00.000+01:00

Senator Gramm to remain a consultant to the firm

UBS full-year pre-tax profit CHF 5.5 billion; wealth management businesses' full-year net new money CHF 35.6 billion; end-2011 Basel 2.5 tier 1 ratio 16.0%; dividend of CHF 0.10 to be proposed for 2011

2012-02-07T06:45:00.000+01:00

UBS ETRACS Expects to Add Facebook to its ETRACS Next Generation ETNs, EIPO and EIPL

2012-02-06T10:00:00.000-05:00

UBS Investment Bank announced today that it expects its two ETRACS Next Generation Internet ETNs, EIPO and EIPL, to begin tracking the performance of Facebook Inc. shortly after its upcoming IPO. Based on the rules and methodology of the ETNs’ underlying index, Facebook is expected to become a component stock of both EIPO and EIPL shortly after its IPO.

UBS Real Estate Bubble Index: risk zone in reach

2012-02-03T08:00:00.000+01:00

The UBS Swiss Real Estate Bubble Index rose significantly to 0.80 in the fourth quarter of 2011. The index is thus edging closer to the risk zone. Basel-Stadt, Glattal-Furttal and Knonaueramt now also count as monitoring regions.

Changes to the UBS Board of Directors

2012-02-03T07:00:00.000+01:00

Beatrice Weder di Mauro and Isabelle Romy to be nominated for election to UBS Board of Directors at the Annual General Meeting on 3 May 2012
Bruno Gehrig will not stand for reelection to the UBS Board

UBS Launches Algorithmic Trading into Mexico

2012-01-31T10:00:00.000-05:00

Bolsa Mexicana de Valores Factsheet and Electronic Trading FAQs

UBS today announced the launch of algorithmic trading for international clients trading equities on Bolsa Mexicana de Valores in Mexico. The addition of algorithmic trading strategies enhances clients’ ability to access this major Latin American market center, and complements UBS’s existing Direct Market Access (DMA) offering in the country.
UBS is launching this offering in Mexico with a full suite of liquidity seeking, volume and price-sensitive strategies, including the award-winning UBS Tap. UBS clients can use these algorithmic trading strategies to efficiently interact with liquidity on Bolsa Mexicana, sending electronic orders directly to the exchange without passing through an intermediary.

In November 2010, UBS was the first international broker to launch DMA in Mexico, allowing clients to trade electronically directly on the exchange. UBS clients can now send both front-to-back DMA and algorithmic trading orders using most major execution management systems or order management systems, as well as the firm’s own UBS Pinpoint.

“Our experience offering DMA in this market has enabled us to tailor our trading strategies specifically to the market structure of Bolsa Mexicana, which means our international clients should have a seamless experience as they trade into Mexico” said Owain Self, Global Head of Algorithmic Trading at UBS.

“Offering an entire suite of algorithmic trading strategies for Mexico is another example of our commitment to a uniquely optimized Latin American offering,” said Damian Fraser, Head of Equities for Latin America. "Our clients have expressed great enthusiasm for even more sophisticated tools to access this growing, dynamic marketplace, and we are delighted to be able to meet those needs.”

UBS also provides DMA and algorithmic trading for international clients trading into Brazil, across the global emerging markets of Europe, Middle East, Africa and Asia, and over 90 markets and trading venues worldwide.

UBS Direct Execution is the firm’s global institutional electronic trading business. Direct Execution offers ultra-low latency Direct Market Access (DMA), a suite of award-winning advanced Algorithmic Trading strategies, a state-of-the-art analytics platform – offering Real-Time TCA – called UBS Fusion, and a multi-asset international execution management system called UBS Pinpoint.

Media Inquiries:

New York: Christiaan Brakman +1-212-882-5694

Follow us on Twitter at: www.ubs.com/twitteramericas

Notes to Editors

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

UBS consumption indicator: has it bottomed out?

2012-01-31T08:00:00.000+01:00

Swiss real estate – how long will the boom last?

2012-01-18T09:30:00.000+01:00

ETRACS TO RING THE OPENING BELL OF THE NEW YORK STOCK EXCHANGE

2012-01-18T09:00:00.000+01:00

UBS Wealth Management Research releases “The Decade Ahead: The Great Deleveraging”

2012-01-12T08:00:00.000+01:00

Updated report offers UBS clients investment strategies to address global deleveraging during “potentially disruptive time”

UBS declares coupon payments on seven ETRACS exchange traded notes

2012-01-05T10:45:00.000+01:00

US Pension Fund Fitness Tracker: Funding ratios improve during the Fourth Quarter of 2011

2012-01-05T08:00:00.000+01:00

UBS announces monthly changes to the UBS next generation internet index

2012-01-04T10:00:00.000+01:00

UBS Investment Bank announced today that following the close of business on January 3, 2012, the following changes were made to the UBS Next Generation Internet Index (NYSE ticker symbol “NETIPO”).

UBS consumption indicator: Down again in November

2011-12-27T08:00:00.000+01:00

The UBS consumption indicator fell by 0.09 points in November, propped up only by a sustained high level of new car registrations. UBS expects private consumption to pick up in 2012.

UBS raises salaries for employees

2011-12-14T11:30:00.000+01:00

UBS will increase the total payroll for its employees in Switzerland, up to and including middle management, by 0.7%.

M&A in a ‘holding pattern’ despite improving management readiness

2011-12-08T08:00:00.000+05:30

UBS named #1 Global Economist in the US by Bloomberg Markets

2011-12-07T07:00:00.000+01:00

On Thursday, December 1, Maury Harris, Chief Economist at UBS, and his team, including Sam Coffin, Kevin Cummins, and Drew Matus, were ranked the No. 1 economic forecasters in the United States by Bloomberg Markets annual ranking.

UBS kicks off 39th Annual Global Media & Communications Conference

2011-12-05T13:00:00.000+01:00

UBS SME barometer: Difficult economic environment

2011-12-01T09:00:00.000+01:00

In most industries, the economic downturn and the strong Swiss franc have affected small and medium-sized enterprises (SME) less than large companies. Nonetheless, SMEs will no longer be able to dodge the negative momentum in the third quarter. UBS WMR anticipates that economic growth in Switzerland will contract from 1.7 percent this year to 0.4 percent in the coming year due to the difficult economic environment.

UBS announces leadership changes

2011-12-01T07:00:00.000+01:00

UBS consumption indicator: Recovery continues

2011-11-29T10:00:00.000+01:00

In October, the UBS consumption indicator rose again by 0.09 points. A continuously high number of new vehicle registrations, benefitted by the present currency situation, is boosting the consumption indicator further.

Strong Swiss franc takes its toll

2011-11-23T07:00:00.000+01:00

UBS announces name changes to EIPO and EIPL ETNs and related index

2011-11-21T11:30:00.000+01:00

2011 Investor Day: UBS updates its strategy and capital plans; establishes new financial targets and announces its intention to introduce a progressive capital return program

2011-11-17T17:40:00.000+01:00

Senior leadership nominations at UBS

2011-11-15T06:45:00.000+01:00

UBS Securities Research initiate strategic outlook for 2012

2011-11-14T08:00:00.000+05:30

UBS Swiss Real Estate Bubble Index increases in the third quarter 2011

2011-11-03T08:00:00.000+01:00

The UBS Swiss Real Estate Bubble Index stands at 0.58 in the third quarter of 2011, which indicates a continuing boom on the real estate market. The MS-regions of Morges and Oberengadin have been newly added to the risk regions, and the regions of Unteres Baselbiet and Saanen-Obersimmental are now counted among the monitoring regions.

UBS salary survey: Wages expected to rise by 1 percent in 2012

2011-10-28T11:00:00.000+02:00

UBS is expecting base salaries in Switzerland to rise in this year's wage round by an average of 1.1 percent. This estimate is based on the latest UBS compensation survey.

UBS consumption indicator: stabilization at a low level

2011-10-25T08:00:00.000+02:00

After a sharp drop in summer, Swiss consumption stabilized in September.

UBS third-quarter pre-tax profit CHF 1 billion; wealth management businesses' net new money CHF 7.8 billion; BIS tier 1 capital ratio 18.4%

2011-10-25T06:45:00.000+02:00

UBS updates its 2010 financial controls assessment

2011-10-25T06:45:00.000+02:00

Leadership change in UBS Investment Bank’s Global Equities business

2011-10-05T18:45:00.000+02:00

Mike Stewart appointed global head of Equities

UBS expects to report a modest net profit for the Group and positive net new money in its wealth management businesses for the third quarter of 2011

2011-10-04T07:00:00.000+02:00

UBS consumption indicator: a distinct dip in August

2011-09-27T08:00:00.000+02:00

Poor business activity in the retail sector dragged the UBS consumption indicator down despite an increase in new car registrations. The strong franc dampened consumer willingness to spend, although it also increased the purchasing power of Swiss residents.

Leadership change at UBS

2011-09-24T12:00:00.000+02:00

UBS provides more detailed information on unauthorized trading

2011-09-18T16:00:00.000+02:00

UBS LAUNCHES TWO ISE SOLID STATE DRIVE™ INDEX EXCHANGE TRADED NOTES

2011-09-15T10:00:00.000+02:00

SIX ETRACS S&P 500 VIX FUTURES ETNS AND SIX ETRACS DAILY SHORT S&P 500 VIX FUTURES ETNS

UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for twelve new ETRACS Exchange Traded Notes (“ETNs”) linked to the daily performance of a particular index in the S&P 500 VIX Futures Index Series (each, an “Index” and collectively, the “Indices”). Investors now have the ability to trade, be it long or short, six specific VIX Index futures maturities, ranging from one month to six months.

Each of the six ETRACS S&P 500 VIX Futures ETNs (the “Long ETNs”) provides investors with a long exposure to one of six underlying Indices, depending on the series of ETNs purchased. Each of the six ETRACS Daily Short S&P 500 VIX Futures ETNs (the “Short ETNs”) provides investors with a short exposure to one of six underlying Indices. The tickers for the Long and Short ETNs, as well as their constant maturities, are provided below.

Media Release

2011-09-15T08:57:00.000+02:00

Zurich/Basel, 15 September 2011 - UBS has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The matter is still being investigated, but UBS's current estimate of the loss on the trades is in the range of USD 2 billion. It is possible that this could lead UBS to report a loss for the third quarter of 2011. No client positions were affected.

UBS launches twelve ETRACS exchange traded notes linked to the CBOE volatility (VIX) Index

2011-09-08T10:00:00.000+02:00

UBS lowers economic forecasts

2011-09-07T08:00:00.000+02:00

UBS announces changes to the UBS Internet IPO Index

2011-09-02T10:30:00.000+02:00

UBS Investment Bank announced today that following the close of business on September 6, 2011, the following changes to the UBS Internet IPO Index (NYSE ticker symbol “NETIPO”) will be implemented.

Index Additions: Carbonite Inc. (Ticker: CARB) and HomeAway Inc. (Ticker: AWAY)

and Index Deletions: Rackspace Hosting, Inc. (Ticker: RAX), SciQuest, Inc. (Ticker: SQI) and Responsys, Inc. (Ticker: MKTG)

About the UBS Internet IPO Index
The UBS Internet IPO Index (the “Index”) is intended to measure, on a total-return basis, the performance of a subset of Internet-related companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. The Index provides exposure specifically to those Internet-related companies that have been publicly traded for less than three years. The Index currently serves as the reference index for the ETRACS Internet IPO ETN (NYSE: EIPO) and the Monthly 2xLeveraged ETRACS Internet IPO ETN (NYSE: EIPL). Standard & Poor's Financial Services LLC serves as the calculation agent for the Index. The top 10 holdings in the Index, as of September 1, 2011, are as follows:

UBS consumption indicator: pessimistic mood despite solid figures

2011-08-30T08:00:00.000+02:00

The UBS consumption indicator fell by another 0.23 points: In July, it reached a level of 1.29 points, with the pessimistic mood of consumers and retailers contributing significantly to this decline.

UBS Wealth Management adds new faces to Yorkshire Office

2011-08-26T08:00:00.000+02:00

UBS today announced the addition of two new client advisor assistants to its wealth management service in Yorkshire.

Lisa Helliwell and Sunjeet Kalsi have extensive experience within the financial sector, working for household names and premier client banks.

These appointments represent further investment in the new Yorkshire service, building upon the area's strong potential for growth. The service offers high net worth individuals and trustees a complete range of tailored advice including UK and global investment services.

Lisa and Sunjeet will be key points of contact for clients, assisting UBS Wealth Management's advisors, Neil King, Claire Kerr, Karen Vardy and James Copeland.

Lisa has worked for the last decade in similar support positions with the Yorkshire operations of the Bank of Ireland, Anglo Irish and RBS.

Sunjeet moves to Yorkshire from London, where she has spent the last five years working in foreign exchange with Raphaels Bank, in Piccadilly.

Jonathan Brown, Head of the UK Regional Business said:-

I am delighted to welcome Lisa and Sunjeet, their existing knowledge and experience will enable us to provide a first class service to our clients and further strengthen the Yorkshire team.

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Landmark UBS-INSEAD study reveals changing face of Asian philanthropic giving

2011-08-23T08:00:00.000+02:00

Impact of the cost reductions in Switzerland

2011-08-23T07:27:00.000+02:00

UBS update on cost reduction plans

2011-08-23T07:00:00.000+02:00

UBS SME barometer: Situation of SMEs varies according to sector

2011-08-18T09:00:00.000+02:00

In the construction industry, in tourism and above all in the retail sector, SMEs fared better in the second quarter than large corporations. In industry, however, the opposite applies. Retail companies continue to struggle in a difficult business environment, with large companies forced to accept a massive worsening of their situation, particularly with regard to turnover and sales prices. Overall, falling prices present a persistent problem, regardless of company size.

UBS Swiss Real Estate Bubble Index virtually unchanged during the second quarter 2011

2011-08-03T08:00:00.000+02:00

The UBS Swiss Real Estate Bubble Index stands at 0.65 in the second quarter of 2011, which indicates a continuing boom on the real estate market. The selection of risk regions remains unchanged.

UBS Wealth Management Americas (WMA) Hosts Revitalizing America: A Presidential Conversation on the Nation’s Economic Recovery with William J. Clinton and George W. Bush

2011-08-01T21:00:00.000+02:00

UBS Wealth Management Americas National Survey of Investors Reveals 40% Won’t Put Money Back into Markets Until US Debt Ceiling Issue is Resolved

2011-07-28T17:55:00.000+02:00

UBS consumption indicator at its lowest level this year

2011-07-26T08:00:00.000+02:00

All components of the UBS consumption indicator were down in June.

UBS second-quarter profit before tax CHF 1.7 billion; Group net new money CHF 8.7 billion; tier 1 capital ratio 18.1%

2011-07-26T06:45:00.000+02:00

UBS MTF Launches Interoperability of Central Counterparties (CCPs)

2011-07-22T08:00:00.000+02:00

UBS MTF, the multilateral trading facility operated by UBS Limited, today announced the activation of EuroCCP to join SIX x-clear Ltd as clearing counterparties for cash equity trades executed on UBS MTF. Members of UBS MTF will now be able to choose between the two interoperating central counterparties (CCPs) when clearing and settling their trades in European cash equities.

The activation follows approval from UK and Swiss regulators for interoperability, an offering that UBS MTF sought to make available to its subscribers since its inception in November 2010.

UBS MTF was the first broker-operated MTF to feature a CCP model and will be among the first to offer full interoperability.

UBS ATS Begins Disclosing Monthly Volume And Performance Data

2011-07-21T10:00:00.000+02:00

UBS outlook Switzerland Q3 2011 - Economy grows despite record-high franc

2011-07-13T08:00:00.000+02:00

The strong franc has yet to impact the labor market. Most companies responding to UBS's quarterly survey plan to increase their headcount in the third quarter. The franc has also slowed exports, which continue growing and have exceeded pre-crisis levels.

US Pension Fund Fitness Tracker: Funding Ratios Slightly Decreased The Second Quarter of 2011

2011-07-08T10:30:00.000+02:00

The UBS Global Asset Management US Pension Fund Fitness Tracker, a quarterly indicator highlighting the underlying health and volatility of a typical US corporate defined benefit pension plan, found that the typical pension plan's funding ratio decreased by slightly less than 2% during the second quarter.

This result was primarily driven by two factors:
• Increased liability values resulted from a strong rally in US Treasury yields. This decrease in interest rates, which was only marginally offset by a widening of credit spreads, led to a lower corporate bond yield curve and pension discount rate.
• Performance was mixed across asset classes, with a slight increase in global equities and sizable increases in fixed income assets, leading to somewhat positive returns on pension assets.

Commenting on the results, Francois Pellerin, Head of Asset Liability Investment Solutions, said “For many sponsors, Q2's adverse performance has erased more than half of Q1's funded status improvements. Although funded positions are still well ahead of where they were at this time last year, sponsors who have adopted a pension risk management framework have experienced higher funded status protection during Q2.”

Exhibit 1: Decreased funding ratio driven by increases in liabilities and flat return in assets

US Pension Fund Fitness Tracker of the typical US corporate plan's funding ratio

UBS declares quarterly coupon on six ETRACS exchange traded notes

2011-07-07T10:00:00.000+02:00

THREE LINKED TO ALERIAN MLP INDEXES
ONE LINKED TO WELLS FARGO MLP INDEX
TWO LINKED TO WELLS FARGO BUSINESS DEVELOPMENT COMPANY INDEXES

UBS Investment Bank today announced the quarterly coupon amounts for six ETRACS exchange traded notes (ETRACS ETNs), all traded on the NYSE Arca. Three of the ETNs are linked to Alerian MLP Indexes – ETRACS Alerian MLP Infrastructure ETN (Ticker: MLPI), ETRACS 2x Monthly Leveraged Long Alerian MLP Infrastructure ETN (Ticker: MLPL) and ETRACS Alerian Natural Gas MLP Index ETN (Ticker: MLPG). One ETN is linked to the Wells Fargo MLP Index – ETRACS Wells Fargo MLP ETN (Ticker: MLPW). Two of the ETNs are linked to the Wells Fargo Business Development Company Indexes – ETRACS Wells Fargo Business Development Company ETN (Ticker: BDCS) and ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (Ticker: BDCL).

The table below summarizes the coupon amounts for the six notes:

Axel Weber to be nominated for election to UBS Board of Directors in 2012 and to be appointed Chairman in 2013

2011-07-01T07:00:00.000+02:00

Axel Weber to be nominated for election to UBS Board of Directors in 2012 and to be appointed Chairman in 2013

2011-07-01T05:56:00.000+02:00

At the Annual General Meeting on 3 May 2012, the Board of Directors will nominate Axel Weber for election to the Board. If elected, the Board will appoint him non-independent Vice- Chairman. In 2013 he will be nominated to succeed Kaspar Villiger as Chairman of the Board.

UBS launches extensive mobile banking services

2011-06-30T14:10:00.000+02:00

UBS clients who are on the go can now access information on their accounts and custody accounts, call up market information and use an iPhone App to perform tasks such as scanning in paying-in slips.

Clinton Foundation and UBS Wealth Management Americas Launch CEO-UBS Small Business Advisory Program

2011-06-30T10:00:00.000+02:00

UBS Global Asset Management increases scale and distribution in Australia

2011-06-30T07:00:00.000+02:00

UBS Global Asset Management increases scale and distribution in Australia UBS today announces it has entered into a binding agreement to acquire ING Investment Management (Australia) Limited (“ING IM”), subject to Dutch Central Bank approval. The acquisition of INGIM into UBS Global Asset Management is expected to close in the fourth quarter of 2011.

ING IM is one of the largest independent investment managers in Australia, managing substantial investment portfolios on behalf of ANZ, one of Australia's leading retail banks. The acquisition of ING IM will significantly increase UBS Global Asset Management's market presence in Australia and position the business in the country's top ten investment managers by size*.

In addition to the acquisition of ING IM, UBS Global Asset Management has entered into a broader business relationship with ANZ under which it will provide investment advisory services to ANZ. ANZ will continue to manage its distribution and client relationships associated with this business.

Ben Heap, Head of UBS Global Asset Management, Australia and New Zealand, said: “We are delighted with the ING IM acquisition and concurrent agreement with ANZ. The acquisition significantly increases the scale and distribution of our business while the agreement with ANZ provides a cornerstone relationship in the dynamic Australian retail market.

“UBS Global Asset Management has a long history of delivering domestic and international investment solutions to its institutional and retail clients. We look forward to extending our offering to both ANZ and ING IM's clients.”

The relationship with ANZ is intended to be long term, with the potential to be broadened in scope to leverage our strengths in investment management, research, asset allocation and advisory services.

* Source: Rainmaker based on data as at 31 December 2010

UBS consumption indicator at a high for the year

2011-06-28T08:00:00.000+02:00

In May the UBS consumption indicator reached a new high for the year due to booming car sales and improving retail business.

UBS hires John Dyment as global head of hedge fund distribution

2011-06-24T11:34:00.000+02:00

UBS appoints Antanas Petrosius as Deputy CEO for Russia and CIS and Head of Investment Banking for Russia and CIS

2011-06-17T14:40:00.000+02:00

UBS today announced the appointment of Antanas Petrosius as Deputy CEO for Russia and CIS and Head of Investment Banking for Russia and CIS. Based in Moscow and joining effective 1 August 2011, Petrosius will work closely with Nick Jordan, CEO for Russia and CIS, to drive the development of the UBS franchise in Russia and the CIS.

UBS announces two new exchange traded notes designed to take advantage of contango in the oil and natural gas markets

2011-06-16T10:00:00.000+02:00

ETRACS Natural Gas Futures Contango ETN (Ticker: GASZ)
ETRACS Oil Futures Contango ETN (Ticker: OILZ)

UBS Investment Bank today announced the launch of two new Exchange Traded Notes (“ETNs”) designed to take advantage of potential contango in the oil and natural gas markets, adding to its fast growing family of ETRACS – Exchange Traded Access Securities. The ETRACS Natural Gas Futures Contango ETN began trading today on the NYSE Arca under the ticker symbol GASZ. The ETRACS Oil Futures Contango ETN also began trading today on the NYSE Arca under the ticker symbol OILZ. These ETNs are designed to capitalize on contango in oil and natural gas futures markets, while minimizing the exposure to absolute changes in the underlying prices of these commodities.

“We have seen the effects of contango and negative roll yield on the returns of futures-based commodity exchange traded products,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “Now investors have the opportunity to take advantage of the term structure for each of these respective futures markets, without taking a directional view in the underlying commodity.”

ETRACS GASZ ETN is linked to the performance of the ISE Natural Gas Futures SpreadTM Index. This Index, through a series of investments in natural gas sub-indices, effectively provides short exposure in front month natural gas futures contracts and long exposure in far-term natural gas futures contracts.

ETRACS OILZ ETN is linked to the performance of the ISE Oil Futures SpreadTM Index. This Index, through a series of investments in oil sub-indices, effectively provides a 1x short exposure in front month oil futures contracts and a 1.5x long exposure in mid-term oil futures contracts.

About ETRACS

For further information about ETRACS ETNs go to http://www.etracs.com.

Exchange Traded Access Securities, ETRACS, are exchange-traded notes, or ETNs, an innovative class of investment products offering access to markets and strategies that may not be readily available to investors, and offer unique diversification opportunities in a number of different sectors. ETNs offer:

• Access to asset classes with historically low correlations to more traditional asset classes
• Convenience of an exchange-traded security
• Transparent exposure to a published index.

ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor's principal, and is subject to the creditworthiness of UBS. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the prospectus supplement for the ETRACS ETN.

There are 20 other ETRACS ETNs:

Delivering the vision: UBS tops European Equity Rankings

2011-06-08T15:00:00.000+02:00

UBS recognized as the leading European equity house in the Thomson Reuters Extel Survey.

UBS Consumption Indicator: Slight setback in consumer spending

2011-05-31T08:00:00.000+02:00

Although the UBS Consumption Indicator showed a slight decline in April, it still indicates moderate growth in consumption.

UBS launches Swiss Real Estate Bubble Index

2011-05-30T08:00:00.000+02:00

UBS Wealth Management Research Switzerland is now publishing UBS Swiss Real Estate Bubble Index every quarter. The index level in the first quarter of 2011 indicates that the Swiss residential real estate market is in a boom phase and not a bubble.

UBS announces new exchange traded note linked to 2X leveraged WELLS FARGO Business Development Company Index

2011-05-25T11:46:00.000+02:00

UBS appoints Thomas Langford global head of energy investment banking

2011-05-19T16:50:00.000+02:00

UBS Wealth Management Americas CEO McCann Launches Report: Revitalizing America: Forging a New Path toward Economic Prosperity

2011-05-04T16:37:00.000+02:00

UBS launches new options algorithms

2011-05-03T09:00:00.000+02:00

UBS Investment Bank announced today that it has launched a new suite of intuitive algorithms and tactical order types for trading US Listed Options. Its new offering will be an enhancement to the existing suite, enabling clients to more effectively manage orders and better navigate the rapidly evolving trading market.

This expanded offering builds on UBS's market expertise in US Listed Options. The bank was one of the first brokers to offer algorithmic trading strategies for options over three years ago. The offering is now being expanded to include an array of more nuanced liquidity and volume-sensitive order types. One addition is UBS Options TapNow, an urgent liquidity-seeking strategy that is a variation of the firm's award-winning cash equities algorithm, UBS Tap.

“In response to the significant increase in growth and sophistication of the market, as well as our clients' requests for more efficient ways to route their orders, we developed these new options algorithms,” said Owain Self, Global Head of Algorithmic Trading for UBS. “We are excited to expand our options offering to include a diverse array of new order types that will enhance our clients' trading performance.”

These algorithmic strategies and tactical order types are available on UBS's own Pinpoint execution management system, and are live and being deployed with over a dozen third party OMS and EMS platforms that already carry UBS US Listed Options algorithms.

The seven new order types include:

1. Options TapNow: Seeks to minimize market impact while intelligently seeking aggressive execution up to a limit price.
2. Options Premium Trigger: Allows you to place an options order that is relative to the price of the option premium, rather than the underlying security.
3. Options Float: Allows you to float your order in the market pegged to the passive side of the spread.
4. Options Hidden: Holds your order off the exchange until your desired price is available.
5. Sweep Display: Aggressively sweeps at the market until the order is filled or no longer available, posting on multiple markets simultaneously.
6. Sweep No Display: Aggressively sweeps at the market until filled or no longer available. Unmarketable orders are held back until the displayed price is in your limit.
7. Sweep IOC: Executes a wave of immediate or cancel orders across multiple markets simultaneously, cancelling any residual unfilled shares.

UBS's existing suite of Direct Market Access order types and algorithms, including Options TWAP and Options Delta Adjust, will continue to be available, as well.

Results of UBS AG's Annual General Meeting

2011-04-28T17:00:00.000+02:00

UBS Consumption Indicator: new car registrations drive increase in March

2011-04-26T08:00:00.000+02:00

Strongest February in 10 years for new car registrations does not compensate slump in retail business

UBS first-quarter profit before tax CHF 2.2 billion; Group net new money CHF 22.3 billion; Tier 1 capital ratio 17.9%

2011-04-26T06:45:00.000+02:00

For the first quarter of 2011 we report higher profits than in the fourth quarter of 2010. Net new money for the Group was positive, with positive net flows recorded across all of our asset-gathering businesses confirming the return of client trust and confidence. Our Basel II tier 1 capital ratio remains among the highest in the industry.

UBS Securities becomes the first foreign-invested securities firm to open a trading outlet in Hangzhou

2011-04-18T09:07:00.000+02:00

UBS acquires structured products firm Luxembourg Financial Group.

2011-04-14T06:00:00.000+02:00

UBS expands its existing structured products capabilities by acquiring Luxembourg Financial Group (LFG), a structured products boutique and specialist asset manager.

UBS launches Hong Kong Campus of UBS Business University

2011-04-13T11:00:00.000+02:00

UBS today officially opened the Hong Kong Campus of the UBS Business University at Li Po Chun Chambers in Sheung Wan, Hong Kong.

UBS Securities Research now available on iPad and iPhone

2011-04-13T09:30:00.000+02:00

UBS Investment Bank announced today that it has launched a Securities Research app for Apple mobile devices. UBS provides institutional clients one more convenient way to access UBS Securities Research on their iPhone, iPad and iPod touch devices.

Strong franc weakens export profit margins

2011-04-13T08:00:00.000+02:00

The strong franc is starting to impact Swiss exports. The UBS quarterly survey shows that profits are stagnating, even though industry sales have risen. Nevertheless, the UBS economic indicator projects gross domestic product growth of 2.7 percent for the first quarter of 2011.

UBS Investment Bank appoints Stephen Cummings as Chairman of Americas Investment Banking

2011-04-12T08:30:00.000+02:00

UBS Declares Quarterly Coupon on Four E-TRACS MLP ETNs

2011-04-05T08:50:00.000+02:00

UBS Consumption Indicator: decline continues in February

2011-03-29T08:00:00.000+02:00

Strongest February in 10 years for new car registrations does not compensate slump in retail business

UBS launches algorithmic trading in Indonesia

2011-03-29T08:00:00.000+02:00

Agenda for the Annual General Meeting of UBS AG on 28 April 2011

2011-03-25T07:00:00.000+01:00

Zurich/Basel, 25 March 2011 - UBS AG today published the agenda for the Annual General Meeting (AGM) on 28 April 2011. The agenda items are as follows:

UBS publishes Annual Report 2010

2011-03-15T06:45:00.000+01:00

UBS is today publishing its Annual Report for 2010. The report is available at www.ubs.com/annualreporting.

The recovery forges ahead

2011-03-03T00:00:00.000+01:00

Having rapidly overcome the crisis, Swiss companies now expect growth to tail off slightly in the current quarter. However, the situation varies depending on the size of the company and the sector of operation. Thus, for example, SMEs in the building and construction sector are benefiting more from the construction boom in Switzerland than larger companies. In the service sector, by contrast, SMEs had a harder time in the last quarter of 2010 than large enterprises.

UBS Wealth Management names Chief Investment Officer

2011-02-28T07:30:00.000+01:00

William Kennedy appointed Head of Investment Products and Services (IPS) at UBS Wealth Management

2011-02-24T08:30:00.000+01:00

UBS Consumption Indicator: setback in January

2011-02-22T08:00:00.000+01:00

Positive business activity in the retail sector, slowdown in new car registrations

Change on UBS Board of Directors

2011-02-14T07:00:00.000+01:00

UBS outlook Switzerland Q1 2011 - Global economic growth offsetting impact of strong franc

2011-02-09T08:00:00.000+01:00

The Swiss economy will probably grow by more than two percent this year. According to UBS Research Switzerland, the strong domestic economy will offset weak exports. Inflation will likely pick up.

UBS fourth quarter net profit attributable to shareholders of CHF 1.3 billion. Full year net profit of CHF 7.2 billion

2011-02-08T06:45:00.000+01:00

For 2010, net profit attributable to UBS shareholders was CHF 7.2 billion compared with a loss of CHF 2.7 billion in 2009. 2010 diluted earnings per share of CHF 1.87 compared with negative CHF 0.75 in 2009, and return on equity of 15.9 % for 2010 compared with negative 7.8% at the end of last year
During 2010 our BIS tier 1 capital ratio increased to 17.7% from 15.4% and our BIS core tier 1 capital ratio increased to 15.3% from 11.9% at the end of 2009. We will continue to retain earnings to meet capital requirements and will not pay a dividend for 2010
Cost discipline maintained; we achieved our fixed cost target of less than CHF 20 billion for 2010

UBS 21st Annual Global Healthcare Services Conference Opens in New York

2011-02-07T07:30:00.000+01:00

The 21st Annual UBS Global Healthcare Services Conference opens today at the Grand Hyatt in New York City and runs through Tuesday, February 8th. The conference will feature presentations and updates from senior management from more than 90 of the leading healthcare services firms around the world, companies that continue to shape this dynamic field. Presenting companies include:

Sally Bott not to stand for re-election at UBS Annual General Meeting on 28 April 2011

2011-02-07T07:00:00.000+01:00

Zurich/Basel, 7 February 2011 - UBS today announces that Sally Bott, member of the UBS Board of Directors, will not stand for re-election at the UBS Annual General Meeting on 28 April 2011. UBS will announce in due course if it will nominate an additional candidate for election to the Board of Directors.

Sally Bott informed the Board of Directors that she will pursue other endeavours and therefore will not stand for re-election.

Sally Bott was elected to the Board of Directors at the October 2008 Extraordinary General Meeting. She chairs the Human Resources and Compensation Committee and is also a member of the Corporate Responsibility Committee and the Governance and Nominating Committee.

Kaspar Villiger, Chairman of the Board of Directors of UBS, said: "I greatly regret that Sally Bott is leaving our Board. Her in-depth knowledge in the field of human resources was an invaluable asset for the Board during the past two and a half years. I thank Sally for her outstanding contributions and great commitment and wish her every success and fulfilment in the future."

UBS Launches Canada-US Interlisted Algorithmic Trading

2011-02-03T08:00:00.000+01:00

UBS Consumption Indicator indicates good Christmas season

2011-01-25T08:00:00.000+01:00

Strong retail sales and new car registrations in December

UBS appoints Christine Novakovic head of the Corporate & Institutional Clients business area and Manuel Leuthold vice chairman

2011-01-20T07:30:00.000+01:00

New Swiss real estate study: UBS real estate focus 2011 - Continued upswing for the Swiss real estate market

2011-01-19T11:30:00.000+01:00

UBS Research Switzerland expects residential real estate prices to increase again in 2011. Real estate market drivers are solid. Areas where prices have overheated will struggle to return to normality.

UBS to become a main partner of the Swiss Federal Wrestling and Alpine Games Festival in 2013

2011-01-18T17:00:00.000+01:00

The Swiss Federal Wrestling and Alpine Games Festival enjoys great popularity among all age groups and sections of the population. At the next Schwingfest, or wrestling festival, due to take place in Emmental in 2013, UBS will again, as it did in 2007, take on a sponsoring commitment as one of six main partners.

The Swiss Federal Wrestling and Alpine Games Festival stands for values such as tradition, familiarity and authenticity, but also emotionality and professionalism. «No other sport is so directly associated with traditional authentic Swiss customs as alpine wrestling,» said Lukas Gähwiler, CEO UBS Switzerland. «This commitment shows our close bond with Switzerland.»

UBS has supported numerous major events in the area of sports and culture in Switzerland for many years. This support encompasses UBS's partnership with Swiss Tourism and its sponsorship of the grass-roots youth event, UBS Kids Cup – one in a series of competitive track and field events for youths aged 7 to 15 conducted throughout Switzerland. The Swiss Federal Wrestling and Alpine Games Festival optimally supplements this sponsorship portfolio.

UBS Launches Electronic Trading of Index and Single Name Credit Default Swaps.

2011-01-11T08:00:00.000+01:00

UBS Global Asset Management Launches Fixed Income Opportunities Fund

2011-01-10T11:18:00.000+01:00

UBS Global Asset Management today announced the launch of its new UBS Fixed Income Opportunities Fund, an opportunistic fixed income strategy that seeks returns with low correlation to traditional equity and fixed income markets.

UBS Declares Quarterly Coupon on Four E-TRACS MLP ETNs

2011-01-05T10:17:00.000+01:00

UBS Investment Bank announced today the quarterly coupon amounts for its four Exchange Traded Notes (ETNs) which include three linked to Alerian MLP Indexes: the E-TRACS Alerian MLP Infrastructure ETN (NYSE Arca: MLPI), the E-TRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure ETN (NYSE Arca: MLPL), the E-TRACS Alerian Natural Gas MLP Index ETN (NYSE Arca: MLPG) and one linked to the Wells Fargo MLP Index, the E-TRACS Wells Fargo MLP ETN (NYSE Acra: MLPW)

UBS Consumption Indicator: Signs of above-average growth in consumption

2010-12-28T08:00:00.000+01:00

New car registrations on the increase, retail business activity declining

UBS raises salaries for employees

2010-12-23T13:00:00.000+01:00

UBS will increase the total payroll for its employees in Switzerland, up to and including middle management, by 2%.

UBS bullish on Asian equities although warns GDP growth may slip in the first half of 2011

2010-12-06T08:00:00.000+01:00

In light of realistic earnings forecasts combined with attractive valuations in the region, UBS Investment Bank remains positive on Asian equities in 2011. However, analysts warn that GDP growth may drop below trend in the first half of 2011, before picking up in the second half of the year.

UBS appoints Tien-Cheng Lee as Taiwan Country Head and Branch Manager of UBS AG, Taipei Branch

2010-12-06T08:00:00.000+01:00

UBS announces the appointment of Tien-Cheng LEE as Country Head, UBS Taiwan and Branch Manager of UBS AG Taipei Branch, with immediate effect. In his role, LEE (TC) will work closely with local regulators and ensure further integration between UBS’s Taiwan business and its businesses globally.

UBS 38th Annual Global Media & Communications Conference Opens in New York

2010-12-06T07:00:00.000+01:00

The 38th Annual UBS Global Media & Communications Conference opens today at the Grand Hyatt in New York City and runs through Wednesday, December 8. The conference will feature presentations and panel discussions by senior management from more than 100 leading companies in the media and telecommunications industry from around the globe. Presenting companies include:

UBS announces changes to the Group Executive Board

2010-12-03T18:00:00.000+01:00

UBS Allows Daily Redemption for Five of its Exchange Traded Access Securities (E-TRACS)

2010-12-01T09:30:00.000+01:00

UBS Investment Bank announced today that it will allow daily, instead of weekly, redemption for any holder of the following UBS E-TRACS (the “Securities”) that wishes to exercise its right of early redemption:

UBS Consumption Indicator: A stable October

2010-11-30T08:00:00.000+01:00

UBS Consumption Indicator signals strong consumption growth

Swiss SMEs: Employment increasing again

2010-11-25T08:00:00.000+01:00

The Swiss economy continues to grow. The companies surveyed by UBS are forecasting a continuing improvement in the business climate, and in the near future – despite a possible slowdown in growth – see no cause for concern. The earnings and cash flow of small and medium-sized enterprises (SMEs) have stabilized, and there has been a year-on-year increase in the workforce.

2010 Investor Day: UBS updates investors on progress and reconfirms medium-term targets

2010-11-16T07:00:00.000+01:00

UBS outlook Switzerland Q4 2010 - The Swiss economy thrives despite the strong franc

2010-11-11T08:00:00.000+01:00

The Swiss economy continues to grow. UBS Research Switzerland thinks the domestic economy should thrive over the next two years, compensating for weaker exports.

UBS provides client access to Chi-East

2010-11-11T08:00:00.000+01:00

The global Equities business of UBS (NYSE: UBS; VTX: UBS) today announced that its clients will have access to Chi-East, the pan-Asian dark pool joint venture between Chi-X Global and the Singapore Exchange (SGX) and one of the first non-displayed external liquidity venues in Asia Pacific.

UBS MTF European Multilateral Trading Facility Goes Live

2010-11-09T08:00:00.000+01:00

UBS Investment Bank today announced UBS MTF, the first broker operated multilateral trading facility (MTF) to feature a central clearing model, is officially launched and accepting member orders.

UBS Launches Direct Market Access to Mexico

2010-11-03T09:00:00.000+01:00

UBS Investment Bank today announced the launch of Direct Market Access (DMA) for electronic trading of securities on Bolsa Mexicana de Valores in Mexico, the second largest stock exchange in Latin America. The introduction of DMA in Mexico will benefit clients by improving the speed and capacity of their execution and broadening their direct access to flexible order types.

UBS Announces New Energy Exchange Traded Note Linked to the Wells Fargo® MLP Index

2010-11-01T09:38:00.000+01:00

UBS Investment Bank announced today that it has added to its suite of UBS E-TRACS Exchange Traded Notes (ETNs) with the new UBS E-TRACS linked to the Wells Fargo® MLP Index due October 29, 2040. It began trading today on NYSE Arca under the ticker symbol, MLPW, and provides investors a way to gain exposure to the Master Limited Partnership (MLP) energy sector.

UBS compensation survey: Nominal wages expected to rise by 1.6% in 2011

2010-10-29T11:00:00.000+02:00

The latest UBS compensation survey points to a significant rise in nominal salaries in 2011. In this year's wage round, a rise of 1.6% in average base salaries is expected.

UBS Consumption Indicator shows consumer demand deteriorated in September

2010-10-26T08:00:00.000+02:00

UBS still expects consumption to grow robustly in the coming quarters.

UBS third quarter net profit attributable to shareholders of CHF 1,664 million; diluted earnings per share of CHF 0.43

2010-10-26T06:45:00.000+02:00

Revenues affected by unusually low levels of client activity; management responded by reducing costs Results include a CHF 825 million net tax credit and an own credit charge of CHF 387 million; profit before tax of CHF 818 million

UBS Begins Clearing Interest Rate Swap Trades Through CME

2010-10-25T09:00:00.000+02:00

UBS Investment Bank announced today that it has begun clearing interest rate swap trades through CME Clearing, the recently launched interest rate swap clearing platform at CME Group.

UBS announces senior management appointments

2010-10-22T07:00:00.000+02:00

Daniel Kalt to become new Chief Economist Switzerland

2010-10-19T08:00:00.000+02:00

UBS has appointed Daniel Kalt to the post of Chief Economist Switzerland, effective 1 November 2010. In his new function, he will report to Andreas Höfert, UBS Chief Economist for Wealth Management & Swiss Bank. Andreas Höfert will continue to analyze global economic and investment themes, while Daniel Kalt will mainly address the latest developments in the Swiss economy.

Daniel Kalt (born in 1969) has been with UBS since 1997, when he joined the bank as an economist in Research Switzerland. From 2000 onwards he worked in credit portfolio management for the corporate and private client credit business in Switzerland. Since 2003 he has held various management positions at UBS Wealth Management Research, most recently as head of economic analysis.

Andreas Höfert: «Switzerland is so important for UBS that we wanted to have a specialized chief economist for this market. For our clients in Switzerland, we will produce more analyses and recommendations which focus on the Swiss economy.»

Daniel studied Economics at the University of Zurich and completed his doctorate at the University of Bern in 2000 with an investigation into the credit and real estate crisis in Switzerland in the 1990s.

Daniel works closely with the management team of UBS Switzerland under the leadership of Lukas Gähwiler.

UBS Names Senior Executives for Brazil Business

2010-10-18T12:00:00.000+02:00

Lywal Salles Appointed Chairman of UBS Group Brazil Eduardo Centola Named CEO of UBS Investment Bank, Brazil Daniel Mendonça Barros to Become CEO of UBS Broker-Dealer in Brazil

UBS publishes transparency report

2010-10-14T06:45:00.000+02:00

UBS Global Brand Campaign Launches in the US

2010-10-11T16:00:00.000+02:00

UBS announced today its roll out of the global brand campaign in the United States. The campaign translates key elements of the UBS Identity into TV, print and digital ads centered on the idea and tagline “We will not rest.” The campaign, launched in Switzerland in August, is being used in other regions of the world.

UBS appoints Paul Raphael Head of Wealth Management for the Emerging Markets

2010-09-30T12:15:00.000+02:00

UBS to participate in Bank of America Merrill Lynch financials conference

2010-09-30T07:00:00.000+02:00

UBS Announces the 16th ETN in its E-TRACS Platform Which Gives Short Exposure to the Alerian MLP Infrastructure Total Return Index

2010-09-29T09:30:00.000+02:00

UBS Investment Bank announced today the addition of a new exchange traded note (ETN) to its E-TRACS platform, the UBS E-TRACS 1X Monthly Short Alerian MLP Infrastructure Total Return Index. It is the 16th ETN in UBS’s rapidly growing E-TRACS platform, and the fourth ETN with Alerian. It began trading today on NYSE Arca under the ticker symbol, MLPS, and is designed to provide short exposure to the Master Limited Partnership (MLP) market by tracking the inverse performance of the Alerian MLP Infrastructure Total Return Index.

UBS Consumption Indicator continues to go up

2010-09-28T08:00:00.000+02:00

The broadly based rise in the UBS Consumption Indicator in July continued in August.

UBS announces Alex Wilmot-Sitwell and Chi-Won Yoon as Co-Chairmen and Co-CEOs, Asia Pacific

2010-09-28T00:00:00.000+02:00

UBS today announced the appointment of Alex Wilmot-Sitwell as Co-Chairman and Co-CEO of Asia Pacific. Alex will lead the region together with Chi-Won Yoon, current Chairman and CEO, Asia Pacific. Alex will be based in Hong Kong and will take over his new role on 1st November 2010. Carsten Kengeter, currently Co-CEO UBS Investment Bank, will become sole head of the Investment Bank.

UBS and Formula 1(TM) announce Global Partnership

2010-09-27T10:00:00.000+02:00

UBS appoints Christian Wiesendanger as Head of Wealth Management Switzerland

2010-09-24T00:00:00.000+02:00

Christian Wiesendanger has been appointed Head of Wealth Management Switzerland with effect from October 1, 2010. In this position, he will report to Lukas Gähwiler, the CEO of UBS Switzerland.

UBS Global Life Sciences Conference Opens in New York

2010-09-20T08:00:00.000+02:00

The UBS Global Life Sciences Conference opens today at the Grand Hyatt in New York City and runs through Wednesday, September 22. The annual UBS Global Life Sciences Conference is among the largest health care investor conferences in the world. Senior executives from the leading pharmaceutical, biotechnology and medical technology companies will provide their insight and outlook on the global life sciences industry. More than 2,000 people are expected to attend. Presenting companies include:

Actelion
Agilent Technologies, Inc.
Alere Inc.
Alexion Pharmaceuticals, Inc
Allergan, Inc.
Amgen Inc.
Baxter
Bayer AG
Biogen Idec
BioMarin Pharmaceutical Inc.
BioMed Realty Trust, Inc.
BioMerieux SA
Bristol-Myers Squibb Company
Celera Corporation
Celgene Corporation
Cephalon, Inc.
Cepheid
Charles River Laboratories
China Shineway Pharmaceutical
Crucell
Danaher Corporation
DENTSPLY International
DiaSorin
Dr. Reddy's Laboratories
F. Hoffmann-La Roche Ltd.
Genoptix, Inc.
Genzyme Corporation
Gilead Sciences, Inc.
H. Lundbeck A/S
Henry Schein, Inc.
Human Genome Sciences, Inc.
Illumina, Inc.
Life Technologies
Medtronic Inc.
Merck & Co., Inc.
Merck KGaA
Meridian Bioscience, Inc.
Mettler-Toledo International, Inc.
Myriad Genetics, Inc.
Novo Nordisk Inc.
Novozymes A/S
Pall Corporation
PerkinElmer, Inc.
QIAGEN N.V.
Regeneron Pharmaceuticals, Inc.
ResMed
Shanghai Fosun Pharma Group
Sigma-Aldrich Corporation
Sino Biopharmaceutical Ltd.
Sirona Dental Systems, Inc.
Smith & Nephew
STERIS Corporation
Teva Pharmaceutical Industries Ltd.
Thermo Fisher Scientific
Thoratec Corporation
United Therapeutics Corporation
Vertex Pharmaceuticals
Warner Chilcott
Waters Corporation
West Pharmaceutical Services, Inc.

^{*This is a partial list of presenting companies. Companies subject to change. To access the agenda, please go to www.ibb.ubs.com/Conferences.}

Audio transmissions and the conference agenda will be available on the UBS Investment Bank website at www.ibb.ubs.com/Conferences. Audio transmissions of company presentations will be available live and by replay. Replays will begin three hours after the actual presentation time and will be available on the site for up to four weeks.

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions and manage CHF 2.2 trillion in invested assets.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 64,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

UBS study: «Prices and Earnings»

2010-09-15T10:00:00.000+02:00

A comparison of purchasing power around the globe, 2010 update

Bruce Amlicke rejoins UBS Global Asset Management as Co-CIO and Head of Alternative Investment Solutions (AIS)

2010-09-07T08:30:00.000+02:00

UBS Global Asset Management has today announced the appointment of Bruce Amlicke as Co-CIO and Head of Alternative Investment Solutions (AIS). Bruce reports to Bill Ferri, Global Head of Alternative and Quantitative Investments (A&Q) and is based in Stamford.

UBS and Formula 1(TM) announce Global Partnership

2010-09-01T10:00:00.000+02:00

UBS Consumption Indicator points to further increase in consumer demand

2010-08-31T08:00:00.000+02:00

The rise in the UBS Consumption Indicator in July was broad-based, with all sub-indicators improving.

Swiss SMEs: Sales are up from a year ago

2010-08-26T08:00:00.000+02:00

Small and medium-sized enterprises (SMEs) in Switzerland have seen an increase in sales year-on-year. But going into the third quarter, it does not look likely that growth will accelerate. Prospects for apprentices, however, are very encouraging. These are the findings of the quarterly survey conducted in May and June by UBS, in cooperation with the Swiss Industry and Trade Association.

UBS appoints Jakob Stott as Head Wealth Management Europe

2010-08-13T08:00:00.000+02:00

UBS AG announced today that Jakob Stott has been named its Head UBS Wealth Management Europe.

UBS Consumption Indicator rises in June

2010-07-27T08:00:00.000+02:00

The sharp increase in new car registrations was the main driver of the rise in the UBS Consumption Indicator in June.

UBS second quarter pre-tax profit of CHF 2,614 million

2010-07-27T06:45:00.000+02:00

Following Swiss parliamentary approval of the US-Swiss Government Agreement, UBS expects to achieve a comprehensive resolution of all outstanding matters with the US government related to the US cross-border business by October 2010.

UBS nominates Joseph Yam for election to its Board of Directors

2010-07-23T07:00:00.000+02:00

UBS has nominated Joseph Yam, founder and former Chief Executive of the Hong Kong Monetary Authority, for election to the Board of Directors at the bank's Annual General Meeting on 28 April, 2011.

UBS Global Asset Management Launches UBS Market Neutral Multi-Strategy Fund

2010-07-20T10:00:00.000+02:00

UBS Global Asset Management today announced the launch of its new UBS Market Neutral Multi-Strategy Fund. The Fund is an alternative strategy designed to offer returns with low volatility and minimal correlation to the global equity and fixed income markets.

UBS Announces New Natural Gas Exchange Traded Note Linked to the Alerian Natural Gas MLP Index

2010-07-14T09:30:00.000+02:00

UBS Investment Bank announced today that it has once again expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding the new UBS E-TRACS Alerian Natural Gas MLP Index. It began trading today on NYSE Arca under the ticker symbol, MLPG, and provides exposure to an equal weighted portfolio of Master Limited Partnerships (MLPs) focused on natural gas infrastructure through a single investment.

UBS outlook Switzerland Q3 2010 - A strong domestic economy and a strong franc pose a dilemma for the Swiss National Bank

2010-07-14T08:00:00.000+02:00

The Swiss economy continues to grow. UBS Wealth Management Research expects the Swiss National Bank to tighten its monetary policy in September in order to slow down domestic economic activity and the real estate market.

UBS launches new principal protected retail structured product

2010-07-09T00:00:00.000+02:00

UBS today announced the launch of a new structured product in Taiwan, to be wrapped and distributed by Fubon Life Insurance. This is UBS’s first retail structured note offered to non-professional investors following the implementation last August of new regulations relating to offshore structured products.

UBS Announces New Energy Exchange Traded Note Linked to 2x Leveraged Alerian MLP Infrastructure Index

2010-07-07T09:30:00.000+02:00

UBS Investment Bank announced today that it has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding the new UBS E-TRACS 2x Leveraged Long Alerian MLP Infrastructure Index. It began trading today on NYSE Arca under the ticker symbol, MLPL, and provides leveraged exposure to a portfolio of energy infrastructure Master Limited Partnerships (MLPs) through a single investment.

“We are excited to add yet another ETN to our ever growing stable of UBS E-TRACS products,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “The new UBS E-TRACS 2x Leveraged Long Alerian MLP Infrastructure Index is particularly useful for investors seeking geared exposure to the MLP space and with 2x leverage, the Current Annual Leveraged Yield is 12.89%*. This is our second ETN with Alerian and we are thrilled to partner with them again.”

. A Master Limited Partnership (MLP) is a publicly traded limited partnership that unites the tax advantages of a partnership with the liquidity of a publicly traded stock. The Alerian MLP Infrastructure Index is the leading index for investing in energy infrastructure. Because the revenues of energy infrastructure MLPs tend to be correlated with the demand for energy commodities rather than the price of energy commodities, MLPs in energy infrastructure industries have relatively consistent, predictable cash flows.

UBS E-TRACS belong to an innovative class of investment products offering access to markets and strategies that had not previously been readily available to individual investors, and offer unique diversification opportunities in a number of commodity sectors. UBS has 13 other existing E-TRACS ETNs – 10 of which track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock, food, etc, one that tracks the total return of the Dow Jones-UBS Commodity Index, one that is linked to the S&P 500 Gold Hedged Index, and one that is linked to the Alerian MLP Infrastructure Index.

UBS E-TRACs are senior unsecured notes issued by UBS AG, are traded like any other security on NYSE Arca, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, please visit www.ubs.com/e-tracs.

The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the UBS E-TRACS ETNs) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387 2275).

Alerian MLP Infrastructure Index, Alerian MLP Infrastructure Total Return Index, and AMZI are trademarks of Alerian and their use is granted under a license from Alerian.

UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a client-focused financial services firm that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. By delivering a full range of advice, products and services to its private, corporate and institutional clients, UBS aims to generate sustainable earnings, create value for its shareholders, and become the choice of clients worldwide.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 64,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

*The Current Annual Index Yield is calculated by Alerian and is based on a modified indicative formula, which takes the most recently declared quarterly distribution of each of the Master Limited Partnerships that constitute the Index (“constituent MLP”), and creates an annualized yield for each constituent MLP by (i) multiplying that number by four and (ii) dividing the resulting number by the current market price of the applicable constituent MLP. The Current Annual Index Yield is the sum of the products of those individual yields of each constituent MLP and their relative weights in the Index. The formula is considered "modified" indicative because in certain circumstances, Alerian can ignore the most recently declared distribution in its calculations and instead use an alternative distribution amount (derived from public sources) that, in its opinion, better reflects an investor's expectation of future distributions using all publicly available information. The Current Annual Leveraged Yield is derived by multiplying the Current Annual Index Yield by the leverage factor, 2, and subtracting the Yearly Fee of .85%. The Current Annual Leveraged Yield is provided for illustrative purposes only. The actual annual ETN yield that investors may receive could be substantially different (either greater or less) than the Current Annual Leveraged Yield. You are not guaranteed any coupon or distribution amount under the ETN.

UBS Enhances Wealth Management Americas Research through a Strategic Partnership with Richard Bernstein Advisors LLC

2010-07-06T07:00:00.000+02:00

UBS Wealth Management Americas today announced that it has entered into a strategic partnership with Richard Bernstein Advisors, which specializes in longer-term, macro-oriented investing. UBS clients will have access to RBA's market leading insight into asset allocation.

Mike Ryan, Head of Wealth Management Research-Americas, will oversee this exclusive partnership, which complements the uniquely tailored investment ideas that UBS Wealth Management Research offers to individual investors. UBS Wealth Management Research is the one research team on the Street completely dedicated to the private investor and financial advisor.

“Richard Bernstein is a respected leader in the field of asset allocation, bringing sophisticated insight and thoughtful advice to clients," said Robert McCann, CEO UBS Wealth Management Americas. “Consistent with our objective to be the best wealth management firm in the Americas, this partnership demonstrates our commitment to providing our clients with unparalleled intellectual capital and highly relevant perspectives in support of their investment goals."

“I have tremendous respect for UBS and the global business they have built over the many years in wealth management. We are thrilled to partner with the WMA leadership team in this exciting new initiative,” said Richard Bernstein, CEO of RBA.

Working alongside UBS's Portfolio Strategy Group, clients will access the research of Richard Bernstein Advisors via UBS Wealth Management Americas Managed Portfolio Program in a separate discretionary fee-based account of predominately exchangetraded funds. RBA will share market views that include overall equity-versus-bond recommendations, size and style positioning, and international allocations.

Notes to Editors

UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a client-focused financial services firm that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. By delivering a full range of advice, products and services to its private, corporate and institutional clients, UBS aims to generate sustainable earnings, create value for its shareholders, and become the choice of clients worldwide.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

About RBA

Richard Bernstein Advisors LLC (RBA) is a registered investment adviser focusing on longer-term investment strategies that combine top-down, macroeconomic analysis and quantitatively-driven portfolio construction, utilizing Mr. Bernstein's widely recognized expertise in style investing and asset allocation. The firm's chief executive and chief investment officer, Richard Bernstein has over 30 years' experience on Wall Street, including most recently as the Chief Investment Strategist at Merrill Lynch & Co. He is a much-noted expert on equity, style and asset allocation, and was voted to Institutional Investor magazine's annual “All-America Research Team” 18 times, including 10 as the top-ranked analyst in his category. Mr. Bernstein's book “Style Investing – Unique Insight into Equity Management” is widely viewed as the seminal book on style-oriented investment strategies.

UBS Consumption Indicator rose only slightly in May

2010-06-29T08:00:00.000+02:00

A drop in business activity in the retail sector slows down the rise of the UBS Consumption Indicator in May.

UBS appoints Anthony Iliya as CEO MENA

2010-06-22T13:11:00.000+02:00

UBS today announced the appointment of Anthony Iliya (56) as CEO for Middle East and North Africa. Iliya, who will start August 1, will be based in Dubai and report to Alex Wilmot-Sitwell, Group Chairman and CEO EMEA and Co-CEO of UBS Investment Bank.

UBS responds to Parliamentary approval of the US-Swiss Government Agreement

2010-06-17T10:00:00.000+02:00

UBS Investment Bank tops Thomson Reuters Extel Survey 2010 for the tenth consecutive year

2010-06-15T08:50:00.000+02:00

UBS Investment Bank was today voted the leading Pan-European Brokerage Firm for Equity and Equity-Linked Research for a record tenth successive year

UBS and social partners have agreed to renew the social plan

2010-06-02T10:00:00.000+02:00

UBS, together with its Employee Representation Committee (ERC), the Swiss Association of Bank Employees (SBPV) and the Swiss Association of Commercial Employees (KV Schweiz), has extended the social partnership agreement (SOVIA CH) for labor market Switzerland that was concluded in 2008.

Changes to UBS Corporate Communications

2010-05-25T13:00:00.000+02:00

In its Communications & Branding department, UBS is creating the units of Corporate Communications UBS Switzerland and Corporate Communications UBS Wealth Management.

Pillar 3a: UBS Vitainvest Funds repositioned

2010-05-25T09:00:00.000+02:00

- Fixed management fees cut - Existing Vitainvest funds realigned - New retirement funds with Swiss investment focus

UBS Consumption Indicator signals acceleration in consumer spending

2010-05-25T08:00:00.000+02:00

The UBS Consumption Indicator rose again in April, signaling an acceleration in private consumer spending in Switzerland.

Swiss small and mid-size companies stable

2010-05-20T08:00:00.000+02:00

According to the latest UBS survey, small and medium-sized Swiss enterprises succeeded in stabilizing their overall revenues in the first quarter at last year's levels. As expected, prices remained under pressure during the quarter, while profits fell slightly. Small and medium-sized enterprises reduced their personnel slightly. Although survey participants expect a further drop in sales prices in the second quarter, they also expect to be able to maintain profits and employment at last year's level.

UBS to strengthen presence in Poland

2010-05-13T13:00:00.000+02:00

UBS today announced its intention to further strengthen its presence in Poland by establishing a local investment banking team. The team, which will be based in Warsaw once the necessary approvals have been obtained, will offer UBS's investment banking capabilities to the local market as well as Central Europe.

UBS Names Robert Barnes CEO of UBS MTF

2010-05-10T09:39:00.000+02:00

UBS Investment Bank today appointed Dr. Robert Barnes as Chief Executive Officer (CEO) of the firm’s new Multilateral Trading Facility, UBS MTF*. Announced in March 2010, UBS MTF will be a non-displayed order-book for crossing orders in European stocks.

UBS reports a first quarter pre-tax profit of CHF 2,810 million

2010-05-04T06:45:00.000+02:00

Zurich/Basel, 4 May 2010 - Commenting on UBS's first quarter 2010 results, Group CEO Oswald J. Grübel said: "We are well positioned to meet our medium-term goals. We implemented the measures announced in 2009 and delivered a good profit while managing our costs and using our balance sheet and risks in a disciplined way."

UBS Enters Agreement to Acquire Brazilian Financial Services Firm Link Investimentos

2010-04-29T18:00:00.000+02:00

UBS Consumption Indicator: Steep rise in March

2010-04-27T08:00:00.000+02:00

The UBS Consumption Indicator rises steeply in March, confirming UBS’s optimistic outlook for the economy.

UBS Outlook Switzerland Q2 2010 - Immigration counteracts weak growth

2010-04-21T08:00:00.000+02:00

Since 2004, the economy in Switzerland grew faster than in the Eurozone by around one percentage point each year. The economists at UBS Wealth Management Research (WMR) have identified immigration from the EU as one driver of growth.

Results of the Annual General Meeting of UBS AG

2010-04-14T20:15:00.000+02:00

At the Annual General Meeting on April 14, 2010, UBS shareholders re-elected the members of the Board of Directors, elected Wolfgang Mayrhuber to the Board, and approved the creation of conditional capital as a component of contingency planning. The Annual General Meeting was attended by 4,728 shareholders, representing 1,688,613,239 votes.

UBS pre-announces a Q1 pre-tax profit of at least CHF 2.5 billion

2010-04-12T10:30:00.000+05:30

UBS Announces New Energy Exchange Traded Note Linked to Alerian MLP Infrastructure Index

2010-04-01T09:30:00.000+02:00

UBS Investment Bank announced today that it has once again expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding the new UBS E-TRACS Alerian MLP Infrastructure Index. It began trading today on NYSE Arca under the ticker symbol, MLPI, and provides a high level of diversified exposure to energy infrastructure Master Limited Partnerships (MLPs).

UBS forecasts Q1 result for FICC unit

2010-03-30T12:00:00.000+02:00

Zurich/Basel, 30 March 2010 - A media report late yesterday indicated that UBS's Fixed Income, Currencies and Commodities unit (FICC) would generate revenue of about US$2.3 billion in first quarter 2010. Under SIX ad hoc publicity rules, UBS is required to comment on this report. The reported figure is slightly higher than FICC's current first quarter forecast revenues. Because the quarter has not ended and results to date are subject to possible fair value adjustments, including those relating to own credit, this forecast may not be reliable. UBS will issue its first quarter 2010 financial results on 4 May 2010.

UBS Consumption Indicator: Slight decline in February

2010-03-30T08:00:00.000+02:00

The UBS Consumption Indicator fell slightly in February. Since the middle of last year, it has underestimated consumption growth.

UBS Global Allocation Fund (UK) tops IMA Balanced Managed

2010-03-29T09:19:00.000+02:00

UBS appoints Lukas Gähwiler CEO UBS Switzerland

2010-03-26T07:00:00.000+01:00

UBS raises growth forecast for Switzerland

2010-03-22T09:00:00.000+01:00

UBS has raised its 2010 growth forecast for Switzerland from 2.0% to 2.5%. The favorable economic situation is expected to lead to a decline in the unemployment rate, but also to increasing inflationary pressure, rising interest rates as well as a strengthening of the Swiss franc.

Agenda for the Annual General Meeting of UBS AG on 14 April 2010

2010-03-18T07:00:00.000+01:00

UBS publishes Annual Report 2009

2010-03-15T07:00:00.000+01:00

UBS is today publishing its Annual Report for 2009. The report is available at www.ubs.com/annualreporting

UBS Investment Bank announces the launch of UBS Exchange-Traded Commodities (ETCs) on the London Stock Exchange

2010-03-10T08:00:00.000+01:00

UBS is pleased to announce the launch of UBS Exchange-Traded Commodities (ETCs), a series of innovative investment products that allow a broader range of investors to gain exposure to commodities in an easy, efficient and flexible way through the UBS Bloomberg Constant Maturity Commodity Index (CMCI) and its family of sub-indices.

UBS announces intention to launch European Multilateral Trading Facility

2010-03-09T13:45:00.000+01:00

UBS Investment Bank today announced its intention to launch, pending regulatory approval from the UK Financial Services Authority, a new Multilateral Trading Facility (MTF) for crossing orders in European stocks.

UBS Consumption Indicator: Continuation of the upward trend in January

2010-02-23T08:00:00.000+01:00

Following a modest decline in December, the UBS Consumption Indicator returned to its upward course in January. Its current level points to a remarkably robust expansion of private consumption.

Swiss SMEs: Turnover to return soon to last year's level

2010-02-18T08:00:00.000+01:00

According to the latest UBS survey conducted in December and January, business improved slightly for small and medium-sized enterprises (SMEs) in the fourth quarter. The pace of declining cash flows and turnover slowed considerably and staff cutbacks were halted. Companies are not anticipating a substantial improvement in business in the first quarter, but the industrial and service sectors are still expecting turnover to stabilize at last year's level.

UBS Global Asset Management launches Private Wealth Solutions Personalized Tax Management Overlay

2010-02-16T08:00:00.000+01:00

UBS Global Asset Management now offers a Personalized Tax Management Overlay (“PTM overlay”) for a selection of multi-asset portfolios (MAPs) on its Private Wealth Solutions (PWS) separately managed accounts (SMA) platform. As the latest product evolution on the PWS platform, the PTM overlay will consider a client's personal tax circumstances while applying a variety of tax management techniques in an effort to maximize the client's after-tax return.

To offer the PTM overlay, UBS Global Asset Management has integrated industry-leader Northfield's Tax Aware Multiple Account Rebalancing System (MARS) into its trading platform. Northfield President, Dan DiBartolomeo states “UBS is clearly committed to what we feel is a material improvement in the way that asset managers execute their value proposition to high net worth investors.”

MARS provides a sophisticated optimization engine to trade off risk, return and taxes at the individual account level in a highly scalable business model. This enhancement enables UBS Global Asset Management to manage an SMA using a client's personal tax circumstances, with the aim to maximize the client's after-tax returns.

“We are pleased to announce the latest evolution of Private Wealth Solutions with the launch of our Personalized Tax Management Overlay” said Mark Price, Executive Director, Managed Accounts Portfolio Solutions at UBS Global Asset Management. “With the aim of minimizing the difference between pre-tax and after-tax returns, we are able to deliver institutional-quality stock selection, asset allocation and trading within multi-asset separately managed accounts that are truly tailored for taxable private clients and their individual tax circumstances.” The PTM Overlay is available on 12 PWS MAPs for clients with assets of $2 million or more to invest at no additional management fee.

The Private Wealth Solutions (PWS) program leverages the nearly 30-year institutional heritage, time-tested investment process and proprietary investment expertise of UBS Global Asset Management. Multi-Asset Portfolios, designed with diversified, complementary investment styles and minimal security overlap, are sophisticated advisory accounts with the flexibility to meet a range of client risk/return needs.

UBS Global Asset Management is a large scale asset manager with well diversified businesses across regions, capabilities and distribution channels. We offer investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate, infrastructure and private equity investment capabilities that can also be combined in multi-asset strategies.

Invested assets totaled some CHF 583 billion (EUR 393 billion, GBP 349 billion, USD 563 billion) as of December 31, 2009. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland and the largest global hedge fund of funds manager. With around 3,500 employees, located in 25 countries, we are a truly global firm. Headquartered in London, our other main offices are in Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Sydney, Tokyo, Toronto and Zurich.

Northfield is a market leader in providing investment professionals analytical and operating efficiency tools designed to enhance individual portfolio and firm-wide performance. Founded in 1985, Northfield has developed open, analytical models that seek to identify, measure and control risk. These risk models cover most marketable securities traded world-wide. Based upon sound investment theory, Northfield's products and services have stood the test of time from users within the global institutional investment community. With over 250 clients worldwide with offices in Boston, London and Tokyo, Northfield strives to be a preferred partner for institutional investors and asset managers.

Neither UBS Global Asset Management (Americas) Inc., nor any of its employees or affiliates, provides tax or legal advice. The PWS Personalized Tax Management Overlay may not be an appropriate product under all circumstances. Clients should discuss the Overlay with their personal tax and/or legal advisors regarding their unique circumstances.

UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS reports a fourth quarter profit of CHF 1,205 million

2010-02-09T06:15:00.000+01:00

Zurich/Basel, 9 February 2010 - Commenting on UBS's fourth quarter 2009 results, Group CEO Oswald J. Grübel said: "We entered 2009 at the height of the crisis. By the end of 2009 UBS has returned to profitability, delivering on its priorities. We have taken decisive action to transform UBS, and it is now a focused, efficient and resilient firm. We expect that our return to profitability will increase clients' confidence in UBS and restore our reputation."

UBS 20th Annual Global Healthcare Services Conference Opens in New York

2010-02-08T08:00:00.000+01:00

The 20th Annual UBS Global Healthcare Services Conference opens today at the Grand Hyatt in New York City and runs through Wednesday, February 10th. The conference will feature presentations and updates from senior management from more than 120 of the leading healthcare services firms around the world, companies that continue to shape this dynamic field.

UBS Outlook Switzerland Q1 2010 - UBS economists raise growth forecasts

2010-02-08T08:00:00.000+01:00

UBS economists expect economic acceleration in 2010 and have raised their growth forecast from 1.7% to 2.0%. The results of the quarterly survey of roughly 650 companies confirm this positive outlook.

UBS to delist from Tokyo Stock Exchange

2010-02-05T08:00:00.000+01:00

On 4 February in Zurich, UBS AG's Board of Directors resolved to delist the Company's common stock (UBS shares) from the Tokyo Stock Exchange, Inc. (TSE).

The decision was taken as a result of the small volume of UBS shares (less than one percent of global turnover) traded on the TSE in recent years.

The delisting will have no impact on UBS's other activities in Japan. UBS continues to be an important market participant on the TSE and remains deeply committed to Japan where it has been active for more than 40 years.

UBS will submit an application to delist from the TSE in early March 2010. Pending the TSE's acceptance of the application, the shares will be assigned to the delisting post and, in principle, delisted one month later.

Following the delisting, UBS shareholders will be able to continue trading the stock on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

UBS Announces New UBS E-TRACS S&P 500 Gold Hedged Exchange Traded Note

2010-01-29T08:30:00.000+01:00

UBS Investment Bank announced today that it has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding a new ETN linked to the S&P 500 Gold Hedged Index. The UBS E-TRACS S&P 500 Gold Hedged ETN began trading today on NYSE Arca under the ticker symbol, SPGH, and provides an easily accessible way to gain exposure to the S&P 500 while using gold as a hedge against declines in the value of the US dollar.

UBS is the first firm to launch investment products based on the S&P 500 Gold Hedged Index and this innovative, new ETN is the first product of its kind. It is an entirely original approach to investing in the US equity markets, providing protection if the US dollar continues to decline in value as expressed via the price of gold.

“Recent investor concerns about potential global inflation have led to an increased interest in gold-related products,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “The UBS E-TRACS S&P 500 Gold Hedged ETN enables investors to gain exposure to the US equity market, without the accompanying exposure to the US dollar. We are seeking to deliver real returns of the S&P 500.”

UBS E-TRACS belong to an innovative class of investment products offering access to markets and strategies that had not previously been readily available to individual investors, and offer unique diversification opportunities in a number of commodity sectors. UBS has 11 other existing E-TRACS ETNs – 10 of which track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock, food, etc, and one that tracks the total return of the Dow Jones-UBS Commodity Index.

UBS E-TRACs are senior unsecured notes issued by UBS AG, are traded like any other security on NYSE Arca, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, please visit http;//www.ubs.com/e-tracs.

The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the UBS E-TRACS ETNs) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387 2275).

Standard & Poor's®, S&P®, S&P 500®, Standard & Poor's 500™ and S&P 500 Gold Hedged are trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by UBS. The UBS E-TRACS ETNs are not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in the UBS E-TRACS ETNs.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Consumption Indicator shows modest decline in December

2010-01-26T08:00:00.000+01:00

After a sharp increase in November, the UBS Consumption Indicator declined slightly in December. The current level of the Consumption Indicator points to a clearly positive, although still below average, expansion of private consumption. UBS economists expect that rising unemployment will continue to negatively influence consumer sentiment.

UBS Investment Bank announces Senior Appointments within its Securities businesses

2010-01-25T08:00:00.000+01:00

UBS Investment Bank today announced the appointment of Neal Shear (55) as Global Head of Securities. Neal will be based in Stamford.

Neal brings extensive experience to the role, with over 30 years in the industry. He spent most of his career at Morgan Stanley, where he was most recently Co-Head of Sales and Trading, with responsibility across Equities and Fixed Income. Prior to this, Neal was one of the original founding members of their global Commodities business.

Carsten Kengeter, Co-CEO UBS Investment Bank said: “Neal will be responsible for driving a more aligned approach across Equities and FICC (Fixed Income, Currencies & Commodities), a cornerstone in our strategy for an integrated client-centric investment bank built around flow and advice. He is a real veteran of the securities industry having spent over 30 years developing world-class businesses. ”

In addition, UBS is also pleased to announce the appointment of Roberto Hoornweg (41) who joins as Global Head of Securities Distribution. Roberto will be based in London.

Roberto joins UBS after 17 years at Morgan Stanley where he was most recently Head of Global Interest Rates, Credit & Currencies. Prior to this role, Roberto was responsible for the firm's Fixed Income and FX Emerging Markets Sales & Trading business.

Alex Wilmot-Sitwell, Co-CEO UBS Investment Bank said: “Increasingly, clients are directing their business to firms who can service their multi-asset needs most effectively. We believe that by bringing our Equities and FICC distribution teams more closely together under the leadership of Roberto, we can better leverage our world-class product delivery capabilities for our clients.”

Following these appointments, Carsten Kengeter will relinquish his additional role as Joint Global Head of FICC. Rajeev Misra, Global Head of Credit, and Dimitri Psyllidis, Global Head of Macro, will take on additional responsibility as Joint Global Heads of FICC. Jeff Mayer will take on the new role of Executive Chairman of FICC. Neal, Roberto, Rajeev and Dimitri will become members of the Investment Bank Executive Committee.

UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Wealth Management strengthens South Asia business with senior appointment

2010-01-13T09:00:00.000+01:00

UBS today announced that it had further strengthened its business in South Asia with the appointment of Vinay GANDHI as Managing Director and Country Team Head India International Asia. Based in Singapore, GANDHI will be responsible for developing and growing the India business. He will report to Andreas REBER, Regional Market Manager of India Indochina and Global Investors APAC.

UBS Wealth Management bolsters Ultra High Net Worth business in South Asia

2010-01-08T09:00:00.000+01:00

UBS today further strengthened its Ultra High Net Worth business in South Asia with the appointment of Reto MARX as Managing Director, Ultra High Net Worth Country Team Head based in Singapore.

UBS Investment Bank Hires James Paris as Managing Director in Leveraged Finance

2010-01-07T15:00:00.000+01:00

UBS Investment Bank announced today that James Paris will join the firm's Leveraged Finance Group as a Managing Director. Paris will be based in New York and report to Steven Smith, Global Head of Leveraged Finance and Americas Head of Financial Sponsors.

"As debt markets have begun to normalize, we are seeing a growing pipeline of leveraged deals, and we expect that pace to quicken as we move through 2010," said Smith. "James possesses both a deep experience in leveraged finance and a strong ability to advise on and execute even the most complex transactions for clients. I am delighted he is joining UBS."

Paris, 39, was previously a Managing Director in Leveraged Finance at Deutsche Bank in New York. Before moving to New York to focus exclusively on Leveraged Finance, he spent three years in Chicago in Deutsche Bank's Leveraged Finance group and covering the Midwest Financial Sponsor community. Most recently, Paris was a Managing Director and Head of the Paper and Packaging Group at Barclays Capital. Early in his career, Paris worked as an attorney at Cravath Swaine & Moore.

Paris holds a BS in Finance from Indiana University and a JD from Harvard Law School.

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Global Asset Management Reports 6% Increase in US Pension Fund Fitness in Fourth Quarter 2009

2010-01-07T10:00:00.000+01:00

UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, shows that measuring liabilities on a corporate bond basis, the typical US pension plan ended the fourth quarter with a 6% stronger funding ratio, as assets outperformed liabilities. Funding ratio performance in the fourth quarter was driven by two factors:

UBS AG Reduces the Minimum Redemption Amount for Eleven of its Exchange Traded Access Securities (E-TRACS)

2010-01-06T08:30:00.000+01:00

UBS AG announced today that it has reduced the minimum redemption amount from at least 100,000 securities to at least 50,000 securities for any holder of the following UBS AG E-TRACS (the "Securities") that wishes to exercise its right of early redemption:

UBS consumption indicator hits the year's high, but remains below its long-term average

2009-12-29T08:00:00.000+01:00

In November, the UBS consumption indicator rose once again compared to the previous month. At 1.28, it reached its highest level since September 2008, although it still remains below its long-term average of 1.5. While this marks a significant improvement in consumer sentiment, the expected rise in unemployment in the coming months is likely to dampen spending again. UBS economists do not expect consumer spending to recover until the second half of next year.

UBS Board decision regarding claims in the subprime and US cross-border matters

2009-12-15T11:00:00.000+01:00

Today, the UBS Board of Directors announced that it will not initiate legal action against former senior executives in connection with UBS's subprime-related losses and its former US cross-border business for private clients. The Board took its decision after a thorough review of these matters, which included consultation with external legal experts.

UBS increases total payroll for employees governed by the Agreement on Conditions of Employment for Bank Staff

2009-12-08T08:00:00.000+01:00

As of 1 March 2010, UBS will increase the total payroll for its employees working in Switzerland by 1.2% up to and including middle management.

UBS 37th Annual Global Media & Communications Conference Opens in New York

2009-12-07T08:00:00.000+01:00

The 37th Annual UBS Global Media & Communications Conference opens today at the Grand Hyatt in New York City and runs through Wednesday, December 9. The conference will feature presentations and panel discussions by senior management from more than 100 leading companies in the media and telecommunications industry from around the globe. Presenting companies include:

American Tower Corporation
AOL
AT&T
Belo Corp.
British Sky Broadcasting Group PLC
CBS Corporation
Charter Communications
CNBC
Comcast Corporation
Demand Media
Discovery Communications
E. W. Scripps Company
eBay, Inc.
Electronic Arts
Frontier Communications
Gannett Co., Inc.
GeoEye
GSI Commerce
IAC/Interactive Corp.
Interpublic Group of Companies
JCDecaux UK
Leap Wireless
Liberty Global, Inc.
Liberty Media Corporation
Martha Stewart Living Omnimedia
McClatchy Company
McGraw-Hill Companies
MDC Partners
Meredith Corporation
MetroPCS Communications
Moody's Corporation
MSCI Inc, USA
NBC Universal
New York Times Company
News Corporation
Nexstar Broadcasting Group Inc
NTELOS Holdings Corp.
Publicis
Qwest
RCN
Rogers Communications Inc.
Scripps Networks Interactive
SIRIUS XM
Sprint Nextel Corporation
Take-Two Interactive Software, Inc.
Terremark
THQ Inc.
Time Warner
Time Warner Cable
TiVo
Verizon Communications
Viacom
Virgin Media
Walt Disney Company
Washington Post Company
Windstream Communications
WPP Group
WebMD
Yahoo!

^{*This is a partial list of presenting companies. Companies subject to change. To access the agenda, please go to}
www.ibb.ubs.com/Conferences.

Audio transmissions and the conference agenda will be available on the UBS Investment Bank website at www.ibb.ubs.com/Conferences/. Audio transmissions of company presentations will be available live and by replay. Replays will begin three hours after the actual presentation time and will be available on the site for up to four weeks.

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS AG nominates Wolfgang Mayrhuber for election to its Board of Directors

2009-12-07T07:00:00.000+01:00

UBS AG nominates Wolfgang Mayrhuber, chief executive officer of Deutsche Lufthansa AG, for election to its Board of Directors at its annual general meeting on 14 April 2010.

Michael Chin appointed CEO of UBS Hana Asset Management

2009-12-02T09:14:00.000+01:00

UBS Global Asset Management today announced the appointment of Michael CHIN (Chin Jae-Wuk) as CEO of UBS Hana Asset Management. The appointment becomes effective in January 2010.

S&P report not reflective of UBS's capital position: Pro forma risk-adjusted capital ratio at 7.1% (when taking into account mandatory convertible notes)

2009-11-24T17:30:00.000+01:00

UBS consumption indicator posts a modest rise but Swiss private consumption remains flat

2009-11-24T08:00:00.000+01:00

The UBS consumption indicator rose slightly in October, but this does not represent a trend reversal. The indicator has languished at low levels this year, and with unemployment on the rise, consumption spending is likely to suffer. UBS economists do not expect consumer spending to recover until the second half of next year.

2009 Investor Day: UBS provides update on progress in transforming the firm and announces medium-term Group and divisional objectives

2009-11-17T07:00:00.000+01:00

UBS Launches International Algorithmic Trading in Brazil

2009-11-12T08:30:00.000+01:00

The global Equities business of UBS (NYSE: UBS) today announced the launch of algorithmic trading for international clients trading equities on the Bovespa stock exchange in Brazil. UBS is among the first broker-dealers to offer non-Brazilian clients algorithmic trading in this major market.

UBS is launching this offering for international clients who trade Brazilian securities with three popular algorithms: Volume Weighted Average Price (VWAP); Time Weighted Average Price (TWAP); and Volume Inline, a strategy that enables an investor to execute an order correlated to available liquidity. Execution algorithms are complex quantitative electronic trading formulae that clients can use to manage and tailor their equities orders. UBS clients can use these algorithmic trading strategies to quickly and efficiently send their electronic orders directly to the Bovespa, without passing them through an intermediary.

In July 2008, UBS was among the first international brokers to launch Direct Market Access (DMA) in Brazil whereby non-Brazilian investors can trade electronically directly on the exchange. UBS clients can send front-to-back algorithmic trading orders directly from their desktop execution management system or order management system, including UBS's own "Pinpoint."

"We gained a tremendous amount of experience over the last year with our Direct Market Access offering in Brazil, and our intention has always been to add algorithmic trading," said Owain Self, Head of Algorithmic Trading for EMEA and the Americas at UBS Investment Bank. "Our successful DMA platform provided the ideal knowledge base to build algorithmic strategies for the Bovespa in a truly custom way - specifically geared to the unique attributes of this market. This development is particularly exciting as our clients who trade stocks in Latin America have had an extremely positive response."

Raul Esquivel, the Head of the UBS Investment Bank for Latin America, said, "The launch of algorithmic trading into Brazil is a perfect example of our ongoing commitment to the region. We are pleased to offer these sophisticated strategies to our international clients who wish to efficiently tap the abundant investment opportunities in this dynamic marketplace."

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Direct Execution is the firm's global institutional electronic trading business. Direct Execution offers ultra-low latency Direct Market Access (DMA), a suite of award-winning advanced Algorithmic Trading strategies, a state-of-the-art analytics platform -- offering Real-Time TCA -- called UBS Fusion, and a multi-asset international execution management system called UBS Pinpoint.

UBS AG Temporarily Suspends Further Sales and Issuances of its Exchange Traded Access Securities (E-TRACS) Long Platinum - Linked to the UBS Bloomberg CMCI Platinum Total Return due May 14, 2018

2009-11-11T20:00:00.000+01:00

UBS AG announced today that it has temporarily suspended any further sales from inventory and any further issuances of its (E-TRACS) Long Platinum - Linked to the UBS Bloomberg CMCI Platinum Total Return due May 14, 2018 (the "Securities"). The Securities trade on the NYSE Arca Stock Exchange under the ticker symbol "PTM". This suspension may cause fluctuations in the trading value of the Securities. Daily redemptions at the option of the holders of the Securities will not be affected by this suspension. UBS Investment Bank's lending activities from inventory with respect to the Securities will also not be affected by this suspension.

As disclosed in the prospectus supplement relating to the Securities under the heading "Risk Factors-The market value of the Securities may be influenced by many unpredictable factors including volatile commodities prices", the market value of the Securities may be influenced by, among other things, the levels of supply and demand for the Securities. It is possible that the suspension, as described above, may influence the market value of the Securities. UBS believes that the limitations on issuance and sale implemented may cause an imbalance of supply and demand in the secondary market for the Securities, which may cause the Securities to trade at a premium or discount in relation to their indicative value. Therefore, any purchase of the Securities in the secondary market may be at a purchase price significantly different from their indicative value. The suspension described above will not affect or reduce any further sales from inventory or further issuances of UBS's ten existing other E-TRACS exchange traded notes.

The prospectus supplement relating to the Securities can be found on EDGAR, the SEC website at: www.sec.gov, as well as on the product website at www.ubs.com/e-tracs.

The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the Securities) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387-2275).

About UBS Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Investment Bank Strengthens Financial Sponsors Group With Addition of Two Managing Directors

2009-11-06T11:15:00.000+01:00

UBS Investment Bank announced today that it has hired two senior investment bankers within the firm's Financial Sponsors Group. Allen Bouch and Scott Norby will join the firm's Investment Banking Department (IBD) as Managing Directors, reporting to Steven Smith, Global Head of Leveraged Finance and Americas Head of Financial Sponsors. Bouch and Norby will be based in San Francisco and New York, respectively.

"Our financial sponsors deal pipeline continues to grow as financing markets have normalized and sponsors are becoming more active in both acquisitions and exits," said Smith. "We are delighted Allen and Scott will be joining UBS. I am confident they will help strengthen and advance our Financial Sponsors practice through their deep knowledge of the sponsor community and proven credibility advising and delivering strategic solutions to top clients in this space."

Bouch joins UBS from Citigroup, where he was most recently in the Financial Entrepreneurs Group and Head of the San Francisco Investment Banking Group. Previously, he was with Merrill Lynch in its investment banking division. He brings 21 years of top-tier investment banking experience, the last 13 of which have been focused on covering the financial sponsor community. Bouch holds a BA from Claremont McKenna College and an MBA from Duke University's Fuqua School of Business.

Previously, Norby was a Managing Director at Goldman Sachs in its Financial Sponsor Group. Prior to joining Goldman Sachs, he was with Morgan Stanley in its Financial Sponsor practice. Most recently, Norby was a Managing Director at North Sea Partners where he led financial sponsor coverage. He holds a BA from the University of Wisconsin and an MBA from the University of Chicago.
Kevin Cox, Americas Head of IBD, added, "The financial sponsor community represents a very important group of clients for UBS. We are committed to serving clients with bankers like Allen and Scott who can deliver innovative ideas, valuable insights and flawless execution."

UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

Swiss SMEs: Very little good news and growing administrative burden

2009-11-05T08:00:00.000+01:00

According to the latest UBS survey, conducted in September, small and medium-sized enterprises (SMEs) saw only marginal improvements in business in the third quarter. While the pace of declining cash flows and revenues slowed somewhat, staff cutbacks continued. Companies anticipate no substantial improvement in business for the fourth quarter. Administrative burdens have tended to increase over the last twelve months, according to information from SMEs.

UBS reports a third quarter loss of CHF 564 million, impacted by accounting charges of CHF 2,150 million

2009-11-03T07:00:00.000+01:00

Excluding these accounting charges, the underlying pre-tax profit was CHF 1,557 million

UBS salary survey: nominal wages expected to rise by 0.8%

2009-10-30T15:00:00.000+01:00

The latest UBS salary survey points to a slight rise in nominal salaries in 2010. Following this year's wage round, average base salaries should rise by 0.8% in Switzerland.

UBS Announces New Commodity ETN linked to the Dow Jones UBS Commodity Index

2009-10-29T09:30:00.000+01:00

UBS Investment Bank announced today that it has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding a new ETN linked to the Dow Jones-UBS Commodity Index. The new note called UBS E-TRACS Dow Jones-UBS Commodity Index Total Return (DJ-UBSCI TR) began trading today on NYSE Arca under the ticker symbol, DJCI.

The DJ-UBSCI TR is UBS's first ETN linked to the Dow-Jones UBS Commodity Index, which UBS purchased from AIG in May 2009. The DJ-UBSCI TR measures collateralized returns from a diversified basket of 19 commodity futures contracts from sectors spanning energy, precious metals, industrial metals, grains and livestock.

"This new note linked to the Dow Jones-UBS Commodity Index offers clients easy accessibility to a variety of hard to access commodities at a very compelling price," said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. "We are thrilled to be able to add the UBS E-TRACS Dow Jones-UBS Commodity Index Total Return to our stable of ETNs."

ETNs are primarily used as access products, combining exposure to various markets such as commodities with the investment ease of listed securities. UBS E-TRACS belong to an innovative class of investment products offering access to markets and strategies that had not previously been readily available to individual investors.

"UBS E-TRACS offer unique diversification opportunities in a number of commodity sectors, and with the addition of the DJ-UBS Commodity Index to the platform, we now can give access to both of our highly successful commodity indexes, the Dow Jones-UBS Commodity Index and the UBS Bloomberg Constant Maturity Commodity Index," said Yeagley.

UBS's 10 existing E-TRACS ETNs track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock, food, etc, and are traded like any other security on NYSE Arca. UBS E-TRACs are senior unsecured notes issued by UBS AG, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, please visit www.ubs.com/e-tracs.

The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of the UBS E-TRACS ETNs) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387 2275).

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 70,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE). I

Still no sign of recovery in Swiss private consumption

2009-10-27T08:00:00.000+01:00

There continues to be no sign of a sustainable recovery in private consumption in Switzerland. Although the UBS consumption indicator managed to stabilize in September, rising unemployment is likely to put a damper on consumer spending in the coming months. UBS economists expect a gradual recovery of consumption in the first half of next year and growth in GDP of 1.7% in 2010 and 2.1% in 2011.

UBS Appoints Robert J. McCann as Chief Executive Officer, Wealth Management Americas & Member of UBS Group Executive Board

2009-10-27T07:00:00.000+01:00

UBS AG announced today the appointment of Robert J. McCann as Chief Executive Officer of UBS Wealth Management Americas and Member of the Group Executive Board of UBS AG.

Mr. McCann, 51, will immediately assume responsibility for the firm's domestic wealth management businesses in the United States and Canada, including all international business booked in the US. He will lead nearly 8,000 Financial Advisors in more than 320 branches across the US, Puerto Rico and Canada, managing CHF 695 billion in invested assets.

UBS Group CEO Oswald Gruebel said: "I want to welcome Bob McCann to UBS. He comes to us having led one of the largest wealth management advisory teams in the world. Bob has an outstanding reputation as an inspiring and thoughtful leader and will apply his long and deep client relationship and business experience to gain market share, increase profitability and grow our Wealth Management Americas business. I am confident that his proven ability to meet client needs, manage businesses and develop financial advisors will drive UBS Wealth Management Americas to a higher level of performance and return for all stakeholders.

"In the Americas alone, the wealth management market opportunity represents high net worth assets in excess of USD 20 trillion. Under Bob's leadership, I believe that the business will now consolidate its position as the firm of choice for those clients seeking a fully integrated offering of diverse products and tailored advisory services."

Mr. McCann said: "Coming to UBS is a once-in-a-lifetime opportunity to join a leading global wealth manager. It is a firm that I always considered to be a tough competitor and I will add my energy and ideas to the turnaround underway. The domestic Americas business represents an enormous wealth management opportunity for UBS. I see tremendous long-term potential growth for clients, employees and shareholders."

Over a 26-year career at Merrill Lynch, Mr. McCann held a variety of executive leadership positions throughout the firm. Prior to his departure in January 2009, Mr. McCann was President of Global Wealth Management. Previous roles he held during his tenure at the firm included Vice Chairman of the firm's Wealth Management Group, which included Global Private Client and Merrill Lynch Investment Managers. He was also Head of Global Securities Research, Chief Operating Officer of Global Markets and Investment Banking, Head of Global Institutional Sales and Head of Global Equity Trading and Markets.

Mr. McCann received a B.A. in Economics from Bethany College and an M.B.A. from Texas Christian University.

William Ortner to join UBS as Managing Director and Co-Head OF Structured Equity Capital Markets, Americas

2009-10-26T13:26:00.000+01:00

UBS Investment Bank announced today that William Ortner will join the firm's Investment Banking Department as a Managing Director in Equity Capital Markets, where he will co-head Structured Equity Capital Markets for the Americas. He will be based in New York and report to Mary Ann Deignan, Head of Equity Capital Markets for the Americas.

Prior to joining UBS, Ortner, 42, headed Structured Finance at Structured Investment Management, a New York-based mutual fund advisor. Previously, he was at Barclays Capital, where he headed Equity-Linked Capital Markets for the Americas. Before joining Barclays, he was a Managing Director at Citigroup responsible for corporate equity derivatives. Earlier in his career, Ortner was an associate in the corporate department of the law firm Shearman & Sterling.

"We are seeing strong growth in the number of companies raising capital through equity transactions and expect that to increase even further in 2010," said Deignan. "Bill's combination of experience and skill in helping companies achieve their equity objectives using derivatives and other structured products, will be of great benefit to our growing client base."

Ortner holds a JD from Boston University School of Law and a BA from Tufts University.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 70,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS appoints John F. Bradley as Group head of Human Resources

2009-10-23T12:00:00.000+02:00

UBS today announced that John F. Bradley will join UBS as Group head of Human Resources (HR) based in Zurich with immediate effect. During his 26 years with JP Morgan Chase & Co., where he concluded his career as global head of HR, John gained extensive leadership experience in all areas of HR management. Gery Brüderlin, UBS's current Group head of HR, will stay with UBS in a yet to be determined role and work with John during the transition period.

UBS Wealth Management Research Publishes New Report: Retirement Planning Now - "Risk: How Much is Enough?"

2009-10-15T09:10:00.000+02:00

UBS Wealth Management Research -- Americas, in collaboration with other UBS business groups, today issued its latest report: "Risk: How much is enough?" The report examines the topic of financial risk and its crucial role in helping investors to narrow the gap between the current values of their assets and the amount necessary to meet their goals during retirement.

In addition to more traditional approaches, UBS presents a nontraditional investment strategy for retirement planning, where investors match specific segments of their portfolios to clearly defined objectives, which reflect their different needs, wants and wishes.

While the global financial crisis has started to abate, for many investors, especially those nearing retirement, the fallout has resulted in an imbalance between the current values of their assets and how much they will need to meet their projected retirement needs. The question for investors is, "How do you close this retirement gap?" As a result, investors face difficult choices as they relate to the three dimensions of retirement planning: increasing savings, adjusting risk and resetting goals.

In the past, the traditional investment planning strategy to restore balance to a retirement portfolio involved examining the retirement "trilemma," which includes boosting savings (working longer), scaling back goals and reassessing the investor's risk appetite.

In this new approach, as outlined by UBS, investors should segment their portfolio to help them identify how much financial risk they need to take in order to meet their retirement goals.

While this process won't painlessly solve the retirement "trilemma," it can empower investors who otherwise might avoid risk altogether. The strategy presented in the report allows an investor to manage their potential losses to an acceptable level while retaining the prospect of achieving key goals.
With this in mind, UBS suggests the following "buckets" in planning for retirement:

• The first risk bucket should contain funds required to fulfill the liquidity needs for an individual over some predefined time horizon. The sole purpose of this bucket is to provide an investor with a level of security in any contingency.

• The core bucket contains the bulk of an individual's assets and should reflect the investor's risk preference and be positioned for the maximum return versus risk. It is important this bucket is viewed within the context of an investor's total assets.

• The leverage bucket contains a mix of riskier assets that should be used as a risk overlay and offers the investor the opportunity to dial up or dial down their risk tolerance.

"The benefits of a segmented approach are found not so much in characteristics of the portfolios, but the ability to construct a portfolio that addresses the investor's loss aversion concerns, while at the same time allowing enough financial risk-taking to meet the investor's goals," said Mike Ryan, Head Wealth Management Research -- Americas.

The risk overlay strategy, provided in the third bucket, offers some probability that investors will be able to at least partially realize their wishes (such as travel or a second home), while at the same time helping to narrow the retirement gap.

For example, using this investment strategy, investors who lower their spending objectives in retirement and transfer the difference to riskier assets might find themselves taking only a slight reduction in their immediate liquidity while availing themselves of greater upside potential.

"It is important to note that this strategy isn't for everyone and will not eliminate financial risk from a portfolio," said Ryan. "However, coupled with sound investment advice, this approach provides advantages for those investors seeking to limit overall downside risk, while still attempting to achieve a certain set of goals."

For more information and to download the report, go to www.ubs.com/retirementplanning.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 70,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS outlook Switzerland 4th quarter 2009 - Swiss economy soon back on growth track

2009-10-15T08:00:00.000+02:00

The Swiss economy has now bottomed out and should return to positive growth in the fourth quarter. The UBS Business Cycle Indicator, which is based on a quarterly survey, is pointing to renewed expansion.

UBS names Allen Lo Hong Kong Country Head

2009-10-12T13:49:00.000+02:00

UBS AG today named Allen LO as Country Head for Hong Kong and Chief Executive of UBS AG, Hong Kong Branch.

UBS Investment Bank Expands Energy Banking Team With the Addition of 18 Investment Bankers

2009-10-06T08:30:00.000+02:00

New Team to Focus on Energy Lending

UBS Opens New Investment Banking Office in Dallas

UBS Investment Bank today announced that it will expand its Global Energy banking practice with the addition of 18 seasoned bankers focused on energy lending. As part of this expansion, UBS has named Darrell Holley as Managing Director and Global Head of Energy Lending.

"The energy sector has been very resilient during the current economic downturn, and we expect it will be one of the most active sectors in mergers and acquisitions, and equity and debt financings as the economy recovers," said Stephen Trauber, Global Head of Energy banking at UBS. "Despite a downturn in the global economy, UBS's Energy Banking business has remained extremely strong over the past two years and we are experiencing a constantly expanding business pipeline. The addition of a highly experienced team with deep knowledge of energy lending markets will bolster our ability to serve clients, grow our overall lending franchise and continue to increase our energy market share."

The 18-person team, which includes Holley and eight Executive Directors, will be based at a new UBS Investment Banking Department (IBD) office in Dallas, Texas, and will complement UBS's existing Energy Banking team in Houston and New York. The team joining UBS has significant experience in the energy lending arena and has transaction experience across a broad range of markets, products and borrowers.

Holley will report to Trauber. He was previously with Fortis Bank in Dallas, where he was Global Head of Oil and Gas banking. Prior to Fortis, he was a Vice President at Chemical Bank in the energy group. He holds a BS from Texas A&M University. "We have added over a dozen Managing Directors to our IBD franchise over the last month and we will continue to expand our senior coverage of key sectors," said Kevin Cox, Americas Head of IBD. "The addition of this energy team is exciting for us, as lending is an important offering to our clients, and in the current environment we see tremendous opportunities to arrange financing for transactions."

The UBS Global Energy Banking Group is one of the industry's largest dedicated Energy teams and serves the entire spectrum of energy clients from integrated and national oil companies, to upstream, oilfield services, midstream and refining/marketing companies. With locations in the Americas, Europe and Asia, UBS's Global Energy practice has worked on numerous high-profile transactions in capital markets and M&A advisory over the past 12 months, including roles as financial advisor to Grey Wolf on the company's $2 billion sale to Precision Drilling; financial advisor to W-H Energy on the company's $3.2 billion sale to Smith International; lead bookrunner on Anadarko Petroleum's $1.5 billion equity financing; joint bookorunner on Devon Energy's $1.2 billion debt financing; and lead bookrunner on Weatherford International's $1.25 billion debt financing.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Global Management Reports Pension Plans Ended the Third Quarter With a Weaker Funding Ratio, as Liabilities Outperformed Assets

2009-10-05T14:30:00.000+02:00

UBS Global Life Sciences Conference Opens in New York

2009-09-29T08:00:00.000+02:00

The UBS Global Life Sciences Conference opens today at the Grand Hyatt in New York City and runs through Wednesday, September 23. The annual UBS Global Life Sciences Conference is among the largest health care investor conferences in the world. Senior executives from the leading pharmaceutical, biotechnology and medical technology companies will provide their insight and outlook on the global life sciences industry. More than 2,000 people are expected to attend. Presenting companies include:

Actelion Pharmaceuticals Ltd.
Agilent Technologies, Inc.
Alcon, Inc.
Alexion Pharmaceuticals, Inc.
Allergan, Inc.
Allscripts-Misys Healthcare Solutions, Inc.
AstraZeneca PLC
Biogen Idec Inc.
BioMed Realty Trust Inc.
bioMerieux SA
Cardinal Health, Inc.
CareFusion Corporation
Celgene Corporation
Cephalon Corporation
Charles River Laboratories International, Inc.
Covance Inc.
Danaher Corporation
DENTSPLY International
Eli Lilly and Company
F. Hoffmann - La Roche Ltd.
Genzyme Corporation
Gilead Sciences, Inc.
Hospira, Inc.
Human Genome Sciences Inc.
Illumina, Inc.
IMS Health, Inc.
Intuitive Surgical, Inc.
Laboratory Corporation of America Holdings
Life Technologies Corporation
Merck & Co., Inc.
Mettler-Toledo International Inc.
Millipore Corporation
Mylan Inc.
Myriad Genetics, Inc.
Novartis AG
Pall Corporation
PharMerica Corporation
QIAGEN N.V.
Quality Systems, Inc.
ResMed Inc.
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Sigma-Aldrich Corporation
Smith & Nephew plc
Stericycle, Inc.
Stryker Corporation
Teva Pharmaceutical Industries Limited
Thermo Fisher Scientific Inc.
Vertex Pharmaceuticals Incorporated
Zimmer Holdings, Inc.

^{*This is a partial list of presenting companies. Companies subject to change.

To access the agenda, please go to www.ibb.ubs.com/Conferences.}

Audio transmissions and the conference agenda will be available on the UBS Investment Bank website at www.ibb.ubs.com/Conferences. Audio transmissions of company presentations will be available live and by replay. Replays will begin three hours after the actual presentation time and will be available on the site for up to four weeks.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

Private consumption remained under pressure in August

2009-09-29T08:00:00.000+02:00

The economy is exerting pressure on consumer spending. The UBS consumption indicator has weakened once again in August and at 0.66 is clearly below its long-standing average of 1.5. Despite the decline, the indicator continues to hint at a modest expansion in Swiss private consumption.

Sergio Marchionne and Peter Voser will not stand for re-election to the Board of Directors of UBS AG

2009-09-29T07:00:00.000+02:00

Sergio Marchionne, senior independent director of the Board of Directors of UBS AG, and Peter Voser will not stand for re-election to the Board of UBS AG at the general assembly of 14 April 2010.

UBS Investment Bank Strengthens Healthcare Banking Team by Hiring Four Managing Directors

2009-09-16T16:00:00.000+02:00

UBS Investment Bank announced today that it has hired four senior investment bankers within the firm's Healthcare Banking group. Denis Fabre, Steven L. Fisch, M.D., Les Franks and Holly Sheffield will join the firm's Investment Banking Department (IBD) as Managing Directors. Fisch, Franks and Sheffield will report to M. Robert DiGia, Global Head of Healthcare banking, and will be based in New York City. Fabre will be based in London and report to Doug McCutcheon, Head of Healthcare for Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC).

"Denis, Steven, Les and Holly are each outstanding in their fields, with proven credibility advising top-tier clients and delivering strategic solutions," said DiGia. "We are thrilled they will be joining UBS and are confident they will continue to strengthen and advance our coverage of the sector, offering unique, strategic advisory and financing solutions for clients."

Fabre will be responsible for the medical technology and services segments of Healthcare in EMEA. He was most recently a Managing Director on the Healthcare Team at Deutsche Bank. Prior to Deutsche Bank, he worked at Lehman Brothers and Bear Stearns. Denis has an MBA from The Wharton School at the University of Pennsylvania, and a degree in Business Administration and Finance from HEC, Ecole des Hautes Etudes Commerciales, France.

Fisch will have responsibility for the Firm's life sciences coverage efforts. Fisch has worked for the past 16 years advising clients, including time spent at Credit Suisse as Co-Head of Life Sciences and at Citi as Co-Head of US Healthcare. He most recently worked as an independent consultant advising healthcare companies and has also worked for the Adaptive Design Association, a nonprofit that makes customized equipment for children with disabilities. Fisch holds an MD from the College of Physicians and Surgeons at Columbia University and was a resident in Internal Medicine at New York-Presbyterian Hospital. He holds a BA from the University of Pennsylvania.

Franks will oversee sectors within Services including distribution, pharmaceutical services and healthcare information technology. He will join UBS from Thomas Weisel Partners where he was a Managing Director on their healthcare team. He previously spent eight years at Banc of America Securities, most recently as a Managing Director. Earlier in his career, Franks worked at UBS in the Healthcare group. Franks holds an MBA from the Columbia Business School and a BS from University of Georgia, Athens.

Sheffield will be responsible for banking coverage for all subsectors of medical technology. She will join UBS after 13 years at Credit Suisse where she was most recently a Managing Director in Healthcare Banking in San Francisco and New York. Sheffield holds an MBA from Columbia Business School and a BA from Cornell University.

Rick Leaman, Global Head of IBD, added, "Healthcare is an important and key sector to UBS. By bringing on board talented and highly sought after bankers like Denis, Steven, Les and Holly, it demonstrates UBS's commitment to growing this integral part of the business. I believe we will quickly see an impact from their addition to the Healthcare Banking group."

UBS's Global Healthcare Group is one of the largest healthcare investment banking groups in the industry with over 50 bankers across the US, Europe, Asia, Australia and Latin America. The group's 16 senior coverage officers provide coverage across the healthcare services, pharmaceuticals, specialty pharmaceuticals, medical technology and biotechnology sectors.

Over the past several months, UBS's Global Healthcare Group has worked on numerous high-profile transactions in capital markets and M&A advisory with an aggregate value of more than $10 billion. Notable transactions include: Joint Global Coordinator and Joint Bookrunning Manager on Sinopharm's $1.1 billion Initial Public Offering, the largest ever healthcare IPO in Asia; Joint Bookrunning Manager on Emdeon's $422 million Initial Public Offering, the largest Healthcare IT IPO in 10 years; Lead Bookrunning Manager on Cumberland Pharmaceuticals' $85 million Initial Public Offering, the first U.S. biopharmaceutical IPO in the last 22 months; Exclusive Financial Advisor to Concateno Plc on its $240 million sale to Inverness Medical Innovations, Inc.; Joint Bookrunning Manager on Merck & Co's $4.25 billion 4-Tranche Bond Offering, representing the first debt transaction UBS has led for Merck.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Investment Bank Hires Bora Sila as Managing Director and Head of Americas Retail Banking

2009-09-15T15:00:00.000+02:00

UBS Investment Bank today announced that Bora Sila will join its Investment Banking Department (IBD) as Managing Director and Head of Americas Retail Coverage within the firm's Global Consumer Products and Retail Group. Sila will report to Guy Phillips, Global Head of Consumer Products and Retail Group, and will be based in New York City.

In his new role, Sila will be responsible for banking coverage for all retail clients in the Americas. He joins UBS after 19 years at Citigroup where he held a number of senior positions in investment banking focusing on retail clients, most recently as co-head of the retail investment banking practice. Sila began his career at Goldman Sachs in equity research.

"Even in today's volatile markets, we are seeing an increasing level of deal activity among retail companies, whether in M&A, capital raisings or restructurings," said Phillips. "Bora's depth of relationships, ability to manage complex transactions and significant industry knowledge gained from nearly two decades covering retail companies will be of great benefit to our clients as they look to UBS for superior advice and execution."

Sila holds a BA from the University of Pennsylvania and an MBA from Columbia Business School.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS consumption indicator again lower

2009-08-25T08:00:00.000+02:00

In July, the UBS consumption indicator continued in its downward trend after following last month's temporary rise. The indicator recorded a level of 0.77, representing the tenth time in a row it has registered below its long-term average of 1.5. The indicator's level hints at a modest expansion in Swiss private consumption.

Times still hard for SMEs - Apprenticeship market intact

2009-08-20T08:00:00.000+02:00

The slump in business suffered by small and medium-sized enterprises (SMEs) in Switzerland in the first quarter, persisted during the second quarter. Revenues and cash flows fell further and even minor staff cutbacks continued. A sector comparison revealed that industrial SMEs appear to be suffering most in the current economic environment, but they expect the situation to improve in the third quarter. The survey findings on apprenticeships are more encouraging.

Agreement to resolve the John Doe summons

2009-08-12T17:15:00.000+02:00

Today, the US government informed the US District Court of the Southern District of Florida that all parties have reached an agreement to resolve the John Doe summons matter and that they have initialed the final documentation. The hearing scheduled for 17 August will be removed from the court's calendar, and immediately after the formal signing has occurred, the parties will file the agreed upon stipulation of dismissal with the court.

UBS reports a second quarter loss of CHF 1.4 billion; quarter-end BIS tier 1 ratio of 13.2%

2009-08-04T07:00:00.000+02:00

UBS reports a second quarter loss of CHF 1,402 million.

Update on John Doe Summons Litigation

2009-07-31T17:00:00.000+02:00

The US Government has informed the Court in the John Doe Summons matter that the parties have reached an agreement in principle on the major issues and expect to resolve the remaining issues in the coming week. A status conference among the parties has been scheduled for August 7, 2009. At the request of the US and Swiss Governments, we have agreed not to comment further at this time.

Update on John Doe Summons Litigation

2009-07-31T13:05:00.000+02:00

China's and Hong Kong's property prices to post significant rises in 2009 and 2010

2009-07-30T11:36:00.000+02:00

The UBS consumption indicator regains some ground

2009-07-28T08:00:00.000+02:00

Following a 12-month downswing, the UBS consumption indicator recovered slightly in June. However, it still remains below its long-term average. While the indicator's level hints at a modest expansion in Swiss private consumption, the environment for the coming months remains difficult.

UBS Names Stuart Hendel as Global Head of Prime Brokerage and Mitch Moore as Global Head of Exchange-Traded Derivatives

2009-07-23T15:15:00.000+02:00

UBS Investment Bank announced today that it has appointed Stuart Hendel as Global Head of Prime Brokerage. UBS also announced that it has named Mitch Moore as Global Head of Exchange-Traded Derivatives (ETD). Both Hendel and Moore will report to Daniel Coleman, Global Head of Equities.

Hendel, 50, previously held the position of Global Head of Prime Brokerage at Morgan Stanley in New York. From 2004 through 2007, he served as Chief Operating Officer of Eton Park Capital Management. Prior to joining Eton Park, Hendel was US Head of Prime Brokerage at Morgan Stanley.

"We consider prime brokerage a critical offering within our leading global Equities business and a business we are strongly committed to," said Coleman. "Since the onset of the financial crisis and dislocation in the markets, the hedge fund landscape and the needs of those clients have changed significantly. Stu's long and respected track record running a global prime brokerage business and developing innovative solutions for this important client segment will serve to strengthen and grow our franchise."

Moore, 46, joined UBS in 1992 and rejoins the firm following his departure last year. He previously ran the ETD business for UBS and its predecessor firm, Union Bank of Switzerland. Most recently, until March 2008, he held the position of Global Chief Operating Officer for Equities and Fixed Income, Currencies & Commodities (FICC) at UBS. Moore has also held other senior positions at the firm, including Global Head of Prime Brokerage and Global Head of Convertible Sales.

"Over the coming years, the derivatives clearing business is likely to be the area of the securities industry that will see the most change, which will present an enormous potential for growth in new products," said Coleman. "With more than a decade of experience in clearing businesses, Mitch has the background, seniority and caliber to grow this business into new areas and take advantage of these exciting opportunities."

Both appointments are effective September 1, 2009. Hendel will be based in New York and Moore will be based in London.

Hendel earned his BA from Wesleyan University and his JD from Cornell University Law School. Moore holds a BSc in business administration from the University of Bath.

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. 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 over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

UBS Investment Bank expands coverage in US Equities Research with new senior hires

2009-07-21T08:30:00.000+02:00

UBS Investment Bank announced today that it has hired three analysts in US Equities Research. Janet Pegg and Heather Wolf have joined US Equities Research as Managing Directors and Erika Penala as a Director. Pegg joins UBS in the Strategy & Valuation group as an accounting analyst. Wolf will be the head of a Financials team covering Large Cap Banks and Penala will cover Mid- and Small-Cap Banks, reporting to Wolf. Both Pegg and Wolf will be based in New York and will report to David Bleustein, Head of US Equities Research.

"UBS is proud to offer our clients the differentiated research they need across a broad coverage universe," said Bleustein. "Janet, Heather and the new Financials team bring significant knowledge and experience in their respective fields, and we look forward to their contributions both to their sectors and to our overall research offering."

Pegg joins UBS from Encima Global where she was an Accounting and Tax analyst. Prior to Encima, she spent 25 years as a top-rated analyst at Bear Stearns & Co. where she was ranked in the Institutional Investor All-America Research team survey for the past five years, placing first in 2007. She has extensive knowledge of the Accounting and Taxation spaces with many years of experience focusing on US and international GAAP, SEC reporting requirements, and US federal taxation together with their implications to investment analysis. Pegg holds an MBA from New York University and a Bachelor of Arts in Economics from Rutgers University.

Wolf will cover US Large-Cap Banks within the Financials sector. She joins from Banc of America Securities-Merrill Lynch where she was a top-rated analyst for the past five years covering US Large-, Mid- and Small-Cap banks. She placed 1st in her sector in 2008 in the Institutional Investor All-America Research team survey. Prior to joining Merrill Lynch, Heather spent six years at Goldman Sachs, where she covered US and Canadian financial services companies. Heather earned her Bachelor of Science in Commerce from the University of Virginia and is also a CFA charterholder.

Penala joins UBS as a Director in the Financials sector. She spent the last three and a half years working as an analyst in the US Mid- and Small-Cap Banks space at Banc of America Securities-Merrill Lynch.

UBS has more Institutional Investor ranked analysts than any other firm and is a leading provider of research on companies, industry sectors, geographical markets and macroeconomic trends. UBS Equities Research covers more than 3,300 companies globally, representing 85% of the world's market capitalization.

UBS Saudi Arabia receives commencement letter from the Capital Market Authority of the Kingdom of Saudi Arabia

2009-07-14T08:30:00.000+02:00

UBS AG today announces that UBS Saudi Arabia has received approval from the Capital Market Authority (CMA) to commence securities business activities in the Kingdom of Saudi Arabia. This enables the firm to expand its presence in the Middle East and marks a further step towards the firm's goal of becoming one of the region's leading financial services providers.
UBS Saudi Arabia is based in Riyadh and will provide the firm's comprehensive range of services to government, corporate and individual clients covering wealth management, investment banking, fixed income sales and execution, and institutional asset management.

In establishing UBS Saudi Arabia, UBS has partnered with local interests including Mohammed Al Dhoheyan, previously CEO of the Development and Management House for Investments, and MerchantBridge, an equity house investing in the Middle East.

John Fraser, Chairman and CEO of UBS Global Asset Management, UBS AG Group Executive Board member and Chairman of UBS Saudi Arabia said: "We are delighted with the approval to commence business in Saudi Arabia and look forward to providing top quality financial and securities business services to our clients in the Kingdom."

"With over 40 years' experience in the region, our decision to establish UBS Saudi Arabia in the Kingdom is further affirmation of UBS's long-standing commitment to the Middle East and marks yet another important milestone in this very critical and substantial market."

Mohamed Sammakia, CEO of UBS Saudi Arabia also commented: "Saudi Arabia is the dominant market in the Gulf region and, as such, we are very determined to make this business a success. In particular we are very proud of the excellent team already on the ground that will support our local clients and capitalise on the myriad of opportunities within the Kingdom".

Mohamed Al Dhoheyan, Vice Chairman of UBS Saudi Arabia also commented: "UBS has a deep-rooted relationship with the Kingdom dating back to the early 1950s. We have a great opportunity to capitalize on our strengths by now being on the ground."

The US government and UBS, supported by the Swiss government, agree to 15-day suspension of John Doe summons litigation

2009-07-12T18:40:00.000+02:00

UBS welcomes the announcement that the US and Swiss governments have agreed to negotiations for the purpose of resolving the John Doe summons litigation.

This agreement has resulted in a joint motion by the US government and UBS, with the support of the Swiss government, for a stay of the litigation in Miami for a duration of 15 days in order to achieve a settlement. The parties and the Swiss government will present this motion for the court's approval on Monday morning.

UBS outlook Switzerland 3rd quarter 2009 - UBS Business Cycle Indicator reaches historic low

2009-07-07T09:00:00.000+02:00

In the second quarter of 2009, the UBS Business Cycle Indicator reached a historic low. According to UBS's quarterly survey in Swiss industry, new orders, sales, earnings and production dropped, while job cuts accelerated further. Prospects for the third quarter remain dismal.

UBS consumption indicator falls further

2009-06-30T08:00:00.000+02:00

The UBS consumption indicator continued to fall in May. At 0.77, it remained below its long-term average. At its current level, the UBS consumption indicator suggests that Swiss consumer spending is still rising slightly. Its prospects are, however, becoming increasingly gloomy.

Asian economies first to rebound globally, according to UBS Wealth Management

2009-06-29T10:00:00.000+02:00

In its latest report, "Asia Outlook second half 2009: Asia emerges stronger", UBS Wealth Management Research holds that Asia's strong rebound from the lows of the financial crisis is sustainable relative to its global peers. While the team acknowledges the risk of consolidation over the short term, it views Asia as having a leg up over the rest of the world given the region's fundamentals, liquidity, and existing investor positions.

CHF 3.8 billion placement of new shares from authorized capital

2009-06-25T23:16:00.000+02:00

UBS is offering 293,258,050 newly issued shares from authorized capital to a small number of institutional investors at a price of CHF 13.00 per share. After deducting costs associated with the placement, the amount of new equity capital expected to be raised is approximately CHF 3.8 billion.

UBS provides an update on its current trading performance

2009-06-25T23:15:00.000+02:00

Based upon preliminary results for April and May and estimated results for June, UBS expects to incur a net loss for its second quarter 2009. The majority of the expected loss is attributable to own credit and the restructuring charges that have already been announced. The operating result for the quarter is expected to represent an improvement compared with the first quarter of 2009, largely attributable to better market conditions affecting the Investment Bank and a reduction in losses and write downs on legacy risk positions.

UBS appoints Chi-Won Yoon as Chairman & CEO, Asia Pacific

2009-06-25T07:00:00.000+02:00

UBS today announced the appointment of Chi-Won Yoon as Chairman & CEO of Asia Pacific and as member of UBS's Group Executive Board, with immediate effect. Yoon succeeds Rory Tapner who, after 25 years, is leaving UBS.

UBS Investment Bank Continues Expansion of Alternative Research Through Strategic Alliance with Abacus Analytics

2009-06-24T08:30:00.000+02:00

UBS Investment Bank's Equities Research business announced today that UBS Alternative Research has continued its expansion by broadening its existing relationship with Abacus Analytics, a quantitative consulting firm. Offerings from Abacus include research and consulting services organized around the portfolio management process, featuring models and analytics for alpha generation, risk management, portfolio construction and performance attribution.

Fixed Income APAC Appointment

2009-06-23T12:55:00.000+02:00

UBS Global Asset Management appoints Head of Fixed Income, Asia Pacific

UBS Investment Bank tops Thomson Reuters Extel Survey 2009 for unprecedented ninth consecutive year

2009-06-17T16:46:00.000+02:00

UBS Investment Bank was today voted the Leading Pan-European Brokerage firm for Equity and Equity Linked Research for a record ninth consecutive year and increased its lead over the nearest competitor from 1.23% in 2008 to 1.56% in 2009.

China Market Strategy - Range bound before the next bull market

2009-06-09T12:30:00.000+02:00

China's equities will continue to rise throughout 2009. However, with global economic demand and China's external demand remaining weak, momentum risks running ahead of fundamentals, which will lead to stretched valuations. UBS believes that this will be the biggest challenge facing investors in China in 2009 as index prices become more sensitive to negative news. But important seeds for the next bull-run have been planted and strong liquidity and improving fundamentals will drive China to another multi-year high.

UBS Global Technology & Services Conference Opens in New York

2009-06-08T08:00:00.000+02:00

The UBS Global Technology & Services Conference opens today at the Sheraton New York Hotel and Towers in New York City and runs through Wednesday, June 10. The conference will feature presentations by senior executives from more than 180 global technology and services firms to provide insight into the industry.

UBS Investment Bank Expands Alternative Research Through Strategic Alliance with Trucost

2009-06-05T08:30:00.000+02:00

UBS Investment Bank announced today that its Alternative Research business has entered into a strategic alliance with Trucost Plc., an environmental research organization providing data and analysis on the carbon impacts of companies. Trucost helps investors, companies and governments understand how environmental issues will affect companies' business activities.

Carbon pricing - the impact on Asia companies

2009-06-04T11:37:00.000+02:00

In December 2009, the United Nations Framework Convention of Climate Change (UNFCCC) is meeting in Copenhagen. UBS expects this gathering to act as a catalyst for the wider introduction of carbon pricing. The latest UBS Investment Bank Q-Series® on Asian Structural Themes examines the range of potential outcomes stemming from Copenhagen and the implications carbon pricing would have on the earnings of 300 Asian companies.

UBS consumption indicator slightly falling

2009-05-26T08:00:00.000+02:00

The UBS consumption indicator fell slightly in April. At 0.92 it remained below its long-term average. At its current level, the UBS consumption indicator signals that Swiss consumer spending is continuing to increase slightly. The prospects are, however, becoming increasingly gloomy.

UBS restates 2008 annual report

2009-05-20T20:00:00.000+02:00

As announced in UBS's first quarter 2009 report published on 5 May 2009, UBS has restated its annual report for 2008, including the financial statements and other information.

China's auto market - the key beneficiaries

2009-05-19T11:37:00.000+02:00

China's auto market has experienced substantial growth over the past decade and is poised to become the largest auto market in the world. With government policies reviving consumer confidence and stemming the fall in auto sales following a dramatic slow down in the domestic economy in 2008, China's auto market is one of the few that continues to grow. However, shifts in demand means new domestic champions will emerge.

UBS sweeps the board in Asia's largest client-voted private banking poll

2009-05-19T11:12:00.000+02:00

Asiamoney's fifth annual private banking poll has named UBS Wealth Management the Overall Best Private Bank in Asia in a survey of high net-worth individuals across the region.

UBS launches internal crossing platform - the UBS Price Improvement Network (UBS PIN)

2009-05-18T09:16:00.000+02:00

The global Equities business of UBS (NYSE: UBS; VTX: UBS) today announced the launch of an internal crossing platform in Hong Kong - the UBS Price Improvement Network (UBS PIN).

SME: severe setbacks in exports

2009-05-14T09:00:00.000+02:00

Small and medium-sized enterprises (SMEs) in Switzerland had expected a decisive cut in business activity in the first quarter. However, the actual downtrend turned out to be considerably more severe than anticipated in the previous quarter, particularly for the exports of SMEs. Against a backdrop of falling revenues, profits and sales prices, SMEs have started to downsize their workforces.

UBS Investment Bank Expands US Equities Research With New Communications Sector Team

2009-05-12T08:30:00.000+02:00

UBS Investment Bank announced today that it has hired a new team in the Communications sector, focusing on internet, interactive entertainment and related technology companies. Brian Pitz joins as an Executive Director and the team leader, Brian Fitzgerald as a Director, and Kaizad Gotla as an Associate Analyst. Fitzgerald and Gotla report to Pitz, who reports to John Hodulik, Managing Director and Sector Head of the Communications group.

UBS names Andreas Höfert new chief economist in Switzerland

2009-05-08T16:30:00.000+02:00

UBS has named Andreas Höfert the chief economist of Wealth Management & Swiss Bank.

Andreas Höfert (1967) has been with UBS since 1999, first as a senior economist in Corporate Center and later as the head of Swiss Macroeconomic Research in the Investment Bank. He was also the head of Macro and Fixed Income Research for Wealth Management in the US before his current role.

Oswald J. Grübel, Group CEO, said: "The role of the chief economist has an important meaning at UBS. In these times of fundamental economic change, independent analysis and recommendations are critical for our clients."

Andreas Höfert studied economics with a specialization in international macroeconomics and econometrics at the University of St. Gallen, where he also received his PhD. He is a Swiss citizen and is from Geneva.

The previous chief economist, Klaus Wellershoff, is concentrating on his ongoing projects as an independent economic expert. UBS thanks Klaus Wellershoff for his outstanding work as a long-time chief economist and wishes him much success in his future entrepreneurial endeavors.

UBS Investment Bank Completes Acquisition of the Commodity Index Business of AIG Financial Products Corp

2009-05-07T08:30:00.000+02:00

UBS Investment Bank announced today that its Equities business has completed the acquisition of the commodity index business of AIG Financial Products Corp, including AIG's rights to the the Dow Jones-AIG Commodity Index. The transaction closed on May 6, 2009.

UBS reports a first quarter loss of CHF 2.0 billion; quarter-end BIS tier 1 ratio of 10.5%

2009-05-05T07:00:00.000+02:00

UBS reports a first quarter loss of CHF 1,975 million.

UBS outlook, 2nd quarter 2009 - Swiss manufacturers and service providers deep in recession

2009-04-29T09:00:00.000+02:00

Swiss companies continue to struggle in a difficult market environment. According to the latest UBS survey in the first quarter of 2009, exporters are particularly feeling the heat. Domestically oriented industries and service providers, on the other hand, are not faring as badly. Expectations for the second quarter remain poor.

UBS Hires Andy Blocker as a Managing Director for US Public Policy

2009-04-28T15:30:00.000+02:00

UBS Global Asset Management today announced the appointment of John UBS today announced that it has hired Ananias (Andy) Blocker as a Managing Director in its US Office of Public Policy. Blocker is based in Washington, DC and will represent UBS on banking, securities and other financial services issues on Capitol Hill and the executive branch. He reports to John Savercool, Head of US Public Policy.

UBS consumption indicator recovers slightly

2009-04-28T08:00:00.000+02:00

The UBS consumption indicator rose slightly in March. However, at 0.99, it remains below its long-term average. At its current level, the UBS consumption indicator signals that Swiss consumer spending is continuing to increase slightly. The prospects are, however, becoming increasingly gloomy.

UBS names Alex Wilmot-Sitwell and Carsten Kengeter as co-CEOs of its Investment Bank

2009-04-27T07:00:00.000+02:00

Jerker Johansson, CEO UBS Investment Bank, has resigned from UBS with immediate effect.

UBS's position in regard to the "Frontal21" TV program (German television ZDF on 21.04.09)

2009-04-22T17:00:00.000+02:00

UBS takes the following position in regard to the "Frontal21" TV program (ZDF on 21.04.09) and the speculation it contained:

The so-called "confidential internal memo", that was supposedly sent to a UBS vice chairman and shown on the program, is a counterfeit. The assertions made in the program are without any basis in fact.

In the alleged memo, meetings were referred to and figures listed about internal foundations and companies that UBS purportedly established in Liechtenstein, Panama, the British Virgin Islands and Jersey for German clients.

UBS enhances coverage of Indian mid and small-cap sectors through strategic alliance with Noble

2009-04-20T11:33:00.000+02:00

In line with its continued commitment to enhance the breadth and depth of its equity research offering, UBS today entered into a strategic alliance with Noble, a research-led investment bank specializes in UK and Indian mid- and small-cap stocks.

UBS sells its Brazilian operation "UBS Pactual" for approximately USD 2.5 billion (CHF 2.8 billion)

2009-04-20T07:00:00.000+02:00

Today, UBS announces that it has agreed to sell its Brazilian financial services business, UBS Pactual, for approximately USD 2.5 billion to BTG Investments, headed by André Esteves.

Annual General Meeting of UBS AG

2009-04-15T18:10:00.000+02:00

UBS AG shareholders elected Kaspar Villiger, Michel Demaré, Ann F. Godbehere and Axel P. Lehmann to the Board of Directors at the Annual General Meeting (AGM) on 15 April 2009. Effective immediately, Kaspar Villiger is the Chairman of the Board of Directors. Peter R. Voser, David Sidwell, Sally Bott, Rainer-Marc Frey, Bruno Gehrig and William G. Parrett were re-elected to the Board. In addition, shareholders approved the creation of conditional and authorized capital. 4,985 shareholders attended the AGM, representing 925,014,053 votes.

UBS AGM: pre-announcement of key elements of the first-quarter results, further cost-saving measures and strategy

2009-04-15T07:00:00.000+02:00

UBS appoints Andy Brown Head of Asian Financial Institutions research and John Tang as China Strategist

2009-04-13T09:45:00.000+02:00

Further strengthening its market leading equity research team, UBS Investment Bank announced the appointment of Andy BROWN as a Managing Director and Head of Financial Institutions Research, and John TANG as an Executive Director with primary responsibility for China H-share strategy.

UBS Global Management Reports Increase in US Pension Funding Ratios in 1Q2009 Due to Higher Liability Discount Rates

2009-04-03T10:00:00.000+02:00

UBS names Ulrich Körner as Group COO and CEO of Corporate Center

2009-04-01T07:00:00.000+02:00

UBS will integrate its group-wide infrastructure and service functions (IT, Human Resources, Procurement, Real Estate and Facility Management) into Corporate Center and will centralize the management of its control functions (Finance, Risk, Legal and Compliance). Ulrich Körner has been appointed Group Chief Operating Officer and a member of the Group Executive Board with immediate effect. He will lead the Corporate Center in this function and serve on the Group Executive Committee of the bank.

UBS AG Hong Kong Branch releases financial information

2009-03-31T13:15:00.000+02:00

Hong Kong (Tuesday 31 March 2009) - UBS AG's Hong Kong Branch today released its Key Financial Information Disclosure Statement, as required by the Hong Kong Monetary Authority of overseas-incorporated authorized institutions

UBS Wealth Management Research Study: "UBS research focus"

2009-03-31T10:00:00.000+02:00

The financial crisis and its aftermath

UBS consumption indicator continues to decline

2009-03-31T08:00:00.000+02:00

The UBS consumption indicator fell slightly in February. Although at 0.89 it continues to signal some growth in private consumption, it remains below its long-term average for the fifth consecutive month. As a consequence, the prospects for Swiss consumer spending are looking increasingly gloomy.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bond

2009-03-31T08:00:00.000+02:00

As of today, the following rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds:

In order to further enhance the attractiveness of UBS fixed deposit accounts and UBS medium-term bonds, clients now have the opportunity to invest from 5,000 CHF versus the previous 25,000 CHF for a one-year period.

UBS Hires Maurice Marchesini and Sean Minnihan as Managing Directors in Financial Institutions Banking

2009-03-30T10:30:00.000+02:00

UBS Investment Bank today announced that Maurice Marchesini and Sean Minnihan will join its Investment Banking Department (IBD) as Managing Directors in its Financial Institutions Group (FIG). They will report to Gary Howe and Halle Benett, Americas Co-Heads of FIG.

UBS Agrees to Sell 55 Branches to Stifel, Nicolaus & Company, Inc.

2009-03-23T16:01:00.000+01:00

Stifel Financial Corp. announced today that its principal operating subsidiary, Stifel, Nicolaus & Company, Incorporated, has entered into an exclusive agreement with UBS Financial Services Inc. to acquire up to 55 branches from the UBS Wealth Management Americas branch network.

The recession hits Swiss SMEs

2009-03-19T08:00:00.000+01:00

Small and medium-sized enterprises in Switzerland are increasingly feeling the economic downturn. Business development stagnated in the fourth quarter of 2008, and companies' expectations suggest that business has declined appreciably since the start of the year.

Agenda for the annual general meeting of UBS AG on 15 April 2009

2009-03-19T07:00:00.000+01:00

UBS AG today sent the agenda for the annual general meeting (AGM) of UBS AG on 15 April 2009 to its shareholders. The agenda items are as follows:

UBS to buy back outstanding bonds in a public tender offer

2009-03-19T07:00:00.000+01:00

UBS offers to buy outstanding lower tier 2 debt for up to EUR 1 billion using available cash. The note repurchases would result in a gain that will bolster UBS's tier 1 regulatory capital ratio.

UBS AG announces Board of Directors nominations

2009-03-16T07:00:00.000+01:00

UBS moves to a lean management structure in Switzerland

2009-03-12T10:30:00.000+01:00

UBS has consolidated the eight regions it serves in Switzerland to four and strengthened the position of those responsible for client services.

UBS publishes 2008 annual report

2009-03-11T07:00:00.000+01:00

UBS is today publishing its annual report for 2008. The report is available at www.ubs.com/annualreporting.

UBS Launches Real-Time Transaction Cost Analysis in Europe

2009-03-05T12:14:00.000+01:00

UBS Investment Bank is pleased to announce the European launch of Real-time Transaction Cost Analysis (Real-time TCA), a powerful new tool for seeking best execution.

Peter Kurer will not stand for re-election as Chairman of the UBS Board of Directors - Kaspar Villiger is nominated for election as Chairman of the UBS Board of Directors

2009-03-04T07:00:00.000+01:00

Peter Kurer, Chairman of the UBS Board of Directors, has decided not to stand for re-election at its Annual General Meeting on 15 April 2009. The UBS Board of Directors is nominating Kaspar Villiger as a candidate for the role of Chairman.

UBS appoints Oswald J. Grübel as Group Chief Executive Officer

2009-02-26T07:00:00.000+01:00

UBS announced today that the Board of Directors has appointed Oswald J. Grübel as its new Group Chief Executive Officer with immediate effect. This represents a further step to restore stakeholder confidence and to pave the way back to success.

Reaction of UBS regarding today's communiqué from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg

2009-02-25T20:00:00.000+01:00

UBS took notice of the communiqué and will defend itself vigorously

UBS Investment Bank Enhances US Equities Research With The Hiring of Two Senior Analysts

2009-02-25T08:30:00.000+01:00

UBS Investment Bank announced today that Don Carson and Marc Goodman have joined US Equities Research as Managing Directors in the Industrials and Healthcare sectors, respectively. Carson will cover Agricultural, Commodity, and Specialty Chemicals. Goodman will cover Specialty Pharmaceuticals and Generics. Carson and Goodman are based in New York and report to David Bleustein, Head of US Equities Research.

UBS consumption indicator falls in January

2009-02-24T08:00:00.000+01:00

In January, the UBS consumption indicator once again embarked on the downtrend seen in recent months. Although with 0.99 it continues to show positive growth in private consumption, it remains below its long-term average for the fourth time in a row. As a consequence, the prospects for Swiss consumer spending are looking increasingly gloomy.

UBS Intends to Challenge Enforcement of IRS "John Doe" Summons

2009-02-19T20:00:00.000+01:00

UBS AG (UBS) announced today that the U.S. Internal Revenue Service (IRS), as was expected, has commenced a civil action in the U.S. District Court for the Southern District of Florida seeking judicial enforcement of a civil "John Doe" summons that was served upon UBS in July 2008.

UBS settles US Cross-Border Case with the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC)

2009-02-18T23:45:00.000+01:00

UBS is resolving investigations relating to its US cross-border business by entering into a Deferred Prosecution Agreement (DPA) with the US Department of Justice (DOJ) and a Consent Order with the US Securities and Exchange Commission (SEC).

Consumption - the key beneficiaries in Asia

2009-02-17T10:00:00.000+01:00

Rapid economic growth in Asia has been accompanied by strong growth in consumption in the region. But, in light of current economic uncertainties, which types of consumption in which countries are likely to benefit the most in the future? UBS's latest Asian Structural Themes Q Series research report examines six consumption themes, and asks how various social and economic characteristics influence countries' consumption of different types of goods and services. The report seeks to identify the countries which will be the primary beneficiaries of different types of consumption growth as well as the companies best placed to take advantage of these trends.

UBS Provides the Best Coverage of European Equities

2009-02-13T15:00:00.000+01:00

UBS leads Institutional Investor's 2009 All-Europe Research Team for an eighth consecutive year, capturing 30 total positions. http://www.iimagazine.com

The survey is based on the responses of 1,300 investors and portfolio managers at more than 540 buy-side firms managing an estimated $6 trillion in European equities.

Nick Pink, Head of EMEA Equity Research at UBS said;

"To be recognised by our clients during one of the most challenging periods in our industries history and for an eighth consecutive year, is an exceptional achievement"

"We will continue to focus on our clients and with the addition of a number of key hires made in 2008, look forward to building on this success."

For further information and interview requests, please contact Richard Morton, UBS Media Relations, +44(0) 20 7568 0175.

Preparing UBS for the new market environment

2009-02-10T07:00:00.000+01:00

UBS announced today structural changes to adjust to new market conditions and the changing environment. UBS created two new business divisions: Wealth Management & Swiss Bank under the leadership of Franco Morra and Juerg Zeltner, and Wealth Management Americas, led by Marten Hoekstra. Each of the three executives is a member of the Group Executive Board. The new structure re-focuses UBS on its Swiss core businesses, on the large scale and strengths of its international wealth management franchise in Switzerland, and on the growth potential of its on-shore business globally. The Investment Bank has made substantive progress in de-risking and de-leveraging its balance sheet, and its overall structure has been greatly simplified. Achievable targets have been set for 2009 for further reducing headcount and for use of balance sheet and overall risk. UBS confirmed the Board of Directors' and the Group Executive Board's commitment to each of UBS's business divisions and strategy. Despite difficult market conditions, UBS has made substantial progress in adjusting its operations and has prepared itself for the new market environment.

UBS reports a fourth quarter loss of CHF 8.1 billion; excluding certain substantial items, adjusted net operating results (pre-tax) were negative CHF 2.8 billion

2009-02-10T07:00:00.000+01:00

Year-end tier 1 capital ratio of 11.5%

UBS Global Healthcare Services Conference Opens in New York

2009-02-09T08:00:00.000+01:00

The UBS Annual Global Healthcare Services Conference opens today at the Waldorf Astoria Hotel in New York City and runs through Wednesday, February 11. The conference will feature presentations and updates from senior management from more than 130 of the leading healthcare services firms around the world.

Robert Wolf is appointed to the President's Economic Recovery Advisory Board

2009-02-06T01:15:00.000+01:00

UBS outlook, first quarter 2009 - Business downturn at Swiss companies

2009-01-29T08:00:00.000+01:00

The business trend of Swiss companies deteriorated abruptly around the turn of the year. According to the latest UBS survey, most of the indicators for the fourth quarter 2008 have descended into negative territory, and the expectations for the first quarter 2009 are even gloomier.

UBS consumption indicator recovers slightly

2009-01-27T10:00:00.000+01:00

In December, the recent downward trend of the UBS consumption indicator stopped. However, at 1.15, it remains below its long-term average. As a consequence, the prospects for Swiss consumer spending are looking increasingly gloomy.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bond

2009-01-22T09:00:00.000+01:00

UBS appoints Timothy Chia as Vice Chairman of UBS Investment Bank in Asia

2009-01-21T06:43:00.000+01:00

UBS announced today it has appointed Timothy CHIA as Vice Chairman of UBS Investment Bank in Asia.

Toshiharu Kojima appointed to lead UBS in Japan

2009-01-20T14:00:00.000+01:00

Reflecting its ongoing commitment to Japan, UBS has appointed Toshiharu KOJIMA as Country Head Japan, and Chairman and Chief Executive Officer of UBS Securities Japan (UBSSJ), effective 21 January 2009.

UBS Investment Bank Enters into Agreement with AIG to Acquire the Commodity Index Business of AIG Financial Products Corp

2009-01-19T07:00:00.000+01:00

The Equities business of UBS Investment Bank announced today that it has entered into a binding agreement to purchase the commodity index business of AIG Financial Products Corp, including AIG's rights to the DJ-AIG Commodity Index. This commodity index business is comprised of a product platform of commodity index swaps and funded notes based on the benchmark Dow Jones-AIG Commodity Index (DJ-AIGCI).

The purchase price for the transaction is $15 million, payable upon closing, and additional payments of up to $135 million over the following 18 months based upon future earnings of the purchased business. The closing is subject to a number of regulatory and other conditions. No assurances can be given that any such conditions will be satisfied.

The transaction is expected to close by May 2009.

UBS announces sale of its Base Metals, Oil and US Power & Gas businesses

2009-01-16T09:01:00.000+01:00

UBS Investment Bank today announces that it has signed a transfer agreement with Barclays Bank PLC regarding the further sale of parts of its non-strategic Commodities businesses.

UBS brings together sailors with disability from Sailability Singapore and Volvo Ocean Race's Green Dragon team

2009-01-14T10:05:00.000+01:00

As part of UBS's community outreach and support for sailing in the local community, UBS Singapore organized an exclusive sailing experience for sailors with disability from Sailability Singapore, a programme of the Singapore Disability Sports Council, to sail and work alongside the Green Dragon crew, one of the competing teams in the Volvo Ocean Race 2008-2009.

UBS AG announces sale of Bank of China stake

2008-12-31T10:00:00.000+01:00

UBS consumption indicator continues to soften

2008-12-30T10:00:00.000+01:00

The UBS consumption indicator softened further in November. At 0.96, it was at its lowest level since March 2005 and remained under its long-term average value for the second time in a row. The outlook for private consumption in Switzerland is thus continuing to worsen.

UBS announces sale of its Canadian Energy and Global Agricultural Commodities businesses

2008-12-22T10:45:00.000+01:00

UBS Investment Bank today announces that it has signed a purchase agreement with J.P. Morgan regarding the sale of parts of its non-strategic Commodities businesses.

UBS to lower interest rates on savings and euro accounts

2008-12-18T09:00:00.000+01:00

Change of interest rates for UBS Time Deposit Accounts and Medium-Term Bonds

2008-12-12T17:00:00.000+01:00

UBS Global Asset Management appoints John Dugenske as Head of Fixed Income - US and Canada

2008-12-12T08:00:00.000+01:00

UBS Global Asset Management today announced the appointment of John Dugenske as Head of Fixed Income - US and Canada.

UBS Hosts 36th Annual Global Media Conference Dec. 8-10 - "The Longest Running Show on Wall Street"

2008-12-08T07:30:00.000+01:00

UBS's 36th Annual Global Media Conference will feature presentations by senior management from more than 90 leading advertising, broadcasting, publishing, multi-channel television distribution, entertainment, telecommunication, video gaming and new media companies from around the globe. The preliminary list of presenting companies includes:

UBS Wealth Management Research Study: "UBS global outlook" 2009

2008-12-04T10:00:00.000+01:00

In a new report, UBS Wealth Management Research projects a further sharp slowdown in the global economy in 2009. Most developed countries, including the US, Europe and Japan, will slip further into recession before a mild recovery sets in later in 2009. Meanwhile, emerging markets will slow considerably. The authors conclude that risk in financial markets will remain elevated, especially given the expected decline in corporate earnings during 2009. However, they also identify pockets of value, particularly in corporate bonds, where investors can selectively rebuild risk positions. The report forecasts US dollar weakness in 2009 amid a soft US economy and projected large government and foreign trade deficits.

Improved credit markets will be key to the revival in Asian equity valuations, according to UBS Investment Research

2008-12-03T10:22:00.000+01:00

A rally in Asian equities is likely to be led by an improvement in malfunctioning credit markets, and thereafter by a bottoming out of the global growth cycle, according to UBS's Asian Equity Strategy Outlook for 2009.

UBS AG Extraordinary General Meeting

2008-11-27T14:00:00.000+01:00

98.53% of voting UBS shareholders approved today the creation of conditional share capital for the issuance of mandatory convertible notes in the amount of CHF 6 billion to the Swiss Confederation.

2,395 shareholders attended the Extraordinary General Meeting in Lucerne, representing 993,568,667 votes.

UBS appoints Susumu Okamura as President and Representative Director of UBS Global Asset Management Japan

2008-11-25T10:01:00.000+01:00

UBS Global Asset Management (Japan) Ltd today appointed Susumu OKAMURA as president and representative director, effective immediately. Okamura assumes the role from Christof KUTSCHER, member of UBS's Group Managing Board and head of UBS Global Asset Management for Asia Pacific, who has concurrently held the position of President and representative director of UBS Global Asset Management (Japan) since June 2007.

Private consumption experiencing slower growth

2008-11-25T10:00:00.000+01:00

After a slight increase in September, the UBS consumption indicator noticeably fell in October. At 1.32, it dropped below its long-term average value for the first time in two and a half years. The outlook for private consumption in Switzerland is thus becoming increasingly dim.

UBS launches Direct Market Access in Malaysia

2008-11-25T09:49:00.000+01:00

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2008-11-19T17:00:00.000+01:00

UBS bolsters wealth management team in Asia with a series of key hires

2008-11-19T14:04:00.000+01:00

Underlining its commitment to maintain its market-leading business in Asia Pacific, UBS Wealth Management today announced a series of key strategic hires in Hong Kong and Singapore.

UBS Global Technology & Services Conference Opens in New York

2008-11-18T07:30:00.000+01:00

The UBS Annual Global Technology & Services Conference opens today at the Grand Hyatt in New York City and runs through Thursday, November 20. The conference will feature presentations by CEOs and other senior executives from more than 160 global technology and services firms to provide insight into the industry.

New UBS compensation model

2008-11-17T11:00:00.000+01:00

Beginning in 2009, UBS will adopt a new compensation model for the Board of Directors and the Group Executive Board.

UBS Extends Acceptance Period for Auction Rate Securities Rights Offer Until December 19, 2008

2008-11-14T09:00:00.000+01:00

To provide additional time for clients to respond, UBS has extended the acceptance period for its Auction Rate Securities (ARS) Rights Offer until 5:00 p.m., Eastern time, on December 19, 2008, unless extended further. More than 94% of the market value of ARS Rights Series A, 96% of Series B, 90% of Series C and 97% of Series G have been accepted by clients since the offer period began on October 7, 2008.

UBS increases total payroll for employees governed by the agreement on conditions of employment for bank staff

2008-11-13T10:00:00.000+01:00

As of 1 March 2009, UBS will increase the total payroll for its employees working in Switzerland by 2% up to and including middle management.

Statement On Indictment Of UBS Executive

2008-11-12T22:00:00.000+01:00

UBS confirmed today that Raoul Weil, Chairman and CEO of UBS Global Wealth Management and Business Banking and a member of the Group Executive Board, has been indicted by a Federal grand jury sitting in the Southern District of Florida in connection with the ongoing investigation of UBS's US cross-border business by the United States Department of Justice. Raoul Weil was previously head of UBS Wealth Management International from 2002 to 2007.

Mr. Weil has determined that, in the interest of the firm and its clients, and in order to defend himself, he will relinquish his duties at this time pending the resolution of this matter. On an interim basis, Marten Hoekstra, currently Deputy CEO of Global Wealth Management & Business Banking and Head of Wealth Management US, will assume Mr. Weil's duties.

As announced on July 17, 2008, UBS will cease providing cross-border private banking services to US-domiciled clients through its non-US regulated units. UBS is fully committed to continuing its efforts to cooperate with the investigation of its US cross-border business and to working in a responsible manner with all relevant authorities towards a satisfactory resolution of this matter.

UBS Investment Bank Announces Minority Stake in Governance Metrics International

2008-11-06T10:45:00.000+01:00

UBS Investment Bank announced today that it has purchased a minority stake in Governance Metrics International (GMI), a leading research advisory firm that specializes in assessing corporate governance across more than 4,200 companies globally.

UBS names Philip Lofts Group Chief Risk Officer

2008-11-04T07:05:00.000+01:00

UBS today announced that Philip Lofts has been named Group Chief Risk Officer and a member of the Group Executive Board, effective immediately. Lofts replaces Joseph Scoby, who has decided to return to his former role as Global Head of Alternative and Quantitative Investments (A&Q) within UBS Global Asset Management.

Lofts most recently served as Deputy Group Chief Risk Officer and Group Risk Chief Operating Officer. A 20 year veteran of UBS, he was previously Group Chief Credit Officer and has held a variety of risk control positions in Europe, the US and Asia-Pacific.

Marcel Rohner, Group Chief Executive Officer said, "Philip's long history in risk control and deep knowledge of UBS make him extremely qualified to lead UBS's risk organization and continue to enhance our risk management, control and reporting frameworks and processes."

Scoby, who will step down from the Group Executive Board with immediate effect, has served as Group Chief Risk Officer since October 2007.

Rohner continued, "We are very grateful to Joe for his instrumental role in reducing our risk positions and increasing the transparency of our portfolio over the last 12 months. He has successfully led our risk control function through a period of exceptional market difficulty and created a new risk organization that will serve us well in the future."

UBS reports third quarter profit of CHF 296 million

2008-11-04T07:00:00.000+01:00

UBS Launches its Tap Algorithm in Canada

2008-11-03T16:52:00.000+01:00

UBS today announced the Canadian launch of the firm's liquidity-seeking algorithm, UBS Tap. Launched in the US and Europe in 2007, UBS Tap rapidly became one of the global firm's most popular and high performing algorithmic trading strategies.

UBS Global Asset Management successfully closes its USD 1.5 billion flagship infrastructure fund

2008-11-03T12:00:00.000+01:00

UBS Global Asset Management today announced that its flagship UBS International Infrastructure Fund has successfully raised over USD 1.5 billion in committed capital, exceeding its original target. The fund, managed by UBS Global Asset Management's Infrastructure Asset Management (IAM) team, is now closed to new investors.

UBS salary survey: 2009 wage round likely to generate real wage increases of 1.0%

2008-10-31T10:00:00.000+01:00

UBS raises interest rates on savings accounts

2008-10-31T09:00:00.000+01:00

UBS consumption indicator recovers slightly

2008-10-28T10:00:00.000+01:00

Following the marked downward movement seen in July and August, the UBS consumption indicator recovered again slightly in September. At its current level of 1.67, it still signals that Swiss consumer spending has continued to develop healthily. However, prospects are looking increasingly gloomy.

UBS SME barometer 4th quarter 2008 - SME activity: a slow pace to the end of the year

2008-10-23T09:00:00.000+02:00

The slowdown anticipated by Swiss, small and medium-sized enterprises (SMEs) materialized in the 3rd quarter. However, growth was still clearly in positive territory. SMEs expect recent trends to continue in the 4th quarter, with growth in the SME sector declining further, while the business climate remains positive, and new jobs are still being created. However, SME earnings could show a decline year-on-year.

UBS economists expect global recession

2008-10-22T10:30:00.000+02:00

US: at least four quarters of declining economic output expected starting from the second half of the year, followed by sluggish recovery. A recession is inevitable even in Europe, especially in countries with marked imbalances; central banks likely to further lower key rates Marked growth slowdown spreads to Asia; Japan facing stagnation, China has room for manoeuvre in its monetary and fiscal policy.

UBS further materially de-risks balance sheet through transaction with Swiss National Bank

2008-10-16T07:00:00.000+02:00

UBS to raise CHF 6 billion of new capital through mandatory convertible notes, fully placed with Swiss Confederation

The Swiss National Bank (SNB) and UBS have reached an agreement to transfer up to USD 60 billion of currently illiquid securities and other assets from UBS's balance sheet to a separate fund entity.

With this transaction, UBS caps future potential losses from these assets, secures their long-term funding, reduces its risk-weighted assets, and materially de-risks and reduces its balance sheet.

This transaction allows the SNB and shareholders of UBS to participate in the recovery potential of the entity's assets once the loan is fully repaid.

The solution significantly reduces the uncertainty for UBS shareholders and clients and contributes to the stability of the financial system by ensuring an orderly sale of these assets.

The fund will be capitalized with up to USD 6 billion of equity capital provided by UBS and a non-recourse loan in the maximum amount of USD 54 billion provided to the fund by the SNB. The entity will be controlled by the SNB. UBS will sell its equity interests to SNB for USD 1 and will have an option to repurchase the equity once the loan is fully repaid for a purchase price of USD 1 billion plus half of the equity value exceeding USD 1 billion.

To fund its equity contribution, and at the same time maintain its strong capital position, UBS can raise CHF 6 billion of new capital in the form of mandatory convertible notes (MCN). The MCN has been fully placed with the Swiss Confederation.

UBS Hires Janine McGrath Shelffo as Managing Director in Technology, Media and Telecommunications Banking

2008-10-09T10:30:00.000+02:00

UBS Investment Bank today announced that Janine McGrath Shelffo will join its Investment Banking Department (IBD) as a Managing Director in its Technology, Media and Telecommunications (TMT) Banking group.

UBS outlook, 4th quarter 2008

2008-10-09T10:15:00.000+02:00

Swiss industrial sector shifts down a gear In the third quarter of 2008, the wind has changed in Swiss industry. Although the latest UBS survey confirms that growth stimuli are still around, their momentum is dwindling. Company expectations for the fourth quarter are only just on the positive side.

UBS Hires Gregory Feller as Managing Director in Technology Banking

2008-10-07T11:10:00.000+02:00

UBS Investment Bank today announced that Gregory Feller will join its Investment Banking Department (IBD) as a Managing Director in its Technology Banking group. He will be based in New York and report to Brian Webber, Global Head of Technology Banking.

UBS Global Asset Management Pension Fund Fitness Tracker Reports Funding Ratios Continue to Fall Amid Financial Market Crisis

2008-10-06T10:30:00.000+02:00

UBS Investment Bank strengthens oil and gas investment banking team

2008-10-05T08:03:00.000+02:00

UBS Investment Bank today announced the appointment of Jorge MARTINEZ as head of its oil and gas group, Asia at UBS Investment Bank as well as of Anthony CARANGO, Scott WILSON, and Jia ZHAI as members of the team.

UBS announces repositioning of its Investment Bank

2008-10-03T07:00:00.000+02:00

Business model builds on core strengths and client franchises in the Securities and Advisory businesses, while downsizing or exiting certain businesses; recalibration to the market environment.

UBS today announces the repositioning of its Investment Bank following a detailed review of the strategy by the Chairman and CEO of the Investment Bank, Jerker Johansson, members of the Group Executive Committee and the UBS Board of Directors.

The Investment Bank will reprioritize its business portfolio to preserve its core strengths and client franchises across Equities, IBD and FICC, while downsizing or exiting certain business activities. This will lead to greater efficiencies and a further reduction in the Investment Bank's headcount and balance sheet.

"The ongoing crisis in the financial markets and dramatically changed industry dynamics require us to recalibrate our business. While the revenue outlook is uncertain, these measures will allow us to focus on our strengths, reduce the cost base to a more sustainable level and position our core businesses for growth once fundamentals improve," said Jerker Johansson, Chairman and CEO of UBS Investment Bank.

Strategic priorities

As part of the repositioning, UBS Investment Bank will take the following steps:

Fund Boards of Directors/Trustees Approve UBS U.S. Money Market Funds' Participation in U.S. Treasury's Temporary Guarantee Program

2008-10-02T11:39:00.000+02:00

The Boards of Directors/Trustees for the UBS U.S. Money Market Funds named below (the "Funds") on October 1, 2008, approved the participation of those money market funds in the U.S. Treasury's Temporary Guarantee Program. All of these Funds will apply to be covered under the program.

UBS holds EGM: key messages from Chairman

2008-10-02T07:00:00.000+02:00

At the Extraordinary General Meeting in Basel today, UBS Chairman Peter Kurer will give a speech highlighting the following key messages:

UBS consumption indicator continues its downward trend

2008-09-30T10:00:00.000+02:00

Since the interim high in June, the UBS consumption indicator has fallen consistently. The distinct adjustment in July was followed by another drop in August to 1.62. At its current level, the UBS consumption indicator still signals that Swiss private consumption is continuing its solid development, but prospects are looking increasingly gloomy.

UBS AG Hong Kong Branch releases financial information

2008-09-30T07:00:00.000+02:00

UBS AG's Hong Kong Branch today released its Key Financial Information Disclosure Statement, as required by the Hong Kong Monetary Authority of overseas-incorporated authorized institutions.

UBS launches Direct Market Access in India

2008-09-29T13:30:00.000+02:00

In line with its commitment to providing its clients with best-in-class access to the equity markets, UBS, on 29 September, has launched Direct Market Access (DMA) on the National Stock Exchange of India and the Bombay Stock Exchange.

UBS Investment Bank bolsters China investment banking team

2008-09-23T16:23:00.000+02:00

UBS Investment Bank today announced the appointment of Joe ZHANG as Deputy Head of Investment Banking, China at UBS Investment

UBS Named a 2008 Working Mother 100 Best Company by Working Mother Magazine

2008-09-23T09:00:00.000+02:00

UBS announced today that it has been named to Working Mother magazine's "100 Best Companies for Working Mothers." This is the sixth year in a row UBS has made the top 100 list.

UBS Global Life Sciences Conference Opens in New York

2008-09-22T08:30:00.000+02:00

The Tenth Annual UBS Global Life Sciences Conference begins today at the Grand Hyatt in New York City and continues through Thursday, September 25. The Conference will feature presentations by more than more than 300 public and private companies including biotechnology, medical device manufacturers, pharmaceuticals and specialty pharmaceutical companies.

UBS says costs of closing out LEH exposures below $300m

2008-09-16T17:10:00.000+02:00

UBS is aware of a recent research report circulating in markets regarding its exposure to the Chapter 11 filing by Lehman Brothers. UBS confirms that its direct and counterparty exposures to Lehman Brothers, net of hedges, are now substantially closed out. UBS does not expect the total cost of closing out its exposures to Lehman Brothers to exceed $300m.

Consortium of Global Commercial and Investment Banks Takes Series of Actions to Help Enhance Liquidity and Mitigate Unprecedented Volatility in Capital Markets

2008-09-14T22:00:00.000+02:00

A group of global commercial and investment banks, including Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, and UBS, today initiated a series of actions to help enhance liquidity and mitigate the unprecedented volatility and other challenges affecting global equity and debt markets.

Global UBS Philanthropy Forum brought to Asia for the first time

2008-09-12T13:27:00.000+02:00

UBS today announced the opening of the Global UBS Philanthropy Forum in Singapore. It is the first time the leading global exchange platform for private philanthropy has taken place in Asia. Over the next two days the Forum will bring together philanthropists, business leaders, social entrepreneurs, and representatives from civil society around the world to consider the theme of 'Building Change Communities' through a series of workshops and discussions.

"In a world faced with challenges ranging from extreme poverty to global warming and civil conflicts, UBS recognizes the vital roles played by entrepreneurs and philanthropists in providing risk capital for social development. It was in response to increasing interest by private individuals to help overcome social challenges that we launched the Global UBS Philanthropy Forum three years ago. This year, we are delighted to bring the Forum to Asia for the first time, a reflection of the growing influence of the region and UBS's commitment to its growth," said Raoul WEIL, Chairman and Chief Executive Officer of Global Wealth Management and Business Banking of UBS AG.

The Global Philanthropy Forum is designed to provide a 'safe space' environment in which philanthropists can exchange insights with peers and learn from others in the field. It will also showcase a range of state-of-the-art approaches to giving and implementation models. Previously, the Forum has been held in Switzerland, Italy, Portugal and Monaco.

Said Kathryn SHIH, Head of Wealth Management, Asia Pacific: "Over the past two decades, philanthropy has gained prominence in Asia due to the substantial increase in economic power and wealth in the region. While philanthropy in Asia has a long history, many philanthropists here are now looking beyond the Asian model and seeking to integrate aspects of philanthropy in the West. The Global UBS Philanthropy Forum aims to be a conduit for the best practices in philanthropy globally. We are honored and privileged that Singapore is hosting the Forum this year. It is also an acknowledgement of Singapore's growing innovation in this area. With the support of the government and various community institutions, Singapore is emerging to be a leading centre for philanthropy."

The Forum will feature in excess of 200 participants from various backgrounds and countries. They include: Singapore's Minister Mentor, Lee Kuan Yew; Kathleen Kennedy Townsend, board member of the John F. Kennedy Library Foundation; Scott Weber, the Director-General of Interpeace, one of the largest peacebuilding organizations in the world; Lester M. Salamon, Professor at the Johns Hopkins University and director of the Center for Civil Society Studies at the Johns Hopkins Institute for Policy Studies; Chinese actor, Jet Li, and Australian professional golfer, Adam Scott, both of whom launched their foundations in Singapore in the past week.

UBS is also proud to partner with the National Volunteer and Philanthropy Centre and the Lien Centre for Social Innovation to organize side events in the context of the 2008 Forum - events which will allow the Singapore public access to the insights of some of the Forum's key speakers.

The UBS Philanthropy Services platform was established in 2004 in Switzerland.
Following a growing regional interest in social investment, philanthropists are increasingly seeking professional advice. In response, in 2005 UBS regional advisory teams of UBS Philanthropy Services were established in Hong Kong and Singapore, and recently a dedicated team in Australia was added. UBS Philanthropy Services has organized six philanthropy roundtables in Asia Pacific since 2005 as well as a number of other philanthropy-related events. In 2007, UBS was ranked as #1 by Euromoney in the provision of philanthropy services.

Enquiries:
Julie Yeo (T) +65 6495 5332 (M) +65 9673 4433
Rachel Lin (T) +65 6431 8633 (M) +65 9666 1855

UBS Launches Real-Time Transaction Cost Analysis

2008-09-11T14:50:00.000+02:00

The global Equities business of UBS (NYSE: UBS) today announced the launch of real-time Transaction Cost Analysis (TCA), which is now available via UBS Fusion, the firm's trading analytics platform. Real-time TCA enables US clients to have continuous real-time analytics for their orders.

UBS Hires John Metz as US Head of Communications Banking

2008-09-10T11:15:00.000+02:00

UBS Investment Bank today announced that John Metz will join its Investment Bank Department (IBD) as Managing Director and Head of US Communications Banking within the firm's Technology Banking group. Metz will report to Brian Webber, Global Head of Technology banking, and will be based in San Francisco. Metz will join UBS from Credit Suisse, where he was most recently Head of the Communications Banking Group.

UBS Names Carsten Kengeter Global Head of Fixed Income, Currencies and Commodities

2008-09-04T19:00:00.000+02:00

UBS today announced the appointment of Carsten Kengeter as Global Head of the Fixed Income, Currencies and Commodities (FICC) business within its Investment Bank. Kengeter will join UBS from Goldman Sachs and will relocate from Hong Kong to London in his new role. He will report to Jerker Johansson, Chairman and CEO of UBS Investment Bank, and will join the Investment Bank Executive Committee and the UBS Group Managing Board.

Kengeter, 41, will be responsible for all fixed income products including credit fixed income, rates, structured products, emerging markets, securitized products as well as client coverage and research. He will also have responsibility for UBS Investment Bank's market-leading foreign exchange business and the global commodities group. When he joins the firm in the early part of 2009, Kengeter will assume the leadership of FICC from Johansson, who will continue to manage the business on an interim basis until then.

"Carsten is a high-caliber leader who brings broad geographic and product expertise to the firm as well as a depth of experience and skill set which greatly complements our FICC management team," said Johansson. "We will continue to build on our bench of senior talent as we move towards our goal of strengthening our fixed income business and getting all our FICC businesses back on the road to profitability and competitiveness."

Kengeter has most recently been a Partner and Co-Head of Goldman Sachs' Securities Division for Asia ex-Japan, with responsibility for all FICC products. He joined Goldman Sachs in 1997 and has held several senior positions within the Securities Division including Head of FICC for the German region and Co-Head of European FICC Distribution. Previously, Kengeter worked at Barclays de Zoete Wedd as a credit derivatives trader and structurer.

"We have already taken significant steps to streamline the business and this hire underscores our commitment to focusing on core client-centric product offerings," added Johansson. "I am confident that under this new leadership FICC will be best positioned to thrive in an evolving market and we will continue to offer our clients the best service and solutions."

Kengeter served on the board of Goldman Sachs International Bank as well as a broad number of the firm's Asian boards and committees. He holds a Diplom-Betriebswirt from FH Reutlingen, a B.A. (hons) in Business Administration from Middlesex University as well as a MSc in Finance and Accounting from the London School of Economics.

Media Contacts:

London: Dominik Von Arx, +44 207 56 82439
New York: Rohini Pragasam, +1 212 882 5690

UBS economists revise their forecasts for the Swiss economy

2008-09-03T08:00:00.000+02:00

The Swiss economy is still quite resilient. However, it is increasingly apparent that the economy will slow down significantly in the coming months. Due to the gloomy outlook for the world economy, UBS economists revise down their forecasts for the Swiss economy. They now expect real Gross Domestic Product to expand by 1.9% this year and 1.0% next year.

UBS Names Jon Jodka Head of US Prime Brokerage Sales

2008-08-28T14:00:00.000+02:00

UBS Investment Bank today announced that Jon Jodka will join the firm as Managing Director and Head of US Prime Brokerage Sales within its Equities division. Jodka will be based in New York and will report to Matt Pecot, Head of US Prime Brokerage, and Martina Slowey, Global Head of Prime Brokerage Sales.

UBS consumption indicator falls significantly in July

2008-08-26T10:00:00.000+02:00

In the wake of June's temporary high, the UBS consumption indicator has fallen significantly. The dip by almost 0.4 points to 1.85 is the largest correction seen during a single month for just under a year. At its current level, the indicator signals that Swiss consumer spending remains healthy, but the outlook is looking increasingly gloomy.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2008-08-26T10:00:00.000+02:00

UBS appoints new Chief Communication Officer

2008-08-22T11:30:00.000+02:00

UBS appoints Michael Willi Chief Communication Officer. In his new role Michael Willi will report to the Group CEO and bear global responsibility for UBS corporate and brand communications. He will head up the areas of Communications Management, Media Relations, Internal Communications and Brand Management. Financial communications will now be part of the Group Chief Financial Officer function. Michael Willi succeeds Tom Hill, who will take over responsibility for Group Strategic Advisory and Financial Communications, reporting to the Group CFO.

Michael Willi is an economist who began working at Swiss Bank Corporation in 1992. Since then he has served in various executive functions within UBS corporate communications. Most recently he headed the worldwide Corporate Communications Management Organization out of New York, USA.

Report "UBS research focus" of UBS Wealth Management Research

2008-08-19T10:00:00.000+02:00

Mind over matter

UBS economists expect lengthy period of economic weakness

2008-08-19T09:00:00.000+02:00

US: Effects of interest rate and fiscal stimuli fading; recession in second half of year; no rapid recovery in sight. Significant slowdown in Europe as well, with still high inflation preventing European central banks from lowering interest rates for the moment. Asian economies surprisingly resistant so far, but growth likely to slow increasingly; Japan on the verge of recession. US dollar expected to strengthen as economic weakness begins to make itself felt outside the US.

UBS reports second quarter loss of CHF 358 million

2008-08-12T07:00:00.000+02:00

UBS announces repositioning of the Bank to allow maximum strategic flexibility in its future development

2008-08-12T07:00:00.000+02:00

UBS will separate its business divisions into three autonomous units and vest them with increased operational authority and accountability.

UBS announces Board of Directors nominations and appointments to the Group Executive Board

2008-08-12T07:00:00.000+02:00

Sally Bott, Rainer-Marc Frey, Bruno Gehrig and William G. Parrett proposed as candidates for election to the Board of Directors of UBS AG at the EGM of 2 October 2008.

UBS announces comprehensive settlement, in principle, for all clients holding auction rate securities at the estimated cost of USD 900 million

2008-08-08T19:30:00.000+02:00

UBS announced today a settlement, in principle, with the New York Attorney General (NYAG), the Massachusetts Securities Division, the Securities and Exchange Commission (SEC) and other state regulatory agencies represented by North American Securities Administrators Association (NASAA) to restore liquidity to all remaining clients' holdings of auction rate securities (ARS).

Under the agreement in principle, UBS has committed to purchase a total of USD 8.3 billion of ARS, at par, from most private clients during a two-year time period beginning January 1, 2009. Private clients and charities holding less than USD 1 million in household assets at UBS will be able to avail themselves of this relief beginning Oct. 31, 2008. From mid-September, UBS will provide loans at no cost to the client for the par value of their ARS holdings.

In addition, UBS has also committed to provide liquidity solutions to institutional investors and will agree from June 2010 to purchase all or any of the remaining USD 10.3.billion, at par, from its institutional clients. Today's news is in addition to the firm's recently announced intention to repurchase USD 3.5 billion of tax-exempt Auction Preferred Stock.

"Today's solution provides further relief, beginning in September, to investors who have been understandably frustrated by the industry-wide failure of the ARS market. Our leading position in supporting the market and providing liquidity is clear, and now, we are the first firm to give all clients -- private, corporate and institutional the opportunity to be made whole," said Marten Hoekstra, Head of UBS Wealth Management Americas.

"Since the breakdown in the market, UBS clients have been offered multiple liquidity options. They have been able to borrow 100 percent against the value of their holdings. The solutions announced today provide our clients with the widest range of choices in the industry, including a two-year window during which clients can either continue to earn interest or redeem their ARS at any time," Hoekstra added.

The firm has also agreed to pay a fine of USD 150 million - USD 75 million to the state of New York and USD 75 million to other state regulatory agencies. UBS neither admits nor denies allegations of wrongdoing.

The full cost of the proposed settlement, taking into account the projected redemption patterns of clients, the difference between the purchase prices and the current market value of client ARS holdings, and the regulatory fine related to the settlements, is estimated to be in the range of USD 900 million on a pre-tax basis, to be booked in the second quarter results. This includes reimbursements to all clients for losses incurred from sales of ARS holdings between Feb. 13 and Aug. 8, 2008.

A provision for the costs of this settlement will be included in the firm's second quarter financial results, which will be announced on Aug.12, 2008.

Results, including this settlement, for UBS AG for the second quarter will be consistent with guidance given by the firm on July 4, 2008.

UBS Investment Bank Expands US Equities With Key Senior Hires

2008-08-07T09:45:00.000+02:00

UBS announced today six senior hires within its US Equities business. The new additions are within the sales and trading, equity sales, and quantitative strategy groups.

UBS SME barometer 3rd quarter 2008 - SME sector: Service-providers ahead by a nose

2008-07-30T09:00:00.000+02:00

The business climate among Swiss SMEs remained positive in the second quarter. However, the latest UBS survey confirms that the solid growth momentum of recent quarters is fading a bit. As in the previous quarter's survey, service-providers again fared better in the second quarter than industrial companies among Swiss SMEs.

UBS Consumption Indicator up sharply in June

2008-07-29T10:00:00.000+02:00

After a steady slide since February, the UBS Consumption Indicator recovered significantly in June. The gain of 0.3 points to 2.25 marks the largest monthly increase since April 2007. At its current level, the Indicator signals that Swiss consumer spending remains healthy.

UBS Launches International Direct Market Access to Brazil

2008-07-29T09:00:00.000+02:00

The global Equities business of UBS (NYSE: UBS) today announced the launch of Direct Market Access (DMA) for international clients to trade securities on the Bovespa stock exchange in Brazil. UBS is among the first broker-dealers to offer non-Brazilian clients direct electronic equities trading and execution in this major market.

Social partnership agreement (SOVIA CH) concluded by the Swiss Association of Bank Employees, the Swiss Association of Commercial Employees and UBS's in-house Employee Representation Committee

2008-07-28T10:00:00.000+02:00

Following UBS' 6 May 2008 announcement of redundancies, the Swiss Association of Bank Employees (SBPV) and the Swiss Association of Commercial Employees (KV Schweiz) have, as social partners, joined with UBS' own Employee Representation Committee in signing a social plan.

UBS Global Asset Management Launches US Fundamental Equity Market Neutral Strategy

2008-07-23T08:45:00.000+02:00

UBS Global Asset Management today announced the recent launch of its new US Fundamental Equity Market Neutral strategy. It is one of a relative few market neutral strategies based on fundamental analysis.

UBS statement of Mark Branson before the permanent Subcommittee of Investigation

2008-07-17T00:00:00.000+02:00

UBS representative Mark Branson, Chief Financial Officer of Global Wealth Management & Business Banking, today testified at a US Senate Subcommittee hearing. The title of the hearing was "Tax Haven Banks and US Tax Compliance".

UBS Announce Opening of Equity Research Office in Dubai

2008-07-15T13:00:00.000+02:00

UBS Investment Bank is to open an equity research office in Dubai to cover stocks both in the UAE and across the broader GCC region. The announcement is the latest move by UBS who are significantly expanding Middle East operations to accelerate growth.

Andrew Look is to provide consultancy services to both UBS Wealth Management and UBS Investment Bank.

2008-07-14T13:45:00.000+02:00

UBS Hong Kong today announced Andrew LOOK, currently Head of HK Research, Strategy and Product, will provide consultancy services to the firm's wealth management and equities business, effective from August.

UBS appoints Per E Larsson CEO of Middle East and North Africa

2008-07-14T10:50:00.000+02:00

UBS announced today the appointment of Per E Larsson as CEO for the Middle East and North Africa (MENA) and as a member of the Group Managing Board. Larsson will join UBS on 1 October 2008 and will be based in Dubai, reporting to Alex Wilmot-Sitwell, Chairman & CEO UBS Group, EMEA.

UBS outlook, 3rd quarter 2008 - Swiss industrial sector not yet out of steam

2008-07-10T08:00:00.000+02:00

The Swiss industrial sector is still performing well. While the latest UBS survey found that growth momentum is slowly easing off, all indicators for the second quarter and expectations for the third quarter remain in positive territory.

UBS Global Asset Management Reports Funding Ratios For Defined Benefit Pension Plans Improve as Interest Rates Rise

2008-07-08T11:50:00.000+02:00

UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, shows pension funding ratios rose 3% in the second quarter of 2008. After a painful start to the new year, pension plans recouped some of their first quarter losses during the second quarter.

UBS significantly expands Middle East operations to accelerate growth.

2008-07-07T10:00:00.000+02:00

• UBS to set up operations in the Kingdom of Saudi Arabia. • UBS selects CEO for UBS Saudi Arabia. • UBS applies for license to operate in Qatar. • UBS expands Investment Banking Division & Equity Research coverage in the region.

UBS Global Asset Management appoints a new Head of its Canadian business

2008-07-07T09:00:00.000+02:00

UBS Global Asset Management today announced that it has appointed Marcel Larochelle as Head of its Canadian business effective July 14, 2008. Based in Toronto, Marcel will focus on the development and expansion of UBS Global Asset Management's institutional, wholesale and consultant relationships.

UBS announces estimated results for second quarter

2008-07-04T07:00:00.000+02:00

UBS announces that its results for the second quarter ended June 30, 2008, which will be released as planned on August 12, are likely to be at or slightly below break-even.

UBS launches a new exchange traded fund on the MSCI World Index®

2008-07-01T10:00:00.000+02:00

UBS establishes new Corporate Governance and calls an Extraordinary General Meeting to elect four new members to the Board of Directors

2008-07-01T07:00:00.000+02:00

• New Corporate Governance guidelines to come in to force immediately

• Stephan Haeringer, Rolf Meyer, Peter Spuhler and Lawrence Weinbach to resign in October 2008

• Extraordinary General Meeting (EGM) scheduled for 2 October 2008

• Nominations of the new Board members to be announced in good time before the EGM

• Sergio Marchionne to become Senior Independent Director and to continue as non-executive Vice Chairman

UBS develops Active Quantitative Equities capabilities

2008-06-30T16:05:00.000+02:00

UBS Global Asset Management announces the hiring of an Active Quantitative Equities team.

Matt Roux to Join UBS Investment Bank's Prime Brokerage Group as Co-Head of US Securities Lending

2008-06-25T09:30:00.000+02:00

UBS announced today that Matt Roux will join UBS Investment Bank's Prime Brokerage Group as Executive Director and Co-Head of US Securities Lending. He will run the US securities lending business with Mike Kelleher, who has been promoted to Co-Head of the business. Roux and Kelleher will be based in New York and report to Chris Hagstrom, Joint Global Head of Equity Finance within Equities Prime Brokerage.

UBS consumption indicator softens in May

2008-06-24T10:00:00.000+02:00

The UBS consumption indicator fell again in May compared to the previous month, but remained nevertheless at a relatively high level. In light of continued positive developments in the labor market, economists at UBS remain optimistic that private consumption will play a supporting role for the economy.

UBS to enter Dutch wealth management market together with VermogensGroep

2008-06-24T07:00:00.000+02:00

UBS announces today that it has signed an agreement with VermogensGroep, an independent Dutch Wealth Manager, to acquire VermogensGroep. This joining of forces will create one of the premier Wealth Management firms in the Netherlands. Closing of the transaction remains subject to regulatory approval.

UBS Announces Senior Management Appointments in Brazil

2008-06-18T10:30:00.000+02:00

UBS today announced two senior appointments within UBS Pactual's management team in Brazil. Rodrigo Xavier has been named Chairman and CEO of Brazil, reporting to Jerker Johansson, Chairman and CEO of UBS Investment Bank.

UBS AG successfully completes its rights offering

2008-06-13T07:00:00.000+02:00

UBS AG has successfully completed its CHF 15.97 billion rights offering, which was approved by its shareholders at the Annual General Meeting on 23 April 2008.

UBS Investment Bank tops Thomson Extel Survey 2008 for eighth consecutive year

2008-06-11T16:34:00.000+02:00

UBS Investment Bank was today voted the Leading Pan- European Brokerage firm for Equity and Equity Linked Research in the Thomson Extel Survey 2008 for the eighth consecutive year. The survey also ranked UBS Investment Bank number one Pan-European Brokerage firm for Equity Trading & Execution and number one Pan-European Brokerage Firm for Equity Sales for the seventh year running. UBS was also voted number one the Leading Pan-European Brokerage Firm for Operations, up from second in 2007.

Francois Gouws, Head of European Equities said;

"I am delighted that the strength and quality of our business has been recognised in so many key categories. The results are a testament to the quality of the people within UBS and the overall strength of our franchise".

Nick Pink, head of European Equity Research commented;

"We are delighted to have been recognised by our clients as the number one research house for the eighth consecutive year. The survey demonstrates that amidst turbulent markets, UBS continues to deliver original, innovative investment ideas to our key clients. Congratulations to the successful research teams and many thanks to our clients for their support"

In February this year UBS also retained the number one ranking in Institutional Investor Magazine's 2008 All-European Research Team survey for the seventh consecutive year.

For further information please visit www.extelsurveys.com or contact Richard Morton, UBS Media Relations.

Notes to Editors:

35th Thomson Reuters Extel Survey

According to Thomson Reuters Extel, the 2008 Survey represents the weighted views of over 7,500 investment professionals from 63 countries, and garnered in excess of 200,000 votes -- making it the most extensive assessment of its kind in the European investment community.

Voting was conducted primarily online and ran from 30 March to 30 May 2008. It reflects the record contribution of over 1,600 buy-side firms, 150 brokerage firms/research houses and 450 of Europe's largest quoted companies worldwide. All data, votes received and methodology applied are independently checked and verified by Deloitte.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2008-06-06T17:00:00.000+02:00

As of Monday, 9 June 2008 the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS Investment Bank To Exit Institutional Municipal Securities Business

2008-06-05T12:00:00.000+02:00

UBS Wealth Management Americas Continues To Offer Municipal Securities Products To Clients.UBS announced today that it will close its Investment Bank's institutional municipal securities business through an orderly wind-down. UBS Wealth Management Americas will continue to be a leading provider of municipal securities products to private clients by assuming responsibility for secondary trading efforts, introducing an open architecture platform for new issues and expanding its municipal research team.

UBS Investment Bank To Exit Institutional Municipal Securities Business

2008-06-05T00:00:00.000+02:00

Disclosure of shareholdings

2008-05-28T07:00:00.000+02:00

Based on changes in the group composition according to article 15 para. 5 of the Ordinance of the Swiss Federal Banking Commission on Stock Exchanges and Securities Trading (SESTO-FBC) UBS AG, Bahnhofstrasse 45, 8098 Zurich, received the following information from Credit Suisse Group, Paradeplatz 8, 8070 Zurich for publication.

As of 19 May 2008 Credit Suisse Group held a stake of 2.74% (59,531,635) of acquisition positions (proportion of voting rights) relating to registered shares of UBS AG. These comprised 15,543,624 (0.72%) registered shares with voting rights and 14,102,111 acquisition rights relating to 28,622,243 (1.32%) voting rights and 12,910,262 written disposal rights relating to 15,365,768 (0.71%) voting rights attaching to registered shares of UBS AG.

At the same time Credit Suisse Group held a stake of 3.77% (81,905,460) of disposal positions (proportion of voting rights) relating to registered shares of UBS AG. These comprised 17,335,696 disposal rights relating to 23,733,760 (1.09%) voting rights and 412,658,263 written acquisition and conversion rights relating to 58,171,700 (2.68%) voting rights attaching to registered shares of UBS AG.

Credit Suisse Group directly and indirectly holds the following acquisition and disposal positions through the following companies:

Credit Suisse Group indirectly through its subsidiaries Clariden Leu Holding AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland (indirectly through Clariden Leu AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland) and Credit Suisse, Paradeplatz 8, Postfach, 8070 Zurich, Switzerland, directly and indirectly through its subsidiaries Credit Suisse Holdings (USA) Inc, 11 Madison Avenue, New York, N.Y. 10010, New York, USA (indirectly through Credit Suisse (USA) Inc, 11 Madison Avenue, New York, N.Y. 10010, New York, USA, indirectly through Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, N.Y. 10010, New York, USA) and Credit Suisse International, One Cabot Square, London, E14 4QJ, England, and Credit Suisse Life (Bermuda) Ltd., Argyle House, 41 A, Cedar Avenue, Hamilton HM 12, Bermuda, and Credit Suisse Life & Pensions AG, Mühleholz 3, FL-9490 Vaduz, and Credit Suisse (International) Holding AG, Bahnhofstrasse 17, 6300 Zug, Switzerland (indirectly through Credit Suisse Investments (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Investment Holdings (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Securities (Europe) Limited, One Cabot Square, London E14 4QJ, England).

This disclosure is being made pursuant to the simplification of the reporting requirements through the Disclosure Office of the SWX. Details about the required disclosure of the acquisitions and the disposal positions will be provided on demand and free of charge by UBS (contact: UBS Investor Relations, +41-44-234 41 00) within two trading days via e-mail, fax or mail.

UBS consumption indicator shows continued solid growth in consumer spending

2008-05-27T10:00:00.000+02:00

The UBS consumption indicator showed another slight decline in April. However, at 2.18 the indicator confirms last year's high levels, and is still significantly above its long-term average. As such, it is a sign of continuing solid growth in consumer spending in Switzerland.

UBS AG announces final terms of the announced rights issue

2008-05-22T07:00:00.000+02:00

The Board of Directors of UBS AG has determined the final terms of the public offering of 760,295,181 new shares, which will be subject to the subscription rights of existing shareholders (the "rights issue"). The rights issue was fully underwritten by a syndicate of banks on 1 April 2008 and the related capital increase was authorized by the shareholders of UBS AG on 23 April 2008. Shareholders will be allotted one subscription right for each existing share held. The exercise of 20 subscription rights will entitle the holder to subscribe for 7 new shares at a subscription price of CHF 21.00 per new share.

Disclosure of shareholdings as of 22 May 2008 (1)

2008-05-22T06:45:00.000+02:00

Based on changes in the group composition according to article 15 para. 5 of the Ordinance of the Swiss Federal Banking Commission on Stock Exchanges and Securities Trading (SESTO-FBC) UBS AG, Bahnhofstrasse 45, 8098 Zurich, received the following information from Credit Suisse Group, Paradeplatz 8, 8070 Zurich for publication.

As of 13 May 2008 Credit Suisse Group held a stake of 3.83% (83,174,669) of acquisition positions (proportion of voting rights) relating to registered shares of UBS AG. These comprised 14,825,658 (0.68%) registered shares with voting rights and 38,096,918 acquisition rights relating to 52,597,943 (2.42%) voting rights and 12,914,115 written disposal rights relating to 15,751,068 (0.73%) voting rights attaching to registered shares of UBS AG.

At the same time Credit Suisse Group held a stake of 3.89% (84,495,664) of disposal positions (proportion of voting rights) relating to registered shares of UBS AG. These comprised 17,476,579 disposal rights relating to 24,299,155 (1.12%) voting rights and 408,522,926 written acquisition and conversion rights relating to 60,196,509 (2.77%) voting rights attaching to registered shares of UBS AG.

Credit Suisse Group directly and indirectly holds the following acquisition and disposal positions through the following companies:

Credit Suisse Group, Paradeplatz 8, Postfach, 8070 Zürich, Switzerland indirectly through its subsidiaries Neue Aargauer Bank, Bahnhofstrasse 49, 5000 Aarau, Schweiz and Clariden Leu Holding AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland (indirectly through Clariden Leu AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland) and Credit Suisse, Paradeplatz 8, Postfach, 8070 Zurich, Switzerland, directly and indirectly through its subsidiaries Credit Suisse Holdings (USA) Inc, 11 Madison Avenue, New York, N.Y. 10010, New York, USA (indirectly through Credit Suisse (USA) Inc, 11 Madison Avenue, New York, N.Y. 10010, New York, USA, indirectly through Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, N.Y. 10010, New York, USA) and Credit Suisse International, One Cabot Square, London, E14 4QJ, England, and Credit Suisse Life (Bermuda) Ltd., Argyle House, 41 A, Cedar Avenue, Hamilton HM 12, Bermuda, and Credit Suisse Life & Pensions AG, Mühleholz 3, FL-9490 Vaduz, and Credit Suisse (International) Holding AG, Bahnhofstrasse 17, 6300 Zug, Switzerland (indirectly through Credit Suisse Investments (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Investment Holdings (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Securities (Europe) Limited, One Cabot Square, London E14 4QJ, England).

This disclosure is being made pursuant to the simplification of the reporting requirements through the Disclosure Office of the SWX. Details about the required disclosure of the acquisitions and the disposal positions will be provided on demand and free of charge by UBS (contact: UBS Investor Relations, +41-44-234 41 00) within two trading days via e-mail, fax or mail.

Disclosure of shareholdings as of 22 May 2008 (2)

2008-05-22T06:45:00.000+02:00

Based on changes in the group composition according to article 15 para. 5 of the Ordinance of the Swiss Federal Banking Commission on Stock Exchanges and Securities Trading (SESTO-FBC) UBS AG, Bahnhofstrasse 45, 8098 Zurich, received the following information from Credit Suisse Group, Paradeplatz 8, 8070 Zurich for publication.

As of 14 May 2008 Credit Suisse Group held a stake of 3.09% (67,014,224) of acquisition positions (proportion of voting rights) relating to registered shares of UBS AG. These comprised 16,040,625 (0.74%) registered shares with voting rights and 20,647,094 acquisition rights relating to 35,165,543 (1.62%) voting rights and 12,914,564 written disposal rights relating to 15,795,968 (0.73%) voting rights attaching to registered shares of UBS AG.

At the same time Credit Suisse Group held a stake of 3.91% (84,907,081) of disposal positions (proportion of voting rights) relating to registered shares of UBS AG. These comprised 17,576,629 disposal rights relating to 24,404,155 (1.12%) voting rights and 410,136,463 written acquisition and conversion rights relating to 60,502,926 (2.79%) voting rights attaching to registered shares of UBS AG.

Credit Suisse Group directly and indirectly holds the following acquisition and disposal positions through the following companies:

Credit Suisse Group, Paradeplatz 8, Postfach, 8070 Zürich, Switzerland indirectly through its subsidiaries Clariden Leu Holding AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland (indirectly through Clariden Leu AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland) and Credit Suisse, Paradeplatz 8, Postfach, 8070 Zurich, Switzerland, directly and indirectly through its subsidiaries Credit Suisse Holdings (USA) Inc, 11 Madison Avenue, New York, N.Y. 10010, New York, USA (indirectly through Credit Suisse (USA) Inc, 11 Madison Avenue, New York, N.Y. 10010, New York, USA, indirectly through Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, N.Y. 10010, New York, USA) and Credit Suisse International, One Cabot Square, London, E14 4QJ, England, and Credit Suisse Life (Bermuda) Ltd., Argyle House, 41 A, Cedar Avenue, Hamilton HM 12, Bermuda, and Credit Suisse Life & Pensions AG, Mühleholz 3, FL-9490 Vaduz, and Credit Suisse (International) Holding AG, Bahnhofstrasse 17, 6300 Zug, Switzerland (indirectly through Credit Suisse Investments (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Investment Holdings (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Securities (Europe) Limited, One Cabot Square, London E14 4QJ, England).

This disclosure is being made pursuant to the simplification of the reporting requirements through the Disclosure Office of the SWX. Details about the required disclosure of the acquisitions and the disposal positions will be provided on demand and free of charge by UBS (contact: UBS Investor Relations, +41-44-234 41 00) within two trading days via e-mail, fax or mail.

UBS Completes the Sale of USD $15 Billion of U.S. Real Estate Related Assets to BlackRock

2008-05-21T07:00:00.000+02:00

UBS has continued its commitment to Asian golf, announcing contract extensions for its two flagship tournaments that will take partnerships in key markets Hong Kong and Japan into 2009.

Greg Morris Joins UBS Investment Bank's Equities Group as US Head of Structuring

2008-05-20T08:30:00.000+02:00

UBS announced today that Greg Morris has joined UBS Investment Bank's Equities group as US Head of Structuring. He is based in Stamford, CT and reports to Raul Esquivel, Head of Equities in the Americas, and Jason Barron, Global Head of Equity Derivatives. In addition, Morris will join the Equity Derivatives Managing Board.

UBS SME barometer 2nd quarter 2008 - SME sector: mood remains upbeat as economy slows

2008-05-08T09:00:00.000+02:00

Business confidence among Swiss SMEs remained strong during the first quarter. While industrial SMEs experienced a slight deterioration in fortunes, the situation improved for service providers, who managed to maintain the excellent business climate of the previous two quarters. However, Swiss SMEs still failed to gain any ground against large Swiss companies.

UBS reports first quarter loss of CHF 11,535 million, in line with 1 April 2008 pre-announcement

2008-05-06T07:00:00.000+02:00

UBS Consumption Indicator shows modest decline in March

2008-04-29T10:00:00.000+02:00

After a sharp increase in February, the UBS Consumption Indicator pulled back slightly in March. But at 2.29 the indicator confirmed the high level of the previous month, and it is still significantly above its long-term average. As such, it is a sign of continuing solid growth in consumer spending in Switzerland.

UBS Investment Bank Launches UBS Blue Sea Index

2008-04-28T12:56:00.000+02:00

Annual General Meeting of UBS AG

2008-04-25T18:45:00.000+02:00

At the Annual General Meeting on 23 April 2008, the shareholders of UBS AG approved the capital increase of CHF 15 billion proposed by the Board of Directors. Peter Kurer and David Sidwell were elected to the Board of Directors while board members Peter Voser and Lawrence A. Weinbach were re-elected to the Board. Effective immediately, Peter Kurer is full-time Chairman of the Board of Directors, as was planned in the event of his election. In addition, shareholders reduced the term of office of the members of the Board of Directors from three years to one year. 4,211 shareholders attended the Annual General Meeting, representing 680,142,555 votes.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2008-04-24T17:00:00.000+02:00

As of Friday, 25 April 2008 the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS AG Beijing Branch enters China's growing derivative market, successfully executing its first RMB interest rate swap trade

2008-04-22T17:45:00.000+02:00

Following UBS AG's successful application for an RMB licence in January this year and the launch of its RMB bond and Repo trading business in March, UBS has now executed its first RMB interest rate swap trade.

UBS brings annual Asia Pacific Diversity Conference to Singapore for the first time

2008-04-18T09:00:00.000+02:00

UBS launched its annual UBS Asia Pacific Diversity Conference in Singapore for the first time today with Mrs Lim Hwee Hua, Senior Minister of Finance and Transport as its keynote speaker. Held annually since 2006 in Hong Kong, the conference provides a platform for the exchange of ideas relating to diversity in the region. This year, the conference is based on the theme "Building the Leadership Pipeline in Asia."

ENSO Capital Management and UBS Announce Joint Venture to Establish UBS ENSO FUND

2008-04-17T11:00:00.000+02:00

Enso Capital Management, LLC ("Enso"), a New York based registered investment adviser, and UBS Fund Advisor, L.L.C., an indirect subsidiary of UBS AG ("UBS"), today announced a joint venture establishing UBS Enso Management, L.L.C. ("UBS Enso"). UBS Enso will act as the investment adviser of the UBS Enso Fund (the "Fund"), a newly formed, registered, closed-end investment management company.

UBS opens Fund Services office in Hong Kong

2008-04-17T07:00:00.000+02:00

UBS today announced the opening of a Fund Services office in Hong Kong. The office will provide business development and client relationship management services to fund administration clients in the Asia Pacific region.

UBS outlook, 2nd quarter 2008 - Swiss industry sustains its momentum

2008-04-15T09:00:00.000+02:00

Swiss industrial activity continues to power ahead. According to the latest UBS survey, capacity utilization will actually rise to 90.4% in the second quarter. The momentum, however, is gradually easing.

UBS expands its wealth management services in Taiwan

2008-04-14T07:00:00.000+02:00

UBS Wealth Management announces the official opening of two bank branches in Taichung and Kaohsiung.

UBS Exchange Traded Funds (UBS ETFs): benchmark switch and name changes

2008-04-11T10:00:00.000+02:00

The MSCI index family becomes the new benchmark for UBS ETFs investing in Japanese and US equities

Sir David King joins UBS as Senior Scientific Advisor

2008-04-10T09:30:00.000+02:00

In 2005, around 1.57 billion Asians lived in urban areas. However, by 2030, the United Nations estimates that 2.67billion Asians will live in cities. The first of UBS's new Q-Series® reports entitled, Asian Structural Themes, identifies urbanisation as one of the biggest and broadest structural issues affecting the region. It examines eight investible urbanisation themes and identifies the sectors and stocks likely to be the key beneficiaries.

UBS raises interest rates for Time Deposit Accounts and Medium-Term Bonds as well as retirement accounts

2008-04-10T09:00:00.000+02:00

UBS is increasing interest rates for UBS Time Deposit Accounts and Medium-Term-Bonds as well as for its retirement savings accounts.

For UBS Time Deposit Accounts and Medium-Term Bonds the changes will come into effect on 15 April 2008.

As of Tuesday, 15 April 2008 the following interest rates shall apply:

UBS raises interest rates for retirement accounts

2008-04-09T09:00:00.000+02:00

UBS is increasing interest rates for its retirement savings accounts, UBS Fisca account (pillar 3a) and UBS unrestricted retirement account 3b. The changes will come into effect on 1 Mai 2008.

UBS Investment Bank Announces the Launch of UBS E-TRACS Exchange Traded Note Platform

2008-04-04T09:30:00.000+02:00

UBS announced today that eight UBS E-TRACS Exchange Traded Notes (ETNs) began trading on NYSE Arca. UBS E-TRACS belong to an innovative class of investment products offering easy access to markets and strategies that had not been readily available to individual investors.

UBS Global Asset Management Reports Sharp Decline in U.S. Pension Fund Fitness for Third Straight Quarter

2008-04-02T13:00:00.000+02:00

UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, shows pension funding ratios fell 11% in the first quarter of 2008. This follows a painful second half of 2007, when pension funding ratios dropped 12% according to the US Pension Fund Fitness Tracker. Overall, the past three quarters has seen pension funding ratios fall by almost 24%.

Pre-announcement of first quarter 2008 estimated net loss of approximately CHF 12 billion

2008-04-01T07:00:00.000+02:00

Fully underwritten rights issue of approximately CHF 15 billion to strengthen Tier 1 capital Creation of separate unit to manage selected US real estate related positions Marcel Ospel not to seek re-election at Annual General Meeting, to be succeeded as Chairman by Peter Kurer (separate media release)

Marcel Ospel will not be standing for re-election to the Board of Directors of UBS.

2008-04-01T07:00:00.000+02:00

Peter Kurer is nominated for election to the Board and is proposed as Chairman.

UBS Opens Latest Private Wealth Management Office for Ultra High Net Worth Clients

2008-03-31T14:00:00.000+02:00

UBS Financial Services Inc. announced today that it has opened this year's first Private Wealth Management office in Houston, Texas dedicated to serving the specialized needs of the Firm's clients with assets greater than $10 million. With this latest office, UBS has eight dedicated Private Wealth Management offices across the U.S.

UBS AG Hong Kong Branch Releases Financial Information

2008-03-31T07:00:00.000+02:00

UBS AG's Hong Kong Branch today released its Key Financial Information Disclosure Statement, as required by the Hong Kong Monetary Authority of overseas-incorporated authorized institutions.

UBS Lecture Series launched at Keio University

2008-03-27T13:00:00.000+01:00

UBS is to endow a lecture series at the Faculty of Economics at Keio University. The one-year program, which begins on 1st April 2008, is the first sponsorship by an international financial institution at the Faculty and UBS's first such endowment at a university in Japan.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2008-03-27T09:00:00.000+01:00

As of Friday, 28 March 2008 the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS survey "Prices and Earnings"

2008-03-26T07:00:00.000+01:00

A comparison of purchasing power around the globe, 2008 update

UBS Consumption Indicator surges strongly in February

2008-03-25T10:00:00.000+01:00

The UBS Consumption Indicator surged noticeably in February after having declined slightly over the past three months. At 2.32 the indicator is at its highest level in eight months, and keeps running significantly above its long-term average, pointing to robust growth in Swiss private consumption.

UBS appoints Weng as Head of Active Quantitative Equities

2008-03-24T10:00:00.000+01:00

UBS Global Asset Management announced today that William Weng is joining its Structured Equities team as Head of Active Quantitative Equities, effective 14th April 2008.

UBS expects continuing strong growth in 2008 for the Swiss economy

2008-03-20T09:00:00.000+01:00

The Swiss economy remains in good health. Economic growth is broadly based, and leading indicators point to continuing robust economic expansion in 2008. However, the outlook for 2009 has weakened, owing to the slowdown in the global economy and the appreciation of the Swiss franc. Accordingly, UBS still expects the economy to grow 2.3% in 2008, but has lowered its forecast for 2009 to 1.4%.

UBS launches Europe Carbon Optimized Index

2008-03-19T15:05:00.000+01:00

Index matches benchmark returns with 30-40% lower carbon footprint

UBS survey "Prices and Earnings"

2008-03-18T09:00:00.000+01:00

A comparison of purchasing power around the globe, 2008 update

UBS publishes 2007 annual report

2008-03-18T07:00:00.000+01:00

UBS is today publishing its latest annual report - a set of four themed reports providing comprehensive information on UBS, its business, governance and financial performance. The report is available at www.ubs.com/annualreporting.

UBS ANNOUNCES APPOINTMENT OF CEO FOR RUSSIA/CIS

2008-03-11T09:00:00.000+01:00

UBS is pleased to announce the appointment of Steven Meehan (43) as CEO for Russia/CIS. Steven, who will take up his appointment from March 2008 will report to Alex Wilmot-Sitwell, Chairman and CEO, UBS Group EMEA and Global Head, Investment Banking Department, UBS Investment Bank.

Disclosure of shareholdings

2008-03-10T07:00:00.000+01:00

Based on article 20 of the Federal Act on Stock Exchanges and Securities Trading (SESTA) UBS AG, Bahnhofstrasse 45, 8098 Zurich, makes the following announcement:

As of 29 February 2008 UBS AG held a stake of 5.73% of acquisition positions (proportion of voting rights) of registered shares of UBS AG. These comprised 104,858,252 (5.06%) registered shares of UBS AG with voting rights and 6,831,700 acquisition rights with 6,831,700 (0.33%) voting rights and 7,222,589 written disposal rights with 7,222,589 (0.34%) voting rights of registered shares of UBS AG.

At the same time UBS AG held a stake of 25.97% (538,431,438) disposal positions (proportion of voting rights) of registered shares of UBS AG. These comprised 9,270,655 disposal rights with 9,270,655 (0.45%) voting rights of registered shares of UBS AG and 529'160'783 written acquisition and convertible rights with 529'160'783 (25.52%) voting rights of registered shares of UBS AG.

UBS Wealth Management Report "UBS research focus"

2008-03-07T10:05:00.000+01:00

Currencies: a delicate imbalance

UBS Investment Bank Announces Minority Stake in Research Advisory Firm Integrity Research

2008-03-06T10:00:00.000+01:00

UBS announced today that it has purchased a minority stake in Integrity Research Associates LLC, a leading research advisory firm that offers access to sources of alternative research, including channel checkers, expert networks, environmental research and other non-traditional providers. Terms of the investment were not disclosed.

Report "UBS research focus" of UBS Wealth Management Research

2008-03-04T10:00:00.000+01:00

Currencies: a delicate imbalance

Disclosure of shareholdings as of 27 February 2008 (1)

2008-03-03T07:00:00.000+01:00

Based on article 20 of the Federal Act on Stock Exchanges and Securities Trading (SESTA) UBS AG, Bahnhofstrasse 45, 8098 Zurich, received the following information from the Government of Singapore Investment Corporation Pte. Ltd. ("GIC"), 168 Robinson Road, #37-01, Capital Tower, Singapore 068912, for publication:

As of 27 February 2008 the Government of Singapore, 100 High Street, #10-01, The Treasury, Singapore 179434, indirectly through its subsidiary GIC, held a stake of 9.544% of acquisition positions (proportion of voting rights) relating to registered shares of UBS AG. These positions comprise 8,316,717 (0.358%) registered shares of UBS AG, with voting rights, and the right to acquire conversion rights on 213,675,213 (9.186%, both figures excluding dilution from the stock dividend) registered shares of UBS AG in the form of mandatory convertible notes ("Mandatory Convertible Notes") on 5 March 2008.

By recommendation of the Disclosure Office of the SWX Swiss Exchange dated 30 January 2008, the Government of Singapore was granted an exemption to the effect that the basis of the present calculation of the proportion of voting rights may be the share capital currently recorded in the Commercial Register plus the maximal number of registered shares of UBS AG to be issued upon the future conversion of the Mandatory Convertible Notes in the aggregate amount of CHF 13 billion, being a total number of 2,326,072,597 registered shares (figure excluding dilution from stock dividend).

Based on the maximum number of shares to be issued under the Mandatory Convertible Notes and taking into account the shares to be issued in connection with the stock dividend, GIC, as a result of the conversion, would hold approximately 8.8% of UBS's shares.

GIC is wholly owned by the Government of Singapore and manages the reserves of Singapore. It acts as fund manager of the Government of Singapore, the Monetary Authority of Singapore and MND Holdings (Private) Limited. The shares already held for the latter legal entities are included in the reported positions.

The notification obligation was triggered by a Letter Agreement dated 9 December 2007 between GIC and UBS AG and regarding the purchase by GIC of the Mandatory Convertible Notes in the amount of CHF 11 billion. In its recommendation dated 30 January 2008 the Disclosure Office of the SWX Swiss Exchange granted an adjournment of the notification.

Disclosure of shareholdings as of 27 February 2008 (2)

2008-03-03T07:00:00.000+01:00

Based on article 20 of the Federal Act on Stock Exchanges and Securities Trading (SESTA) UBS AG, Bahnhofstrasse 45, 8098 Zurich, makes the following announcement.

As of 27 February 2008 UBS AG held a stake of 8.22% of acquisition positions (proportion of voting rights) of registered shares of UBS AG. These comprised 160,035,778 (7.72%) registered shares of UBS AG with voting rights and 4,391,161 acquisition rights with 4,156,422 (0.20%) voting rights and 95,000 disposal rights with 6,237,691 (0.30%) voting rights.

At the same time UBS AG held 475,926,202 (22.95%) disposal positions (proportion of voting rights) of registered shares of UBS AG. These comprised conversion rights on 252,525,253 (12.18%¹) registered shares of UBS in the form of mandatory convertible notes ("Mandatory Convertible Notes") to be issued to the Government of Singapore Investment Corporation Pte. Ltd. (GIC) and another investor on March 5, 2008, 5,833,142 disposal rights with 9,692,357 (0.47%) voting rights, 126,970 written acquisition rights for registered shares of UBS AG with 23,863,611 (1.15%) voting rights and 189,844,981 employee options with 189,844,981 (9.15%) voting rights. 150,121,702 (7.24%) shares to be issued based on conditional capital are available to service the employee options.
1) Excluding dilution from the stock dividend and MCN.

Based on the maximum number of shares to be issued under the Mandatory Convertible Notes, GIC and the other investor, as a result of the conversion, would hold approximately 10.4% of UBS's shares (after distribution of the stock dividend and in the absence of any dilutive events).

UBS directly and indirectly holds the acquisition and disposal positions through the following companies:

UBS Convertible Securities (Jersey) Limited, 24 Union Street, St. Helier JE2 3RF, Jersey.

UBS Global Asset Management Holding (No. 2) Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom (indirectly through UBS Global Asset Management Holding Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom, indirectly through UBS Global Asset Management (UK) Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom) and (indirectly through UBS Global Asset Management Holding Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom, indirectly through UBS Global Asset Management Life Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom) and

UBS Wealth Management (UK) Ltd, 1 Finsbury Avenue, London EC2M 2PP, United Kingdom and

UBS O'Connor LLC, c/o National Corporate Research Ltd, 9 East Loockerman St, Dover DE 19901, USA and

UBS Americas Inc., 2711 Centerville Road Suite 400, Wilmington 19808, Delaware, USA (indirectly through UBS Global Asset Management (Americas) Inc., The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, Delaware, USA) and (indirectly through UBS Securities LLC, 2711 Centerville Road, Wilmington DE 19808, Delaware, USA) and (indirectly through UBS AM Holdings (USA) Inc., c/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, Delaware, USA, indirect through UBS Global Asset Management (Canada) Co., 600 de Maisonneuve Boulevard West, Suite 2710, Montreal H3A 3J2, Quebec, Canada) and (indirectly through DSI International Management Inc., Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington 19808, New Castle / DE, USA) and (indirectly through UBS Financial Services Inc., Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington 19808, Delaware, USA) and

UBS Beteiligungs-GmbH & Co KG, Stephanstrasse 14 - 16, 60313 Frankfurt am Main, Germany (indirectly through UBS Global Asset Management (Deutschland) GmbH, Stephanstrasse 14 - 16, 60313 Frankfurt am Main, Germany) and

UBS International Holdings BV, Herengracht 600, 1017 CJ Amsterdam, Netherlands (indirectly through UBS Holding (France) SA, 65 Rue de Courcelles, 75008 Paris, France, indirectly through UBS Global Asset Management (France) SA, 69 Boulevard Haussmann, 75008 Paris, France) and (indirectly through UBS Holding (France) SA, 65 Rue de Courcelles, 75008 Paris, France, indirectly through Caisse Centrale de Réescompte, 44 Rue Washington, 75008 Paris, France) and

UBS (Luxembourg) S.A., 33a Avenue J.F. Kennedy, 1855 Luxembourg, Luxembourg (directly and indirectly through UBS Belgium SA/NV, Avenue de Tervueren 300, Woluwe-Saint-Pierre, 1150 Bruxelles, Belgium) and

UBS (Bahamas) Ltd., UBS House, East Bay Street, Nassau, Bahamas and

UBS Global Asset Management (Hong Kong) Ltd, 46-52 Floors Two International Finance Centre, 8 Finance Street, Central, Hong Kong and

UBS Global Asset Management (Australia) Ltd, Leven 7, Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia.

The notification obligation was triggered by Letter Agreements dated 9 December 2007, concluded between UBS AG on the one hand and GIC and another investor on the other hand regarding the purchase by GIC and the other investor of Mandatory Convertible Notes in the amount of CHF 13 billion. In its recommendation dated 30 January 2008 the Disclosure Office of the SWX Swiss Exchange granted an adjournment of the notification.

UBS hosts second Indonesia Conference

2008-03-03T06:47:00.000+01:00

In response to the strength of international investors' interest in Indonesia, UBS will be hosting its second Indonesia Conference in Jakarta between Monday 3rd March and Wednesday 5th March.

UBS Consumption Indicator still at a high level

2008-02-26T10:00:00.000+01:00

The UBS Consumption Indicator improved slightly in January, holding steady at a high level of 2.19, noticeably above its long-term average. The indicator continues to point to robust growth in Swiss private consumption.

Extraordinary General Meeting of UBS on 27 February 2008 - doors open already at 08:30 a.m.

2008-02-22T15:30:00.000+01:00

UBS is expecting a large number of shareholders at its Extraordinary General Meeting on 27 February 2008. To ensure a smooth entrance in to the St. Jakobshalle, UBS will be opening the doors already at 08:30 a.m., half an hour earlier than indicated in the invitation. The meeting will begin as originally planned at 10:00 a.m.

As parking is limited at the St. Jakobshalle, UBS highly recommends the use of public transportation.

The Extraordinary General Meeting will be held in the St. Jakobshalle in Basel. More information is availabe in the internet under www.ubs.com/egm.

UBS SME barometer 1st quarter 2008 - SME growth slows down a gear

2008-02-21T09:00:00.000+01:00

The UBS SME barometer indicates a positive final quarter of 2007. Growth of small and medium-sized enterprises (SMEs) in Switzerland has consolidated at a high level. On balance, half of all companies continue to see an improvement in the business climate. Expectations for the current quarter remain positive, though the overall economic climate for SMEs appears to be cooling off slightly. In general, SMEs seem to be lagging slightly behind their bigger competitors.

New term of office regulation and appointments in the Board of Directors of UBS

2008-02-21T07:00:00.000+01:00

The Board of Directors of UBS will propose to the Annual General Meeting that the terms of office of Board members be reduced to one year. Marcel Ospel, Peter Voser and Larry Weinbach will be proposed for re-election for a one-year term. Sergio Marchionne is appointed non-executive Vice Chairman of the Board of Directors. Peter Voser will take over as Chairman of the Audit Committee from Larry Weinbach.

Disclosure of shareholdings

2008-02-18T07:00:00.000+01:00

UBS reports full-year 2007 loss of CHF 4,384 million and fourth quarter loss of CHF 12,451 million, in line with announcement on 30 Jan. 2008

2008-02-14T07:00:00.000+01:00

UBS Tops Institutional Investor All-Europe Research Team survey for Seventh Consecutive Year

2008-02-13T09:29:00.000+01:00

UBS were top with a total of 33 ranked teams, three ahead of nearest competitor

UBS Appoints Jerker Johansson as Chairman and Chief Executive Officer of the Investment Bank

2008-02-13T07:00:00.000+01:00

To strengthen the management structure of the firm, UBS announces three appointments to the Group Executive Board (GEB): Robert Wolf, Chairman and CEO, UBS Group Americas and President and Chief Operating Officer, Investment Bank; Alexander Wilmot-Sitwell, Joint Global Head, Investment Banking Department, UBS Investment Bank and Marten Hoekstra, Head of Wealth Management, Americas.

UBS names new Hong Kong Country Head

2008-02-12T13:45:00.000+01:00

UBS AG today named Chi-Won YOON as Chief Executive Officer of UBS AG, Hong Kong Branch and Country Head for Hong Kong.

Mona Lau, PH.D Named One of PINK Magazine's Top Women in Business for 2008

2008-02-12T09:00:00.000+01:00

UBS is proud to announce that Mona Lau, PH.D has been named one of the Top 15 Women in Business - "The Innovators" in PINK magazine, the national magazine for professional women. PINK's exclusive list profiles the most influential women driving innovation (and revenue) in corporate America in the March/April issue.

UBS Hosts 18th Annual Global Healthcare Services Conference

2008-02-11T07:00:00.000+01:00

The 18th annual UBS Global Healthcare Services Conference begins today at the Grand Hyatt in New York City and runs through Wednesday, February 13. More than 1,500 portfolio managers, analysts, and investors are scheduled to attend. The conference features presentations by senior executives from approximately 150 firms representing acute care, alternate site, distribution, healthcare REITs, information technology, laboratory services, long-term care, managed care, pharmaceutical services, staffing, and other sub-sectors from around the globe.

UBS and Wharton Continue Partnership on UBS Career Comeback: A Fellowship Program for Professionals Re-entering the Workforce

2008-02-07T11:00:00.000+01:00

Program Addresses Unique Needs for Workforce Re-entry, Supporting Women in Career Transition

UBS Wealth Management Americas Commits to Growing its Corporate Employee Financial Services Business

2008-02-06T14:00:00.000+01:00

UBS Wealth Management Americas has affirmed its long-term strategic commitment to develop and grow its industry leading Corporate Employee Financial Services (CEFS) business. The CEFS group delivers equity compensation plan services and support for Stock Options, Restricted Grant Awards, Performance Grant Awards, Stock Appreciation Rights and Employee Stock Purchase Plans.

Disclosure of shareholdings

2008-02-04T07:00:00.000+01:00

Based on the changes in the group according to article 15 para. 5 of the Ordinance of the Swiss Federal Banking commission on Stock Exchanges and Securities Trading UBS AG, Bahnhofstrasse 45, 8098 Zurich, received the following information from Credit Suisse Group, Paradeplatz 8, 8070 Zurich for publication.

As of 25 January 2008 Credit Suisse Group held acquisition positions amounting to 3.235% of the voting rights of UBS registered shares. These comprised 19,269,232 (0.930%) UBS registered shares with voting rights and 25,137,001 (1.213%) acquisition rights and 22,639,259 (1.092%) written disposal rights on UBS registered shares with voting rights.

At the same time Credit Suisse Group held disposal positions amounting to 3.625% (75,120,847) of the voting rights of UBS registered shares. These comprised 27,443,367 (1.324%) disposal rights and a further 47,677,480 (2.301%) written acquisition rights of UBS registered shares with voting rights.

UBS outlook update 1st quarter 2008

2008-01-31T09:00:00.000+01:00

Economy has passed its peak - prices on the rise Swiss industry once again had little reason to complain in the fourth quarter of 2007, and the participants in UBS's latest survey appear confident for the current quarter as well.

UBS pre-announces full-year and fourth quarter 2007 results

2008-01-30T07:00:00.000+01:00

UBS will report a net loss attributable to shareholders of approximately CHF 4.4 billion for full-year 2007.

UBS Consumption Indicator stable at high level

2008-01-29T10:00:00.000+01:00

The UBS Consumption Indicator remained stable in December. At 2.20, it was again well above the long-term average and thus continues to signal robust growth in Swiss private consumption.

Disclosure of shareholdings

2008-01-24T07:00:00.000+01:00

UBS and LSE Executive Education launch "UBS Career Comeback"

2008-01-23T11:16:00.000+01:00

New programme aims to help professionals re-enter the workforce

UBS Global Asset Management and Genworth Financial to Launch Guaranteed Income for Life Benefit for 401(K) Plans.

2008-01-22T08:30:00.000+01:00

UBS Global Asset Management and Genworth Financial Inc. (NYSE:GNW) today announced their agreement to introduce a guaranteed income for life option for 401(k) participants that will be available with UBS's recently announced target retirement funds and other investment options. The guaranteed income for life benefit is expected to be available by the end of the first quarter and is a result of a collaborative effort between UBS Global Asset Management and Genworth Financial, a Fortune 500 company with an extensive track record in retirement income solutions.

UBS Global Asset Management Launches UBS Asian Consumption Fund

2008-01-17T12:00:00.000+01:00

UBS Global Asset Management announced that it will launch the first investment fund in Singapore to be focused on the Asian consumption theme. The UBS Asian Consumption Fund aims to capitalize on the increasing purchasing power of Asia's young generation, which is expected to continue rising with the development of Asian economies and associated cultural change in spending attitude.

UBS outlook 1st quarter 2008

2008-01-16T09:00:00.000+01:00

Swiss business sectors in very good shape2007 was another very good year for nearly all sectors of the Swiss economy. Sales and earnings were both up. While the outlook for 2008 is more restrained, it remains positive. Sales are expected to be strongest in the watchmaking, pharmaceuticals and IT sectors. These are the results of a broad-based survey carried out by UBS of around 4,100 companies in 27 main sectors and 95 sub-sectors.

UBS Investment Bank Launches UBS Greenhouse Index

2008-01-10T08:00:00.000+01:00

UBS Investment Bank is pleased to announce the launch of the UBS Greenhouse Index (UBS-GHI).

UBS Global Asset Management Reports Sharp Decline in U.S. Pension Fund Fitness in 4Q2007 Due to Lower Equity Markets and Lower Interest Rates

2008-01-03T09:00:00.000+01:00

UBS Global Asset Management will not proceed with acquisition in India.

2007-12-28T14:00:00.000+01:00

UBS Global Asset Management today announced that it will not proceed with its planned acquisition of Standard Chartered Bank's mutual funds management business in India.

UBS Consumption Indicator moves lower in November

2007-12-28T11:45:00.000+01:00

The UBS Consumption Indicator was unable to build on the positive trend of the past few months as it edged slightly lower in November. The indicator came in at 2.13, which is still a high level and well above its long-term average, and continues to point towards strong private consumption in Switzerland.

UBS raises interest rate on savings accounts

2007-12-28T10:00:00.000+01:00

UBS is increasing the interest rate by 0.25% to 0.875% on its Swiss franc savings accounts. The change will come into effect on 1 February, 2008.

Disclosure of shareholdings as of 27 December 2007 (2)

2007-12-27T07:01:00.000+01:00

Based on the revised regulations of the federal law on stock markets and stock trading (BEHG) effective 1 December 2007 UBS AG, Bahnhofstrasse 45, 8098 Zurich, received the following information from Credit Suisse Group, Paradeplatz 8, 8070 Zurich for publication.

As of 1 December 2007 Credit Suisse Group held a stake of 3.08% of acquisition positions (proportion of voting rights) of UBS registered shares. These comprised 10,866,275 (0.52%) UBS registered shares with voting rights and 24,660,726 (1.19%) acquisition rights and 28,320,730 (1.37%) written disposal rights on UBS registered shares with voting rights.

At the same time there were 3.77% (78'082'316) disposal positions (proportion of voting rights) of UBS registered shares. These comprised 37'284'795 (1.80%) disposal rights and a further 40,797,521 (1.97%) written acquisition rights of UBS registered shares with voting rights.

Credit Suisse Group directly and indirectly holds the following acquisition and disposal positions through the following companies:

Credit Suisse Group indirectly through its subsidiary Clariden Leu Holding AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland (indirectly through Clariden Leu AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland) and Credit Suisse, Paradeplatz 6, Postfach, 8070 Zurich, Switzerland, directly and indirectly through its subsidiary Credit Suisse Holdings (USA) Inc. Eleven Madison Avenue, New York, N.Y. 10010, New York, USA (indirectly through Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, NY 10010, New York, USA) and Credit Suisse International, One Cabot Square, Canary Wharf, London, E14 4QJ, England, and Credit Suiss Life (Bermuda) Ltd., Argyle House, 41 A, Cedar Avenue, Hamilton HM 12, Bermuda, and Credit Suisse Life & Pensions AG, Mühleholz 3, FL-9480 Vaduz, and Credit Suisse (International) Holding AG, Bahnhofstrasse 17, 6300 Zug, Switzerland (indirectly through Credit Suisse Investments (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Investment Holdings (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Securities (Europe) Limited, One Cabot Square, London E14 4QJ, England), and CSPB Non-Traditional Investments Ltd., The Bahamas Financial Centre, 3rd Floor, P.O. Box N-3023, Shirley & Charlotte Streets, Nassau, Bahamas.

This disclosure is being made pursuant to the simplification of the reporting requirements through the Disclosure Office of the SWX. With advance notice, details about the acquisitions and the disposal positions can be viewed without cost during normal branch opening hours at the head office of UBS, Bahnhofstrasse 45, 8098 Zurich (UBS Investor Relations, +41 44 234 41 00).

Disclosure of shareholdings as of 27 December 2007 (1)

2007-12-27T07:00:00.000+01:00

Based on the revised regulations of the federal law on stock markets and stock trading (BEHG) effective 1 December 2007 UBS AG, Bahnhofstrasse 45, 8098 Zurich, makes the following announcement.

As of 1 December 2007 UBS held a stake of 7.71% of acquisition positions (proportion of voting rights) of UBS registered shares. These comprised 158'793'457 (7.66%) UBS registered shares with voting rights and 537'303 (0.03%) acquisition rights and 434'000 (0.02%) written disposal rights with voting rights to UBS registered shares.

At the same time there were 10.34% (214'275'026) disposal positions (proportion of voting rights) of UBS registered shares. These comprised 6'535'875 (0.32%) disposal rights with voting rights and 14'778'116 (0.71%) written acquisition rights for UBS registered shares and 192'961'035 (9.31%) employee options with voting rights for UBS registered shares. 150,145,816 (7.25 %) conditional capital shares are available to service the employee options.

UBS directly and indirectly holds the following acquisition and disposal positions through the following companies:

UBS Global Asset Management Holding (No. 2) Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom (indirectly through UBS Global Asset Management Holding Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom, indirectly through UBS Global Asset Management (UK) Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom) and (indirectly through UBS Global Asset Management Holding Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom, indirectly through UBS Global Asset Management Life Ltd, 21 Lombard Street, London EC3V 9AH, United Kingdom) and

UBS O'Connor LLC, c/o National Corporate Research Ltd, 9 East Loockerman St, Dover DE 19901, USA and

UBS Americas Inc., 2711 Centerville Road Suite 400, Wilmington 19808, Delaware, USA (indirectly through UBS Global Asset Management (Americas) Inc., The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, Delaware, USA) and (indirectly through UBS Securities LLC, 2711 Centerville Road, Wilmington DE 19808, Delaware, USA) and (indirectly through UBS AM Holdings (USA) Inc., c/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, Delaware, USA, indirect through UBS Global Asset Management (Canada) Co., 600 de Maisonneuve Boulevard West, Suite 2710, Montreal H3A 3J2, Quebec, Canada) and (indirectly through DSI International Management Inc., Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington 19808, New Castle / DE, USA) and (indirectly through UBS Financial Services Inc., Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington 19808, Delaware, USA) and

UBS Beteiligungs-GmbH & Co KG, Stephanstrasse 14 - 16, 60313 Frankfurt am Main, Germany (indirectly through UBS Global Asset Management (Deutschland) GmbH, Stephanstrasse 14 - 16, 60313 Frankfurt am Main, Germany) and

UBS International Holdings BV, Herengracht 600, 1017 CJ Amsterdam, Netherlands (indirectly through UBS Holding (France) SA, 65 Rue de Courcelles, 75008 Paris, France, indirectly through UBS Global Asset Management (France) SA, 69 Boulevard Haussmann, 75008 Paris, France) and

UBS (Luxembourg) S.A., 33a Avenue J.F. Kennedy, 1855 Luxembourg, Luxembourg (directly and indirectly through UBS Belgium SA/NV, Avenue de Tervueren 300, Woluwe-Saint-Pierre, 1150 Bruxelles, Belgium) and

UBS (Bahamas) Ltd., UBS House, East Bay Street, Nassau, Bahamas and

UBS Global Asset Management (Hong Kong) Ltd, 46-52 Floors Two International Finance Centre, 8 Finance Street, Central, Hong Kong.

This disclosure is being made pursuant to the simplification of the reporting requirements through the Disclosure Office of the SWX. With advance notice, details about the acquisitions and the disposal positions can be viewed at no cost during normal branch opening hours at the head office of UBS, Bahnhofstrasse 45, 8098 Zurich (UBS Investor Relations, +41 44 234 41 00).

Index of Investor Optimism

2007-12-21T08:30:00.000+01:00

INVESTOR OPTIMISM UP SLIGHTLY FOR DECEMBER Investors Remain Pessimistic about the U.S. Economy; Worries over High Energy Prices and Residential Real Estate Continue

UBS announces new direction for its support of orchestral music education

2007-12-21T08:00:00.000+01:00

After nine very successful years working together to create and build the UBS Verbier Festival Orchestra, the Verbier Festival and UBS will in future develop their plans in the field of orchestral music in separate directions. 2008 will therefore be the last season in which the UBS Verbier Festival Orchestra will go on international tour.

UBS and Lucerne Festival intend to develop for the year 2009 new projects in the area of orchestral music education.

Patrick Siméons, Co-head of Cultural Sponsorship of UBS commented, "We have enormous respect for what Martin Engstroem and his team have built up in Verbier, and the success of the UBS Verbier Festival Orchestra would have been impossible without him. We are very proud of what the UBS Verbier Festival Orchestra has achieved, and the number of young musicians it has launched into impressive careers. We are totally committed to harnessing the energy of this unique project in new and exciting ways and intend to develop together with Lucerne Festival a new education project.

550 musicians from 30 nationalities have played with the UBS Verbier Festival Orchestra since its launch in 2000. The Orchestra is run by the Fondation de L'Orchestre de Verbier and the Fondation is very proud that the orchestra's excellence in orchestral training and performance has been celebrated worldwide . The orchestra has performed with the world's greatest conductors and soloists to great acclaim for audiences around the world, and its members have gone on to careers in the world's top orchestras including the Metropolitan Opera Orchestra, The Russian National Orchestra, The Tonhalle Orchestra of Zurich. The Vienna Philharmonic Orchestra and The New York Philharmonic.

UBS intends to remain a close partner and sponsor of the Verbier Festival, as it has been since the inception of the Festival in 1994.

UBS appoints Curt Custard to lead UBS Global Asset Management's Global Investment Solutions business

2007-12-18T18:00:00.000+01:00

UBS Global Asset Management has today announced the appointment of Curt Custard as head of Global Investment Solutions. Curt will be based in London.

UBS Opens Latest Private Wealth Mangement Office For Ultra High Net Worth Clients

2007-12-17T10:30:00.000+01:00

UBS announced today that it has opened its latest Private Wealth Management office in San Francisco dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million. Since the start of 2007, UBS has opened five dedicated Private Wealth Management offices across the U.S.

UBS Extends US Electronic Capabilities by Launching Options Algorithmic Trading with Leading OMS and EMS Providers

2007-12-13T11:00:00.000+01:00

Following closely on the heels of UBS's November launch of Options Direct Market Access ("DMA") with 14 providers of electronic Execution Management Systems ("EMS") and Order Management Systems ("OMS"), UBS announced today the launch of Options Algorithmic Trading with leading OMS and EMS providers.

"Our clients want sophisticated tools that give them the ability to place options orders that are responsive to market conditions," said John DiBacco, head of US Equity Derivatives Trading. "We started with the foundation, building intelligent order types within our DMA offering, and making our robust options smart order router available through third party partners. Algorithms are the natural next step in the evolution of this market."

Four new algorithms will be launched in this first phase, offering UBS clients who trade Listed Options a suite of more advanced, intelligent order strategies that employ logic and offer customizable parameters. The four UBS algorithms being launched in this first phase are:

UBS Wealth Management Research Study: "UBS global outlook" 2008

2007-12-12T16:00:00.000+01:00

Amid choppy financial market conditions and slower economic growth, equities are poised to outperform during 2008

UBS strengthens capital base and adjusts valuations

2007-12-10T07:00:00.000+01:00

UBS has introduced measures to substantially strengthen its capital position, adding CHF 19.4 billion of BIS Tier 1 capital. These include an issue of CHF 13 billion of new capital. This has been placed with two strategic investors: Government of Singapore Investment Corporation Pte. Ltd. (GIC), with CHF 11 billion, and an undisclosed strategic investor in the Middle East with CHF 2 billion. At the same time, UBS has revised key input parameters of the models that are used to estimate lifetime default and resulting losses for sub-prime mortgage pools. As a result of these revisions, UBS will write down its US sub-prime holdings by approximately a further USD 10 billion. After these actions, UBS projects a strong BIS Tier 1 ratio of above 12%.

UBS forecasts economic outlook for Asia in 2008

2007-12-06T10:00:00.000+01:00

Asia's economic growth will slow in 2008, says UBS's Duncan WOOLRIDGE, UBS Regional Head of Economic Research. Sakthi SIVA, Strategist at UBS Investment Research believes that investors need to be aware of the region's four key investment themes: overvaluation; the Shanghai bubble; switching from domestic defensives to exporters; and the exposure of the materials sector.

Financial flexibility for property owners with the UBS Mortgage Overdraft Facility

2007-12-03T10:00:00.000+01:00

With its UBS Mortgage Overdraft Facility, UBS gives its mortgage clients a new option for financing renovations flexibly and without all the red tape.

UBS 35th Annual Global Media & Communications Conference Begins Today

2007-12-03T07:00:00.000+01:00

The 35th Annual UBS Global Media & Communications Conference, "the longest running show on Wall Street," opens today at the Grand Hyatt Hotel in New York City and runs through Wednesday, December 5. The conference will feature presentations by chief executives and other senior managers of over 90 leading companies representing advertising, broadcasting, publishing, multi-channel television distribution, entertainment and new media companies from the globe.

UBS Consumption Indicator up sharply in October

2007-11-27T10:00:00.000+01:00

The pickup in the UBS Consumption Indicator in September accelerated further in October. The October level of 2.23 is close to the record levels reached in summer and was again well above its long-term average. It thus continues to signal robust growth in Swiss private consumption, which is even likely to accelerate towards year-end.

Index of Investor Optimism

2007-11-26T08:30:00.000+01:00

INVESTOR OPTIMISM REMAINS DOWN IN NOVEMBER Investors Pessimistic about the Economy; Worries Surge about the Dollar, Energy Prices and Housing Market

M&A: Still a big deal "UBS research focus" of UBS Wealth Management Research

2007-11-21T08:00:00.000+01:00

Corporate strategic M&A will continue, but leveraged buyout deals have become harder to negotiate.

Salary increases at UBS

2007-11-20T10:00:00.000+01:00

As of 1 March 2008, UBS will increase the total payroll for its employees working in Switzerland by 2.5%.

UBS Announces Private Airport Branding Partnership

2007-11-15T11:00:00.000+01:00

UBS announced today that it piloting a first-ever partnership with Panorama Flight Service, a private aviation company, giving UBS exclusive branding rights of a private terminal at Westchester County Airport in White Plains, New York.

Report "UBS research focus" of UBS Wealth Management Research

2007-11-15T10:00:00.000+01:00

M&A: Still a big deal

UBS Global Technology & Services Conference Opens in New York

2007-11-13T07:00:00.000+01:00

The UBS Annual Global Technology & Services Conference opens today at the Grand Hyatt in New York City and runs through Thursday, November 15. The conference will feature presentations by CEOs and other senior executives from more than 200 global technology companies to provide insight into the industry

UBS simplifies its management structure within Switzerland

2007-11-07T07:10:00.000+01:00

UBS merges its Wealth Management Switzerland and its Business Banking business areas into the new Wealth Management and Business Banking Switzerland business area.

Michael Costa and Chris Godvin to Join UBS Investment Bank's Equities Group as Senior Sales Traders

2007-11-01T09:00:00.000+01:00

UBS announced today that Michael Costa and Chris Godvin have joined UBS Investment Bank's Equities group as Executive Directors, Sales Trading to focus on marketing the Equities platform to institutions and hedge funds. Costa and Godvin will be based in San Francisco and report to Timothy Gee, Head of US Cash Sales Trading, and will have local reporting responsibility to Matt Koob, Head of the San Francisco office.

UBS Opens Latest Private Wealth Mangement Office For Ultra High Net Worth Clients

2007-10-31T11:00:00.000+01:00

UBS announced today that it has opened its latest Private Wealth Management office in Los Angeles, California dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million. The firm's first Private Wealth Management office, located at 299 Park Avenue in New York, was opened in July 2006. With this latest opening, UBS has five dedicated Private Wealth Management offices across the U.S.

UBS Consumption Indicator picks up in September

2007-10-30T10:00:00.000+01:00

After declining significantly in August, the UBS Consumption Indicator moved slightly higher again in September. Although the current index value of 1.99 is not yet challenging the record levels reached in the summer, it is still well above the long-term average. The indicator therefore continues to signal healthy growth in consumer spending in Switzerland.

UBS exposure to subprime market (Q3 2007)

2007-10-30T07:00:00.000+01:00

Supporting this initiative underlines UBS's commitment to the arts in Singapore and Asia Pacific and further enhances the firm's partnerships globally with orchestral music.

UBS re-confirms Group third quarter pre-tax loss in line with CHF 600 - 800 million range given on 1 October 2007

2007-10-29T07:00:00.000+01:00

UBS confirms the expected pre-tax loss and gives a business outlook for the fourth quarter.

2008 UBS salary survey: 2008 wage round - real 1.4% increase expected

2007-10-26T00:00:00.000+02:00

According to the latest UBS wage survey, nominal wages are to increase by 2.4% in 2008 following this year's wage negotiations. As UBS anticipates an inflation of 1% for 2008, there will be a 1.4% real increase in base salaries. According to the firms surveyed, nominal wages rose by 2% in 2007. UBS estimates inflation to average 0.7% in the current year, which translates into a 1.3% rise in real wages for employees this year. These are the main results of the 19th UBS salary survey, which is carried out annually among enterprises in 19 sectors within Switzerland.

UBS raises interest rates

2007-10-25T11:00:00.000+02:00

UBS is increasing interest rates for its retirement savings accounts UBS Fisca account (pillar 3a) and UBS unrestricted retirement account 3b as well as for the UBS vested benefits account (pillar 2). The changes will come into effect on November 1, 2007.

UBS to acquire Caisse Centrale de Réescompte Group

2007-10-24T07:00:00.000+02:00

UBS announced today that it has agreed to acquire 100% of the Caisse Centrale de Réescompte Group from Commerzbank for a total consideration of approximately EUR 435 million. The transaction is expected to close in the first quarter of 2008, subject to regulatory approvals.

Index of Investor Optimism

2007-10-22T14:30:00.000+02:00

INVESTOR OPTIMISM REMAINS DOWN IN OCTOBER Worries Rising about Personal Portfolios and Declining Dollar; Hopes Rising for US Economy

Index of Investor Optimism

2007-10-22T08:30:00.000+02:00

INVESTOR OPTIMISM REMAINS DOWN IN NOVEMBER Investors Pessimistic about the Economy; Worries Surge about the Dollar, Energy Prices and Housing Market

UBS Launches Strategic U.S. Equity "Return Optimization Index"

2007-10-16T09:00:00.000+02:00

UBS announced today the launch of the Return Optimization Index, a new equity index that replicates a U.S. large cap equity trading strategy designed to provide a benchmark for certain call-spread strategies popular with many investors today.

UBS Global Asset Management and ACS Form Strategic Alliance to Offer End-to-End Retirement Solution for DC and DB Plans

2007-10-15T08:00:00.000+02:00

"Through our alliance, we are committed to providing plan sponsors a 'next generation' platform solution, " said Kai Sotorp, Head of Americas, UBS Global Asset Management. "This will leverage ACS' industry-leading plan administration capabilities and the complete range of UBS Global Asset Management's DC and DB retirement offerings, including our Asset Liability Investment Solutions."

UBS part of consortium acquiring Southern Water

2007-10-09T12:00:00.000+02:00

UBS today announced that it is part of a consortium that has agreed to acquire 100% of Southern Water Capital Limited (Southern Water) from Royal Bank Investments Limited, a subsidiary of the Royal Bank of Scotland plc, for an enterprise value of £4.195 billion.

UBS outlook, 4th quarter 2007 - Swiss industry at the limits of its capacity

2007-10-09T08:00:00.000+02:00

Activity in the Swiss industrial sector is still running at full speed. According to the latest UBS survey in September, capacity utilization has reached a peak. The majority of companies remain confident for the current quarter.

UBS Opens Fourth Private Wealth Management Office for Ultra High Net Worth Clients

2007-10-08T10:30:00.000+02:00

UBS announced today that it has opened its fourth Private Wealth Management office in Atlanta, Georgia dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million.

UBS to offer new Pillar 3b retirement accounts

2007-10-08T10:00:00.000+02:00

UBS is offering its clients new products with preferential conditions in the form of the unrestricted retirement account 3b and unrestricted retirement custody account 3b. The unrestricted retirement account 3b and the unrestricted retirement custody account 3b allow clients to save over the long-term for individual needs, such as financing their own home and pension planning, or to invest in selected funds.

UBS SME barometer 4th quarter 2007 - Still full steam ahead for SMEs

2007-10-04T10:00:00.000+02:00

Some 500 companies were again surveyed about their business performance in September for the latest UBS SME barometer. The findings of the survey are clear: Swiss SMEs were in top form once again in the third quarter, the business climate was excellent and expectations were in most cases surpassed. The outlook is still positive for the current quarter, but companies expect growth to slow slightly.

UBS Global Asset Management Reports Decline in U.S. Pension Fund Fitness in 3Q2007 Due to Falling Interest Rates

2007-10-03T09:00:00.000+02:00

UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, shows pension funding ratios fell four percent in the third quarter of 2007, to approximately 110 percent. While the funding ratio is still above 100 percent, the significant drop, due in large part to falling interest rates, continues to be a concern for plan sponsors and fund managers.

UBS names Carlos Criado-Perez and Dr Manfred Reichl as Senior Advisors

2007-09-27T13:30:00.000+02:00

Carlos Criado-Perez is currently Chairman of the Board of Dinosol Supermercados and is a Board Member of X5 in Russia. He was until 2004 Chief Executive of Safeway plc, and prior to that held senior roles at Wal-Mart and SHV Makro. In his new role, he will help to build our franchise globally leveraging his long standing senior experience of retail in Europe, Asia and the Americas.

Manfred Reichl is the retiring Managing Partner of Roland Berger in Vienna, having successfully built over 20 years the leading management consultancy practice in Austria and the CEE region. In his new role, he will work closely with Lucas Wilson and Klaus Vukovich to further strengthen UBS's investment banking franchise in Austria and key CEE markets.

Both Carlos and Manfred will report to Alex Wilmot-Sitwell, Joint Global Head IBD.

UBS Consumption Indicator falls in August

2007-09-25T10:00:00.000+02:00

In August the UBS Consumption Indicator declined to 1.93. While falling short of the previous month's level, this is still well above its long-term average. At this level, the indicator is signalling continued healthy growth for consumer spending in Switzerland.

UBS in Top Ten of The "100 Best Companies For Working Mothers"

2007-09-25T08:00:00.000+02:00

UBS announced today that it has been named one of the top ten companies in Working Mother magazine's "100 Best Companies for Working Mothers." This is the fifth year in row that UBS has made the top 100 list.

UBS names European Investment Banking Heads

2007-09-24T15:00:00.000+02:00

UBS today announced that it has appointed Hermann Prelle and Simon Warshaw as Joint Heads of Europe, Middle East and Africa (EMEA) in its Investment Banking Department with immediate effect.

UBS Opens Private Wealth Management Office for Ultra High Net Worth Clients in Chicago

2007-09-24T10:30:00.000+02:00

UBS announced today that it has opened its newest Private Wealth Management office in Chicago, Illinois dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million.

Index of Investor Optimism

2007-09-24T08:30:00.000+02:00

Investor optimism falls five points in September - prior to FED rate cut Investors Shifting Into Cash; Housing, Energy Prices Still Top List of Investor Concerns

UBS launches a new exchange-traded fund on the Swiss Leader Index® : UBS-ETF SLI Swiss Leader Index®

2007-09-14T10:00:00.000+02:00

UBS has expanded its range of UBS Exchange Traded Funds (UBS ETFs) with the launch of UBS-ETF SLI Swiss Leader Index® (UBS-ETF SLI®, sec. no. 3 291 273). Units of UBS-ETF SLI® are now available for trading on the Swiss Exchange (SWX) during normal market hours. The investment fund and trading currency is CHF.

In July 2007 the SWX Swiss Exchange introduced a new equity index - the SLI Swiss Leader Index® (SLI®). This new index is comprised of the 30 most liquid and largest stocks in the Swiss stock market. The four stocks with the largest weighting are capped at a maximum 9% of the index, while the cap for all other stocks in the SLI® is 4.5%. The cap offers investors a better stock and sector diversification. The index structure fulfils regulatory requirements in Switzerland, the EU and the United States, which means it will be possible to attract investors in other markets.

An investment in the new UBS-ETF allows investors to participate in the performance of the 30 largest stocks of the Swiss equity market contained in the SLI Swiss Leader Index®.

With the launch of the UBS-ETF SLI® UBS now has ten ETFs listed on the SWX Swiss Exchange. Since 2001 investors have placed more than CHF 3.3 billion in UBS-ETFs quoted internationally on major stock exchanges (as at 31 August 2007).

UBS believes solar power is one of the most compelling alternative energy sources over the long term

2007-09-12T15:00:00.000+02:00

We are at the very beginning of evolutionary change towards environmental improvement issues in Asia. The need for renewable energy is increasing as economies are becoming ever more susceptible to supply shocks with diminishing oil reserves and constantly increasing oil prices, according to the latest Q-Series®: Asia Solar.

Coal production in Asia unlikely to continue meet regional demand, according to UBS Investment Research

2007-09-11T14:00:00.000+02:00

The results of a survey of Asian power companies underpinning the latest UBS Q-Series report, Asian Utilities and Coal, show that securing sufficient coal supplies is likely to remain a long-term challenge for power plant operators in the region. In addition to polling industry expectations as to the likely direction of coal pricing and supply, UBS estimated long-term demand for thermal coal in Asia until 2020 and used Hubbert's peak analysis to determine long-term supply.

UBS to set up a Wealth Management Advisory Office in Johannesburg, South Africa

2007-09-03T15:45:00.000+02:00

UBS announced today that it will open a Wealth Management Advisory Office in Johannesburg, South Africa. This enables the firm to expand its current business and help achieve its goal of becoming one of the leading international financial services providers in South Africa.

UBS Consumption Indicator still at high level

2007-08-28T21:00:00.000+02:00

The UBS Consumption Indicator registered a slight month-on-month fall in July. At 2.26 points, however, it did not slip far from the prior months' high levels and remains well above its long-term average. At this level, the indicator signals continued healthy growth for consumer spending in Switzerland.

Index of Investor Optimism

2007-08-27T08:30:00.000+02:00

Energy Prices Still Top List of Investor Concerns; Housing and Real Estate Worries Rising

Mark Melchiorre Joins O'Connor as Head of Credit Strategies

2007-08-27T08:00:00.000+02:00

UBS Global Asset Management announced today that O'Connor, the key hedge fund specialist within the Alternative and Quantitative Investments (A&Q) group, has appointed Mark Melchiorre as Head of O'Connor Credit Strategies.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2007-08-23T16:00:00.000+02:00

As of Friday, 24 August 2007 the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS launches a fund with 130/30 strategy: UBS Key Selection US Equities 130/30

2007-08-23T10:00:00.000+02:00

Private investors gain access to novel investment concept

John Katzenmeyer to Join UBS Investment Bank's Financial Institutions Group

2007-08-21T10:04:00.000+02:00

UBS announced today that John W. Katzenmeyer will join UBS Investment Bank's Financial Institutions Group (FIG) as an Executive Director, focusing on financial markets and technology companies.

UBS Verbier Festival Orchestra to Embark on Two-Part Tour to the United States and Europe

2007-08-15T10:30:00.000+02:00

The world's leading training orchestra performs with pianist Martha Argerich and conductor Charles Dutoit.

UBS reports second quarter result of CHF 5,622 million

2007-08-14T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 5,622 million, up 79% from the same period a year earlier and 72% higher than first quarter 2007. -This includes a CHF 1,926 million post-tax gain from the sale of the 20.7% stake in Julius Baer and a charge of CHF 229 million after tax related to the closure of Dillon Read Capital Management (DRCM) - Including these two items, attributable profit from the financial businesses from continuing operations was CHF 5,152 million, with return on equity at 33.0%, diluted EPS of CHF 2.69, and a cost/income ratio of 62.0% - Excluding these two items, attributable profit from the financial businesses from continuing operations would have been CHF 3,455 million, up 14% from the same period a year earlier and 9% higher than the record first quarter 2007 performance - Excluding the same items, diluted EPS from continuing operations was CHF 1.84, return on equity 29.8% and the cost/income ratio 68.0% - Net new money inflows in second quarter 2007 remained strong. In the wealth management units, inflows totaled CHF 35.2 billion, with strong contributions from all regions

William Wilson Joins UBS Investment Bank's Leveraged Captial Markets Group

2007-08-06T10:00:00.000+02:00

UBS announced today that William Wilson has joined UBS Investment Bank as a Managing Director in the Leveraged Capital Markets group, focusing on U.S. high yield origination. Wilson is based in Stamford and reports to Brendan Connolly, Leveraged Capital Markets Group Head.

UBS granted two branch licenses to operate wealth management business in Taichung and Kaohsiung

2007-08-03T12:09:00.000+02:00

UBS announced today that its application to open two more wealth management branches in Taichung and Kaohsiung has been approved by the Financial Supervisory Commission (FSC). It will bring the number of UBS branches offering wealth management products and services in Taiwan to three.

UBS Investment Bank Launches Algorithmic Strategy System for Commodities

2007-07-31T12:39:00.000+02:00

UBS Investment Bank is pleased to announce the launch of the UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS), a portfolio based algorithmic strategy which exploits momentum in the commodity markets to generate returns through automated long and short strategies.

The portfolio consists of a basket of strategies on 19 commodity futures markets from the five different commodity sectors: Energy, Precious Metals, Base Metals, Agriculture and Livestock. The portfolio is weighted to maintain a diversified portfolio, taking into account liquidity issues.

Peter Ghavami, global head of Commodities at UBS, said: "As familiarity with the commodities asset class grows, an increasing number of investors are recognizing the value of taking a more active approach with their investment strategy. UBS Comm-PASS is the first of a new generation of portfolio-based algorithmic strategy products for the commodities asset class which allows for the generation of returns in both bull and bear markets."

Each strategy generates dynamic long or short signals in an individual commodity, taking into account both the trend and counter-trend characteristics of specific commodities in combination with the asymmetric return distribution seen in the commodity markets. The system adjusts positions based on signals generated from current market conditions in order to constantly capture new market opportunities for each commodity.

For each strategy within UBS Comm-PASS, the algorithm's parameters are chosen independently of the other strategies. This independence leads to a lower correlation between returns of individual strategies and to higher Sharpe and Calmar ratios for the overall portfolio.

James Paget, co-head of EMEA Structured Commodity Sales, said: "For the last few years, commodity price volatility has been substantially greater than other asset classes, largely due to supply concerns as well as changes in global consumption and the influx of financial commodity investments. High volatility offers trading opportunities provided an appropriate trading strategy is implemented. We believe Comm-PASS offers investors the opportunity to generate high returns by exploiting commodity market characteristics."

UBS Consumption Indicator rebounds in June

2007-07-31T10:00:00.000+02:00

The UBS Consumption Indicator recovered briskly in June from the downturn in the previous month. It now stands close to April's record level and, at 2.31, is well ahead of its long-term average. At this level, the indicator is signalling continued healthy growth for consumer spending in Switzerland.

UBS Global Asset management launches UBS Hana Asset Management after acquiring Daehan Investment Trust Management Company

2007-07-27T09:00:00.000+02:00

UBS Global Asset Management announced today that it has completed its acquisition of a 51% stake in Daehan Investment Trust Management Company (DIMCO). The new joint venture will operate under the name of UBS Hana Asset Management Company Ltd (UBS Hana Asset Management) in English and Hana UBS Asset Management in Korean.

Hong Kong property prices and rents are set to increase between 15% to 40% by year-end 2008, according to UBS's latest sector forecast

2007-07-24T11:00:00.000+02:00

UBS has extended its forecast on the Hong Kong property market through to the end of 2008.

Index of Investor Optimism

2007-07-23T08:30:00.000+02:00

INVESTOR OPTIMISM DECLINES SLIGHTLY IN JULY Investors More Optimistic About Their Portfolios, But Cautious About Economy Energy Prices and International Tensions Top Investor Concerns

UBS Opens Second Private Wealth Management Office for Ultra High Net Worth Clients

2007-07-18T10:00:00.000+02:00

UBS announced today that it has opened its second Private Wealth Management office dedicated to serving the specialized needs of the firm's ultra high net worth clients. The firm's first Private Wealth Management office, located at 299 Park Avenue in New York, was opened in July 2006

UBS reaches settlement with New York Attorney General and rejects allegations in his press statement

2007-07-16T19:15:00.000+02:00

UBS confirmed today it has reached a settlement agreement with the New York Attorney General (NYAG) regarding InsightOne, its fee-based brokerage program.

UBS Global Asset Management Reports Continued Improvement in US Pension Fund Fitness

2007-07-12T13:00:00.000+02:00

UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, shows pension plan funding ratios improving steadily over the quarter. However, despite this funding ratio improvement, volatility in pension plan funding ratios remains high and should be a concern for many plan sponsors and fund managers.

UBS outlook, 3rd quarter 2007 - Swiss industry powering ahead

2007-07-10T08:00:00.000+02:00

The economic outlook for Swiss industry remains positive. The latest UBS survey, conducted in June, shows growth prospects for this quarter intact thanks to full order books and a strong intake of new orders.

Marcel Rohner appointed Group CEO, effective immediately

2007-07-06T01:10:00.000+02:00

The Board of Directors has appointed Marcel Rohner as UBS's Group Chief Executive Officer, effective today. He succeeds Peter Wuffli, who relinquishes all of his functions at UBS. Raoul Weil will succeed Marcel Rohner as Chairman and CEO of Global Wealth Management & Business Banking. Marcel Ospel will be nominated for another term as Chairman of the Board of Directors once his current term expires.

UBS to become founding corporate partner of MLab at London Business School

2007-07-03T11:30:00.000+02:00

The Management Innovation Lab (MLab) at London Business School, today announced UBS as its first corporate founding partner. The pioneering partnership will see UBS work with the MLab's internationally renowned faculty and staff to generate management innovations relevant to its organisational goals.

UBS expands Japan Wealth Management presence with Nagoya office

2007-07-03T08:43:00.000+02:00

UBS today opened a new Nagoya office to serve high net worth clients in central Japan, underpinning UBS's commitment to growing its wealth management business in Japan. Nagoya is the third wealth management office UBS has established in Japan, following the opening of its Osaka office in March 2006 and the launch of its Japan wealth management business in Tokyo in September 2004.

Lorraine George Harik to Join UBS Wealth Management US

2007-07-02T10:11:00.000+02:00

UBS announced today that Lorraine George Harik will join UBS Wealth Management US as a Senior Client Advisor in the Private Bank. Harik will join as Managing Director and will report to Frank Minerva, Managing Director and Head of the New York Private Wealth Management office.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2007-06-29T10:00:00.000+02:00

As of Monday, 2 July 2007 the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

William A. Houlihan Joins UBS as Managing Director in the Financial Institutions Banking Group

2007-06-28T14:00:00.000+02:00

UBS announced today that William A. Houlihan has joined UBS as a Managing Director in the Financial Institutions Group (FIG) within UBS Investment Bank. Houlihan is based in New York and reports to Oliver Sarkozy, Joint Global Head of FIG Investment Banking.

UBS to launch innovative investment fund that combines the advantages of structured products and investment funds: UBS (Lux) Structured Sicav - Optimisation (CHF/EUR) B

2007-06-28T11:00:00.000+02:00

UBS is to offer an innovative fund that combines the advantages of structured products and investment funds: UBS (Lux) Structured Sicav - Optimisation (CHF) B and UBS (Lux) Structured Sicav - Optimisation (EUR) B. The subscription period will start on 2 July 2007 and end on 16 August 2007. The minimum investment is CHF 150 or EUR 150. The payment date is 21 August 2007.

The UBS Optimisation Fund offers potentially attractive returns in sideways markets via an annual coupon that is reset each year. The advantage is that investors know in advance what coupon they will receive. Additionally, the new fund incorporates conditional downside protection and stringent diversification. The fund is suitable for investors with a moderate-to-high equity-like risk tolerance level.

According to its investment strategy, the UBS Optimisation Fund gives investors exposure to a minimum of 25 structured products based on underlying equities that are carefully selected by UBS specialists. As a result, investors benefit from a diversified portfolio that reduces the specific risk of a single structured product.

The coupons are dependent on market conditions and will be set prior to launch. The indicative coupons are 7% in CHF and 8.5% in EUR for the first year. The coupon will be reset each subsequent year, depending on market conditions. In return for the annually fixed coupon and conditional downside protection, investors are ready to give up a higher return potential in strongly rising markets and accept potential downside equity risk in strongly falling markets.

UBS SME barometer 3rd quarter 2007 - SME business cycle takes off

2007-06-28T09:00:00.000+02:00

Swiss SMEs are continuing their robust expansion. This can be seen from the latest UBS SME barometer, which surveyed around 500 businesses in June. The indicators point to a slight acceleration in growth in the second quarter. Bulging order books and high levels of incoming orders point to intact growth prospects for SMEs in the third quarter.

UBS Hires Bruce Nudell as Senior Healthcare Analyst

2007-06-26T10:00:00.000+02:00

UBS today announced that Bruce Nudell has joined the firm as Managing Director and Senior Healthcare Analyst within US Equity Research at UBS Investment Bank, covering medical supplies and devices companies. He is based in New York and reports to Mark Altman, Head of US Equity Research.

UBS Consumption Indicator dips slightly in May

2007-06-26T10:00:00.000+02:00

The UBS Consumption Indicator was unable to repeat the previous month's record high in May, edging down slightly for the first time in six months. Nevertheless, with a reading of 2.09, the indicator sill stands well above its long-term average, thus signalling persistently solid growth in Swiss private consumption.

James Metcalfe to Join UBS Investment Bank as Global Head of Power Banking

2007-06-25T16:15:00.000+02:00

UBS announced today that James M. Metcalfe will join UBS Investment Bank as Global Head of Power Banking. Metcalfe will be based in New York and report to Rick Leaman and Alex Wilmot-Sitwell, Joint Global Heads of UBS Investment Banking Department (IBD).

UBS launches major climate change research initiative: 'Forget the science - concentrate on financial markets'

2007-06-25T13:29:00.000+02:00

UBS Investment Bank has launched the first part of a major research initiative looking at the implications for financial markets of reactions to climate change. In 12 coordinated research notes and four webcasts, UBS told its clients that no sector will be untouched by the climate change debate, but reactions will be felt differently. The research surmises, 'Forget the science - time to focus on financial markets.'

Index of Investor Optimism

2007-06-25T08:30:00.000+02:00

INVESTOR OPTIMISM DECLINES SLIGHTLY IN JUNE Energy Prices Continue to Top Investor Concerns Residential Real Estate Market Still Shows No Sign of Reaching Bottom

Matthew Hickerson Named Global Head of Communications & Marketing for UBS Investment Bank

2007-06-21T09:30:00.000+02:00

UBS announced today that Matthew Hickerson has joined the firm as Managing Director and Global Head of Communications & Marketing for UBS Investment Bank. He is based in New York and reports to Robert Wolf, Chairman and Chief Executive Officer, UBS Americas and Global Chief Operating Officer of UBS Investment Bank. Hickerson will be responsible for Business Marketing, Branding and Web Services, Employee Communications and Event Marketing for UBS Investment Bank.

UBS Strengthens Infrastructure Advisory Practice With Addition of Three Seasoned Professionals

2007-06-20T15:15:00.000+02:00

UBS announced today that it has hired three seasoned professionals to its Infrastructure Advisory practice. Irene Walsh will join UBS as an Executive Director in UBS's Infrastructure Group. Walsh has over 25 years of experience in infrastructure, including previous work in ratings, advisory, credit banking and debt capital markets. She will be based in New York and report to Carol Rein, Americas Co-Head of Infrastructure.

UBS expects strong growth for the Swiss economy

2007-06-20T00:00:00.000+02:00

The Swiss economy is currently in excellent shape. Leading indicators for the coming quarters point to sustained strong momentum. UBS is therefore raising the growth forecast for 2007 to 2.6% and for 2008 to 2.3%.

Regional Chief Investment Officer Brian Singer says unwinding of the carry trade is imminent

2007-06-18T12:00:00.000+02:00

The "carry trade", a currency trading strategy that for several years has proven very successful for investors, appears close to a turning point that would end its effectiveness, according to Brian Singer, Regional Chief Investment Officer for the Americas and Head of the Global Investment Solutions (GIS) team for UBS Global Asset Management.

UBS raises interest rates

2007-06-14T12:00:00.000+02:00

UBS is increasing interest rates by up to 0,375% for its Swiss franc and euro-denominated retirement provision and savings accounts.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2007-06-07T10:00:00.000+02:00

As of Friday, 8 June 2007 the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS Hires Donald Belanger as Head of EMEA Real Estate Capital Markets

2007-06-05T17:48:00.000+02:00

UBS announced today that Donald Belanger will join UBS as a Managing Director and Head of Europe, Middle East and Africa (EMEA) Real Estate Capital Markets. Belanger will join UBS from Credit Suisse where he was Head of European Real Estate Finance and was responsible for the origination, structuring and distribution of all real estate debt in Europe.

Belanger will be based in London and will report to Ramesh Singh, Global Head of Securitized Products and Americas Head of Debt Capital Markets. He will work closely with Wilson Lee, Head of EMEA Real Estate Principal Finance and Head of Real Estate Finance for Asia Pacific. Lee continues to report to Singh and is also based in London.

Prior to joining Credit Suisse, Belanger was a Managing Director in the Global Real Estate Debt Markets Group at Deutsche Bank in New York where he also supported the European Real Estate growth initiative. Previously, he worked at Nomura Securities in structured products and at Fitch as an analyst evaluating commercial mortgage backed securities.

"Hiring a real estate veteran such as Don is an important step towards continuing to build our real estate capital markets capabilities in Europe" said Lee. "We are confident that we will be able to achieve our strategic goal of successfully growing a client-centric origination, structuring and distribution business, that is well integrated within the broader UBS client base and product platform." added Singh.

Belanger earned his B.A. in business economics from the University of California, Los Angeles and his MSc in finance and accounting from the London School of Economics and Political Science.

UBS Appoints Gareth Evans as UK Equity Strategist

2007-06-04T15:30:00.000+02:00

UBS today announced the appointment of Gareth Evans as its UK Equity Strategist.

Evans will join as an Executive Director and report to Nick Nelson, head of European Equity Strategy. He joins UBS from ING where he was Pan-European strategist for eight years. He began his career working as a UK portfolio strategist for Capel-Cure Myers Capital Management in 1994.

Nick Pink, head of UBS European Equity Research said;

UBS to offer equity execution in Pakistan

2007-05-31T10:00:00.000+02:00

UBS Investment Bank today announced that it will offer cash equity execution and a suite of comprehensive equity products in the Pakistan market. The move will significantly enhance UBS's equities execution capabilities in Pakistan's rapidly growing stock market and is in line with its commitment to provide its clients with access to a wide range of stock markets in the region.

UBS Consumption Indicator rises again

2007-05-29T08:45:00.000+02:00

The UBS Consumption Indicator continued its upward trend in April. At 2.35 points, it reached its highest level since July 2001, indicating that consumer spending continues to grow at a solid pace in Switzerland. In fact, consumption may even have accelerated since the beginning of the year.

Index of Investor Optimism

2007-05-29T08:30:00.000+02:00

MAY INVESTOR OPTIMISM HITS HIGHEST LEVEL SINCE JANUARY Investors Plan to Cut Overall Spending in Response to Surging Energy Prices Residential Real Estate Market Conditions Continue to Worry Investors

UBS Appoints Deputy CIO within UBS Global Asset Management's Alternatives Business

2007-05-21T14:00:00.000+02:00

UBS Global Asset Management's Alternative and Quantitative Investments platform (A&Q) today announced the appointment of Rick Nardis as Deputy Chief Investment Officer to Alternative Investment Solutions, a key multi-manager provider within A&Q.

UBS Investment Bank to Partner With the Clinton Climate Initiative in Landmark Program Aimed at Reducing Energy Use in Buildings

2007-05-17T16:00:00.000+02:00

UBS Investment Bank announced today that it has been named as a Founding Financial Partner in conjunction with a new landmark program launched by the Clinton Foundation's Climate Initiative (CCI), The Energy Building Retrofit Program. Under this program, a select group of large city governments from around the world will retrofit municipal and other public buildings as well as provide incentives to large private building owners to make their buildings more energy efficient. As buildings are the largest users of energy in urban areas, this program promises to provide significant reductions in energy usage, typically 20 to 50 percent, and therefore greenhouse gas emissions in the participating cities. Initial target cities include London, Paris, New York and Shanghai among others.

Consolidation likely in China's developer sector while, in Hong Kong, property prices are set to increase, according to UBS

2007-05-15T13:00:00.000+02:00

Continuing credit tightening in China has the potential to trigger consolidation in the country's property development sector, while, recent policy changes implemented by the China Banking Regulatory Commission (CBRC) with regard to QDII, are likely to have a positive impact on the property sector in Hong Kong, says Eric WONG, Co-head of Asian Real Estate at UBS.

UBS reports first quarter result of CHF 3,275 million

2007-05-11T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 3,275 million, down CHF 229 million from the same period a year earlier (first quarter 2006 included a CHF 290 million after-tax gain from sale of Motor-Columbus) - Financial businesses attributable profit from continuing operations of CHF 3,182 million, a new record and up 4% from both first and fourth quarter 2006 - Total UBS net new money was at an all-time high of CHF 52.8 billion, with CHF 44.8 billion inflow from wealth management businesses worldwide - Diluted EPS from continuing operations of CHF 1.62, up 9% from a year earlier, cost/income ratio of 68.1%, down 0.3 percentage points from first quarter 2006 - Return on equity of 28.7%, down from 29.6% a year earlier, still well above UBS's target of a 20% minimum over the cycle - All business groups reported record profits in first quarter

UBS Global Asset Management purchases 51% of Daehan Investment Trust Management Company

2007-05-11T07:00:00.000+02:00

UBS Global Asset Management has entered into a stock purchase agreement with Daehan Investment & Securities Company Ltd (DI&S) to acquire 51% of Daehan Investment Trust Management Company Ltd (DIMCO), one of Korea's largest asset management companies. Under the joint venture, DIMCO will be known as UBS Hana Asset Management Company Ltd (UBS Hana Asset Management) internationally, and as Hana UBS Asset Management in Korean. The transaction remains subject to regulatory approval.

UBS to acquire 50% of Northern Star Generation

2007-05-09T08:30:00.000+02:00

UBS announced today that its Infrastructure Asset Management (IAM) business has agreed to acquire a 50% stake in Northern Star Generation LLC from AIG Highstar Generation LLC, a subsidiary of AIG Highstar Capital II L.P. The transaction is expected to close in the third quarter of 2007, subject to regulatory approvals.

UBS Remains a World Leader in Hedge Funds

2007-05-03T14:00:00.000+02:00

UBS remains a world leader in hedge funds through its Alternative and Quantitative Investments (A&Q) business within Global Asset Management.

UBS announces reintegration of Dillon Read Capital Management Portfolios into the Investment Bank. Outside investor funds to be redeemed

2007-05-03T07:00:00.000+02:00

Mayor Bloomberg Joins Children from the Police Athletic League, Officials from UBS and the PGA TOUR Commissioner to Tee Off

2007-05-02T16:20:00.000+02:00

at Replica of Famed TPC Sawgrass 17th Hole at Rockefeller Center

Recreation of Renowned Golf Course Gives Public Chance to Play in Midtown

Mayor Bloomberg will join ten Bronx-area youth from the New York City Police Athletic League, ages 10-12, PGA TOUR Commissioner Tim Finchem, and Robert Wolf, Chairman and CEO of UBS Group Americas, to tee off at a replica of the notorious 17th hole at TPC Sawgrass on Thursday, May 3rd from 10:30 AM- noon at Rockefeller Center Plaza, 49th Street between 5th and 6th Aves, Manhattan.

UBS Indonesia Conference 2007 reflects international investors' confidence in Indonesia

2007-05-02T09:30:00.000+02:00

Against the backdrop of Indonesia's positive economic outlook, UBS is hosting its first UBS Indonesia Conference in Jakarta that will bring together international investors and high profile Indonesian companies listed on the Jakarta Stock Exchange.

UBS to report First Quarter 2007 Results on May 3rd

2007-04-26T10:03:00.000+02:00

The results will be presented on Thursday, 3 May, by Clive Standish, Chief Financial Officer, and Tom Hill, Chief Communication Officer.

UBS Investment Bank Launches - UBS Global Warming Index

2007-04-24T15:00:00.000+02:00

UBS Investment Bank is pleased to announce the launch of the UBS Global Warming Index (UBS-GWI).

UBS Consumption Indicator surges to highest level in years

2007-04-24T10:00:00.000+02:00

The UBS Consumption Indicator continued its upward trend in March. At 2.13 points, it reached its highest level since July 2001, indicating that consumer spending continues to grow at a solid pace in Switzerland. In fact, consumption may even have accelerated in the first quarter of 2007.

Index of Investor Optimism

2007-04-23T08:30:00.000+02:00

INVESTOR OPTIMISM DECLINES FOR THIRD MONTH IN A ROW High Energy Prices, Real Estate Market Conditions Dominate Investor Concerns

UBS SME barometer 2nd quarter 2007 - Economy loses some steam in SME segment

2007-04-19T09:00:00.000+02:00

Swiss SMEs continue to assess economic developments in a very positive light. This is evidenced by the latest UBS SME barometer, which surveyed 500 companies in March. However, the results point to a slight growth slowdown in the first quarter of 2007. In addition, the driving forces of the economy will increasingly shift toward domestic-oriented businesses in the services sector in the second quarter.

UBS draws Asia's best with opening of Wealth Management Campus in Singapore

2007-04-13T12:00:00.000+02:00

UBS today officially opened the UBS Wealth Management Campus - Asia Pacific (UBS WM Campus - APAC) in Singapore. The move underpins UBS's commitment to nurture and groom the best talent in Asia and is pivotal to UBS's growth strategy in the region. The Campus was opened by LIM Hng Kiang, Minister of Trade & Industry and Deputy Chairman of the Monetary Authority of Singapore.

UBS outlook, 2nd quarter 2007 - Industrial activity shifts into lower gear

2007-04-12T08:00:00.000+02:00

Swiss industry is still on the up. The results of the latest UBS survey in March, however, point to a modest slowdown in growth.

UBS Global Asset Management US Pension Fund Fitness Tracker Finds Funding Ratios Endured Bumpy Ride in First Quarter 2007

2007-04-09T10:00:00.000+02:00

UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, finds that pension plan funding ratios went on a wild ride, caused by volatility in both equity markets and interest rates

UBS Brings THE PLAYERS Championship to Rockefeller Center May 4-13

2007-04-09T09:30:00.000+02:00

Beginning Friday, May 4, through Sunday, May 13, visitors to Rockefeller Center will have the opportunity to take the most intimidating shot in golf at The UBS Golf Challenge: Experience THE PLAYERS Championship. The scaled replica of THE PLAYERS Stadium Course's iconic island 17th hole will serve as the centerpiece to an interactive exhibit made possible by UBS, a Proud Partner of THE PLAYERS, and hosted by Tishman Speyer, co-owners of Rockefeller Center.

Aryeh Bourkoff Named Vice Chairman of TMT Investment Banking

2007-04-02T16:30:00.000+02:00

UBS announced today that Aryeh Bourkoff has been named Vice Chairman of Technology, Media and Telecoms (TMT) Investment Banking, effective May 1st. In his role as Vice Chairman of TMT Investment Banking, Bourkoff will leverage his deep relationships in the TMT sector to cover a broad range of companies.

UBS Global Asset Management enters co-operation agreement with Vietnam's Vietcombank

2007-04-02T12:00:00.000+02:00

In one of the first agreements of its kind in Vietnam, UBS Global Asset Management and Vietnam's Vietcombank (VCB) today signed a co-operation agreement at a ceremony in Hanoi. The agreement allows the institutions to enhance their existing relationship through greater sharing of technologies, knowledge exchange, training and increased product distribution through their respective platforms.

UBS launches the KLD Dividend Achievers Social Investing Series 2007A

2007-03-27T15:30:00.000+02:00

UBS AG today announced that it has launched the KLD Dividend Achievers Social Investing Series 2007A, a unique unit investment trust ["UIT"] designed to meet the needs of UBS Wealth Management US clients who are seeking socially responsible investments with a track record of increasing dividends.

UBS Consumption Indicator pushes higher

2007-03-27T10:00:00.000+02:00

The UBS Consumption Indicator rose again in February, indicating that consumer spending is continuing to grow at a solid pace in Switzerland. In fact, consumption may even tick modestly higher in the first quarter of 2007.

UBS Consumption Indicator rises again

2007-03-27T10:00:00.000+02:00

Index of Investor Optimism

2007-03-26T08:30:00.000+02:00

INVESTOR OPTIMISM DECLINES FOR SECOND MONTH IN A ROW Investor Concerns about Real Estate Market Continue to Increase Optimism about Stock Market Performance Declines

UBS enters into Crude oil Storage Agreement with Enbridge

2007-03-13T14:00:00.000+01:00

UBS today announced that its Calgary-based subsidiary, UBS Commodities Canada Ltd., has entered into a crude oil tankage agreement with Enbridge Midstream Inc.

UBS Global Asset Management Launches First Absolute Return Plus Fund in Singapore

2007-03-12T10:17:00.000+01:00

UBS Global Asset Management announced today that it has launched the UBS (Lux) Key Selection Sicav - Absolute Return Plus Fund ("UBS Absolute Return Plus Fund") in Singapore. Targeted at retail investors in Singapore, the fund aims to generate consistent, positive returns across various market conditions and is the first retail fund from UBS to offer absolute returns to Singapore investors.

UBS bolsters prime brokerage team in Asia Pacific

2007-03-07T11:00:00.000+01:00

Underscoring its commitment to the development of its prime brokerage market in Asia Pacific, UBS has announced the appointment of David GRAY as the Head of Asia Pacific Prime Brokerage, based in Hong Kong. In a separate move, Colin TAYLOR has been named Head of Australian Prime Brokerage.

William Drewry to join UBS as Managing Director in its Global Media Banking Sector

2007-03-06T11:43:00.000+01:00

UBS announced today that William Drewry has agreed to join as a Managing Director in the Media Investment Banking Sector. Mr. Drewry will be based in Atlanta and will report to Navid Mahmoodzadegan, Global Head of Media Investment Banking.

UBS Securities Malaysia becomes first foreign broker in Malaysia to be granted authorised borrower status

2007-03-05T12:00:00.000+01:00

As part of the Malaysian Securities Commission's efforts to develop and deepen the country's capital markets, Bursa Malaysia has reintroduced regulated short-selling and securities borrowing and lending activities and has granted UBS Securities Malaysia authorised borrower status under the scheme.

New football-themed UBS MasterCard for UEFA EURO 2008™

2007-02-27T11:30:00.000+01:00

Beginning 1 March, UBS will be offering the MasterCard UEFA EURO 2008™. A package of fan merchandise will be issued with every card, which has the same terms and conditions as a UBS MasterCard Standard. UBS is a National Supporter of UEFA EURO 2008™ and the title sponsor of the "UBS ARENA" public viewing areas in Swiss cities.

UBS Consumption Indicator points to brisk private consumption

2007-02-27T10:00:00.000+01:00

The UBS Consumption Indicator climbed to 1.95 in January, its highest level since June 2006. The Swiss economy should thus continue to garner support from robust private consumption.

Investor Optimism takes a tumble

2007-02-26T08:30:00.000+01:00

Two in Three Investors Say It Is Still a Good Time to Invest Investors Remain Concerned about Higher Gas Prices at the Pump Investors Say Residential Real Estate Conditions Are Getting Worse, Not Better

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2007-02-22T17:00:00.000+01:00

As of Friday, 23 February 2007, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS SME barometer 1st quarter 2007 - Good times for SMEs

2007-02-19T10:00:00.000+01:00

Swiss SMEs continue to regard the general economic trend as very positive. This can be seen from the latest UBS SME barometer, which surveyed around 500 businesses in January. Despite the strong economic data, however, growth has probably peaked. Many businesses are still looking to hire new staff. Most of the qualified staff hired in 2006 came from abroad.

UBS reports 2006 result of CHF 12,257 million and fourth quarter result of CHF 3,407 million

2007-02-13T07:00:00.000+01:00

Full-year 2006 - Net profit attributable to UBS shareholders of CHF 12,257 million, with CHF 11,491 million from continuing operations and CHF 766 million from discontinued operations - Financial businesses' attributable profit from continuing operations at a record CHF 11,249 million, up 19% from 2005 - Total UBS net new money at a record CHF 151.7 billion, with CHF 113.3 billion from wealth management businesses worldwide Fourth quarter 2006 - Fourth quarter attributable profit from continuing operations of CHF 3,145 million, up 19% from the same period a year earlier, with financial businesses contributing CHF 3,055 million, up 18% year-on-year - Total UBS net new money a strong CHF 25.5 billion, with CHF 21.7 billion inflow from wealth management businesses worldwide - Fourth quarter diluted EPS from continuing operations of CHF 1.54, up 20% from a year earlier. Cost/income ratio of 70.6%, down 0.3% from fourth quarter 2005 Dividend, share buyback - Proposed dividend payout of CHF 2.20 a share, up from CHF 1.60 a year earlier (adjusted for last year's 2-for-1 split and excluding the one-time par value repayment for the sale of Private Banks & GAM) - New three-year second line repurchase program with a maximum limit of 10% of shares issued, representing approximately CHF 16 billion at current share price level

UBS Hosts 17th Annual Global Healthcare Services Conference

2007-02-12T07:00:00.000+01:00

The 17th annual UBS Global Healthcare Services Conference begins today at the Grand Hyatt in New York City and runs through Wednesday, February 14. More than 1,500 portfolio managers, analysts, and investors are scheduled to attend.

UBS Global Asset Management Advises: Performance Chasing Leads to Failure

2007-02-07T14:00:00.000+01:00

Regional Chief Investment Officer Brian Singer says investors perform worse than their own investments. In an investor culture obsessed with "beating the market," investors not only underperform the market, they also underperform their own investments, according to Brian Singer, Regional Chief Investment Officer, Americas, and Head of the Global Investment Solutions (GIS) team for UBS Global Asset Management.

UBS Investment Bank Expands in Commodities with Creation of Agriculturals Team

2007-02-07T09:00:00.000+01:00

UBS Investment Bank is pleased to announce the creation of a new Agriculturals team within its Commodities business.

UBS to report Fourth Quarter 2006 Results on February 13th

2007-02-06T21:30:00.000+01:00

The results will be presented on Tuesday, 13 February by Peter Wuffli, Chief Executive Officer, Clive Standish, Chief Financial Officer, and Tom Hill, Chief Communication Officer.

UBS outlook update 1st quarter 2007 - Swiss industrial activity has passed its peak

2007-02-06T10:00:00.000+01:00

Strong momentum from exports helped Swiss industry continue to expand in the fourth quarter of 2006, but companies expect growth to slow in the first quarter of 2007. These are the results of the latest UBS quarterly survey, which polled some 330 Swiss industrial companies in January.

UBS bolsters utility research team in Asia Pacific

2007-02-05T12:00:00.000+01:00

In recognition of the growing importance of the utility infrastructure sector in Asia Pacific, UBS has strengthened its research platform in this key area with the appointment of Stephen OLDFIELD as Head of the number one-ranked Asian Utilities research team.

UBS Names Randall Beard Global Head of Marketing for UBS Global Wealth Management & Business Banking

2007-02-05T09:00:00.000+01:00

UBS announced today that it has named Randall Beard as Global Head of Marketing for UBS Global Wealth Management & Business Banking.

Climate change: beyond whether

2007-02-02T17:00:00.000+01:00

As scientists tip 2007 to be the hottest year since records began, UBS Wealth Management Research publishes comprehensive research on what this means for investors.

Vice Chairman of UBS Global Wealth Management Relocates to Singapore

2007-02-02T11:00:00.000+01:00

Reflecting the increasing importance and strategic focus of Asia Pacific to its wealth management business, UBS AG today announced the relocation of its Vice Chairman of Global Wealth Management, Carlo A. GRIGIONI, from Switzerland to Singapore.

Climate change: beyond whether

2007-01-31T17:30:00.000+01:00

As scientists tip 2007 to be the hottest year since records began, UBS Wealth Management Research publishes comprehensive research on what this means for investors.

UBS Wealth Management Research Publishes "Climate Change: Beyond Whether"

2007-01-31T09:30:00.000+01:00

As scientists bank on 2007 to be the warmest year since records began, this new report provides comprehensive, cutting-edge guidance on what climate change means for the individual investor

Unprecedented tightness in China's coal system will ensure strong demand and limited supply

2007-01-25T15:00:00.000+01:00

After three years of surging fixed asset investment, China's coal supply system continues to struggle to generate growth and faces a number of challenges that have the potential to undermine attempts to boost output. As a result, UBS remains positive on coal prices in China and dispels three popular misconceptions that suggest coal prices will fall.

Wharton Executive Education and UBS Launch "Career Comeback," A New Program for Women Reentering the Workforce

2007-01-25T12:00:00.000+01:00

Women Returning to Work after a Career Hiatus Face Obstacles; New Program Supports Women in Career Transition

UBS Wealth Management US Names Michael Roberts Head of Trust Services

2007-01-23T15:30:00.000+01:00

Firm Also Opens Delaware Trust Office

Inaugural UBS US Pension Fund Fitness Tracker Finds Dramatically Improved Pension Plan Health for 2006

2007-01-22T15:30:00.000+01:00

UBS Global Asset Management today announced the inaugural UBS US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of the typical US defined benefit pension plan.

Investor Optimism reaches highest level in three years

2007-01-22T08:30:00.000+01:00

Over One-Third of Investors Expect Stock Market to Reach New Record Level in '07 Investors Less Pessimistic about Residential Real Estate Outlook

Economic growth in Asia and Europe to hold up in 2007, according to UBS Wealth Management

2007-01-19T14:00:00.000+01:00

Economic growth in Asia and Europe will continue in 2007 notwithstanding the prospect of tightening fiscal policy in Europe. Against this backdrop, central banks can be expected to continue to raise interest rates, albeit cautiously, notes Dr Klaus WELLERSHOFF, Chief Economist and Head of Wealth Management Research for UBS Wealth Management & Business Banking.

UBS forecasts another strong year for Asian equity markets

2007-01-17T16:00:00.000+01:00

Earnings per share (EPS) growth and a peak in Asian interest rates will be the primary engines for Asia ex-Japan equities in 2007, according to UBS. The financials, materials, energy and technology sectors are singled out as offering particularly attractive valuations.

UBS outlook 1st quarter 2007 - Swiss business sectors in very good shape

2007-01-15T07:00:00.000+01:00

For nearly all sectors of the Swiss economy, 2006 was an excellent year. While the outlook for 2007 is more restrained, it nevertheless remains positive. The financial sector, electrical engineering, chemicals and watchmaking expect the strongest momentum, as evidenced by the results of a broad-based survey by UBS of more than 4200 companies in 27 main sectors and 95 sub-sectors.

UBS appoints Paul Marcuse to lead UBS Global Asset Management's Global Real Estate business

2007-01-11T11:33:00.000+01:00

UBS Global Asset Management has today appointed Paul Marcuse as head of its Global Real Estate business. Paul will be based in London and will be appointed immediately to the Executive Committee of UBS Global Asset Management.

UBS Appoints Teresa Ressel CEO of UBS Securities LLC

2007-01-08T10:30:00.000+01:00

UBS announced today that Teresa Mullett Ressel has been appointed as Chief Executive Officer of UBS Securities LLC, the U.S. broker-dealer unit of UBS Group Americas.

UBS announces senior management changes within UBS Global Asset Management Fund Services

2007-01-08T10:00:00.000+01:00

Today UBS Global Asset Management announces the appointment of Mark Porter as Head of Fund Services in the UK with effect from 1 January 2007.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2006-12-27T17:00:00.000+01:00

As of Thursday, 28 December 2006, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS Consumption Indicator remains at high level

2006-12-27T10:00:00.000+01:00

The UBS Consumption Indicator trod water at a high level in November, matching the 1.89 recorded in October, and so continues to point towards strong private consumption.

Investor Optimism remains buoyant as 2006 come to a close

2006-12-22T08:30:00.000+01:00

Two in Three Investors Say Now Is a Good Time to Invest Investors Generally Optimistic about Party Shift in Congress

China stocks to maintain momentum but at a slower pace

2006-12-07T16:00:00.000+01:00

The return on equity (ROE) of Chinese companies has been on the rise since 2003 and, as their operational and managerial competence improves, so their ROEs will continue to rise but less quickly than in recent years, says Henry HO, Head of China Research at UBS Investment Bank.

In 2007 the US and European economies will lose steam, while Asia will post solid growth rates

2006-12-04T15:00:00.000+01:00

UBS Wealth Management Research Study: "UBS global outlook" 2007

UBS 34th annual Global Media & Communications conference begins today; features presentations by 85 major media companies

2006-12-04T07:30:00.000+01:00

The 34th Annual UBS Global Media & Communications Conference, "the longest running show on Wall Street," opens today at the Grand Hyatt Hotel in New York City and runs through Thursday, December 7.

UBS Consumption Indicator rises again

2006-11-28T10:00:00.000+01:00

The UBS Consumption Indicator continued its upward trend in October, rising 0.13 points on September's figure to 1.96 and signalling a sustained robust development in private consumption.

UBS Consumption Indicator rises again

2006-11-28T07:45:00.000+01:00

The UBS Consumption Indicator continued its upward trend in October, rising 0.13 points on September's figure to 1.96 and signalling a sustained robust development in private consumption.

Investor Optimism Surges to Match its High Point for the Year

2006-11-27T08:30:00.000+01:00

UBS/Gallup Index of Investor Optimism at 93 - Highest Level since January Energy Price Concerns at Lowest Level Since Measurement Began in March 2004

The Hang Seng Index is on target to hit 21,700 by the end of 2007.

2006-11-16T08:38:00.000+01:00

But while the property market is all set to gain traction in 2007 after a flat 2006 the banking sector will remain under pressure, according to Andrew LOOK, Head of Hong Kong Research, Strategy and Product at UBS.

UBS Q-Series ® "Infrastructure & Utilities": Asset bubble, structural change or fundamental re-rating?

2006-11-14T18:13:00.000+01:00

Over 10 years the global infrastructure and utilities (I&U) sector has outperformed equities and government bonds. New research from UBS suggests this developing asset class will be among the biggest themes in financial markets over the next decade and beyond.

UBS Global Communications and Technology Conference opens in New York

2006-11-14T08:30:00.000+01:00

The UBS Annual Global Communications and Technology Conference opens today at the Grand Hyatt in New York City and runs through Thursday, November 16. The conference will feature presentations by CEOs and other senior executives from more than 200 global technology companies to provide insight into opportunities and challenges in the industry.

UBS Australia Bond Indices see record duration lengthening on 15 November 2006

2006-11-13T07:17:00.000+01:00

UBS, the provider of Australia's benchmark bond indices, today announced that the UBS Bond Australia Composite Bond Index will lengthen on November 15. As a result, investors may need to amend their holdings to remain consistent with index returns.

UBS launches new Basic credit card

2006-11-06T10:00:00.000+01:00

Starting today, UBS will be offering the new UBS Basic Credit Card. This new card is designed to complement UBS's current credit card offering and broaden its product range for private clients.

UBS launches first ever emissions index

2006-11-02T10:00:00.000+01:00

Investors will have access to the market of emissions allowances

UBS reports third quarter 2006 result of CHF 2,199 million

2006-10-31T07:00:00.000+01:00

- Net profit attributable to UBS shareholders of CHF 2,199 million, down 21% from a year earlier. Net profit from continuing operations was down 15% - Financial businesses contributed CHF 2,114 million to attributable profit from continuing operations, down 16% from the same period a year earlier - Diluted EPS of CHF 1.07 in third quarter 2006, down 13%, or CHF 0.16 from CHF 1.23 a year earlier. Annualized ROE at 25.8% in first nine months of 2006, well above UBS's target of 20% minimum over the cycle - Overall net new money at very healthy CHF 41.9 billion in third quarter, with CHF 26.8 billion inflow from wealth management businesses worldwide - Financial businesses contributed CHF 8,194 million to attributable profit (from continuing operations) in nine months to September, up 20% from CHF 6,845 million a year earlier

UBS launches a new share class of UBS-ETF DJ Japan Titans 100

2006-10-30T10:00:00.000+01:00

Institutional share class added to existing share class for private investors

UBS wage survey: 2007 wage increases highest in five years

2006-10-27T11:30:00.000+02:00

Average growth of 2.0% in basic wages expected

Slight increase in UBS Consumption Indicator in September

2006-10-26T09:00:00.000+02:00

The UBS Consumption Indicator rose again in September. At 1.88, it indicates a continued solid trend in Swiss private consumption.

UBS Appoints John Straus Head of U.S. Private Wealth Management Group

2006-10-25T08:00:00.000+02:00

UBS announced today that John Straus has been appointed Head of Private Wealth Management, the group within UBS Wealth Management U.S. that serves the firm's ultra high net worth (UHNW) clients in the United States

Salary increases at UBS

2006-10-25T08:00:00.000+02:00

As of 1 March 2007, UBS will increase the total payroll for its employees and middle management working in Switzerland by 2.5%.

UBS to report Third Quarter 2006 Results on October 31st

2006-10-24T17:10:00.000+02:00

The results will be presented on Tuesday, 31 October by Clive Standish, Chief Financial Officer and Tom Hill, Chief Communication Officer.

UBS Establishes KeyClient Group in Canada

2006-10-24T10:30:00.000+02:00

UBS today announced that it has established a KeyClient Group in Canada dedicated to serving the firm's ultra high net worth clients. An initial group of four wealth management professionals and related service personnel will offer a comprehensive suite of wealth management services to ultra high net worth clients from UBS's Canadian offices.

UBS and SGV launch SME barometer

2006-10-24T08:30:00.000+02:00

At the request of the "Schweizerischer Gewerbeverband" (Swiss association of small and medium-sized enterprises), UBS has for the first time developed an SME barometer. A survey of around 500 Swiss SMEs shows that growth rates have peaked, as is the case in the economy as a whole. Although Q3 business activity improved again on the respectable showing in the previous quarter, the SMEs surveyed said they expect the pace to slacken slightly in the final quarter of 2006.

Investor Optimism continues to increase

2006-10-23T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at 79 - Highest Level in Seven Months Six in Ten Investors Say Their Local Real Estate Markets Are Getting Worse

UBS forecasts slower growth for Switzerland in 2007

2006-10-20T09:00:00.000+02:00

The Swiss economy is poised for slower growth in 2007. UBS expects the rate to ease to 1.5% from a strong 3% this year. However, the prospects for low inflation remain good.

UBS is granted a 'trading code' by Vietnam's State Securities Commission

2006-10-18T11:18:00.000+02:00

UBS was recently awarded a Securities Trading Code Registration Certificate by Vietnam's State Securities Commission.

UBS Announces Launch of iBoxx US Pension Liability Indices

2006-10-18T10:45:00.000+02:00

UBS today announced that it has partnered with International Index Company (IIC) to launch a suite of iBoxx US Pension Liability Indices, a three-index set of benchmarks that seek to mimic pension liability performance.

UBS Investment Research "Global Economic Perspectives"

2006-10-12T10:00:00.000+02:00

Unequal Economics? Inequality in the main industrial economies is rising and average economic statistics are increasingly less reflective of the typical experience of a household in the economy.

Mid-caps remain a safe haven but value remains in the small-cap universe, according to UBS

2006-10-12T08:06:00.000+02:00

With small cap stocks continuing to struggle as a result of the relatively high cost of raw materials, the rising cost of labour, and currency inflation, mid-cap stocks and larger small-caps are providing safer havens for investors. But, if you know where to look upside can still be found in the small-cap universe, said David LEPPER, Head of Regional Small Caps Research, speaking at the UBS Little Acorns Conference.

Swiss industrial activity peaks

2006-10-10T09:00:00.000+02:00

Industrial activity in Switzerland peaked in the third quarter. The latest UBS survey shows that Swiss companies expect growth to slow slightly in the final three months of the year but remain at a high level.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2006-09-29T00:00:00.000+02:00

As of Friday, 29 September 2006, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

Six Firms Launch New Equities Alternative Trading System

2006-09-27T08:00:00.000+02:00

Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS Fund Consortium to Increase Competition for Block Trading

Gery Bruederlin becomes Group Head of Human Resources succeeding Thomas Hammer

2006-09-27T07:00:00.000+02:00

Gery Bruederlin, currently Global Head of HR in Global Asset Management, will become Group Head of Human Resources as of April 1, 2007. He has been with UBS for almost 20 years in various functions across UBS's major businesses and has extensive human resources expertise.

UBS has accepted Thomas Hammer's request to step down from his current function as Group Head of Human Resources by the end of March 2007 in order to return to his professional roots in executive search. He joined UBS in 2002 as a Member of the Group Managing Board and became Group Head of Human Resources in 2003. Hammer very successfully transformed this function into one that plays a crucial role in supporting UBS's strategy to grow as one firm.

UBS Consumption Indicator down slightly in August

2006-09-26T10:00:00.000+02:00

The UBS Consumption Indicator declined again in August month-over-month, but is still at a high level overall. Positive developments on the employment front confirm the view of UBS economists that consumer spending will continue to support the economy.

UBS Global Asset Management Launches New UBS U.S. Equity Alpha Fund for Retail Investors

2006-09-26T08:30:00.000+02:00

UBS Global Asset Management announced today that it has launched the UBS U.S. Equity Alpha Fund, a core equity holding that seeks to generate alpha -- or the excess return over the benchmark -- by investing in both long and short positions. .

UBS sponsors the MIT - China Management Education Project

2006-09-25T16:45:00.000+02:00

UBS has entered a sponsorship agreement with the Massachusetts Institute of Technology (MIT) Sloan School of Management in support of the MIT-China Management Education Project ("the Project") over the next five years.

UBS Becomes Exclusive Corporate Sponsor of "THIRTEEN/WNET NEW YORK'S GREAT PERFORMANCES SERIES" on PBS

2006-09-25T12:00:00.000+02:00

Commitment Begins October 11 With GREAT PERFORMANCES' Carnegie Hall Opening Night 2006

Investor Optimism surges as gas prices fall

2006-09-25T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at 74 - Its Highest Level Since March Energy Price Concerns Decline Significantly Real Estate Market Conditions Continue to Worry Investors

Inaugural UBS Global Hedge Fund Conference - Pan Asia 2006 draws 400 delegates

2006-09-21T10:24:00.000+02:00

The UBS Global Hedge Fund Conference - Pan Asia 2006 was launched in Singapore yesterday. In excess of 400 delegates attended the first leg of the three-day conference. The final two days of the conference will take place in Melbourne on 25th and 26th September. Over recent years, Asia Pacific and Singapore, in particular, have come into increasingly sharp focus as the global investor community begins allocating capital into one of the world's fastest growing regions via a wide array of trading strategies.

Unbundling of commissions - the next 'big thing' in Asian equities, according to UBS

2006-09-20T16:30:00.000+02:00

"Already widespread in the UK, unbundling of advisory and execution commissions paid to brokers is set to become an imperative for the investment management and broking community in Asia," notes Julian PICKSTONE, Head of Asian Unbundling at UBS, speaking at the UBS sponsored Unbundling in Asia - Empowering Equity Commissions conference in Hong Kong.

UBS obtains license to set up branch in the Dubai International Financial Centre

2006-09-14T10:00:00.000+02:00

UBS today announced that it has been granted a license by the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC). This further demonstrates UBS's long term commitment, of over 40 years, to growing its presence within the Gulf region.

UBS 'breaks ground' on new Wealth Management Campus in Singapore

2006-09-12T10:30:00.000+02:00

UBS announced its plans to open the UBS Wealth Management Campus - Asia Pacific , its new wealth management training facility in Singapore today. Heng Swee Keat, Managing Director of the Monetary Authority of Singapore and Chairman of the Institute of Banking & Finance, was the Guest-of-Honour at the event. At the ceremony, UBS was presented with accreditations as both a financial training provider and an assessment service provider in wealth management for high-net worth clients by the Institute of Banking & Finance.

UBS Investment Bank announces modifications to Equity Research Ratings System

2006-09-08T16:00:00.000+02:00

UBS Investment Bank today announced modifications to its equity research ratings system to reflect evolving client needs. While the fundamental basis of the rating system will remain unchanged, the modification will include a change to the return thresholds for "buy," "neutral" and "reduce" recommendations.

UBS Consumption Indicator inches lower in July

2006-08-29T08:07:00.000+02:00

The UBS Consumption Indicator moved lower in July compared with the prior month, but it is still at a high level overall. The current indicator reading confirms the view of UBS economists that consumer spending will continue to support the current economic expansion in Switzerland.

UBS/Gallup Index of Investor Optimism Reaches New Low for the Year at 53

2006-08-28T08:30:00.000+02:00

INVESTOR OPTIMISM DECLINES FURTHER Seven in Ten Investors Say Real Estate Conditions are Getting Worse

UBS Asia Pacific announces winners of its inaugural Stock Picking Competition

2006-08-24T07:24:00.000+02:00

Indus Capital Partners, Blue Pool Capital, Bennelong Asset Management, Lynx Arbitrage and Elliot Advisers, were winners in the inaugural UBS Asia Pacific Stock Picking Competition. In excess of 220 UBS clients from around the world participated in the competition which focused on stock performance in the first half of the year.

Nick Hill and Torsten Bickart to join the European Real Estate Finance Group

2006-08-23T11:14:00.000+02:00

UBS Investment Bank announced today the appointment of Nick Hill and Torsten Bickart to the European Real Estate Finance Group. Mr Hill joins as Executive Director, Head of UK Real Estate Finance and Torsten Bickart joins as Executive Director and Head of German Real Estate Finance. Both will report to Wilson Lee, Managing Director and European Head of Real Estate Finance.

Mr Hill joins UBS from Lehman Brothers Real Estate Mezzanine Partners where he was responsible for their European business. Previously, he worked in their Principal Transaction Group and prior to that he worked at HSBC in property finance. Mr Hill will be based in London and his appointment is with immediate effect.

Mr Bickart joins UBS from HVB where he worked for 13 years, most recently as Head of Real Estate Portfolio Lending for Germany. Mr Bickart will be based in Frankfurt and will join UBS in the Autumn.

The Real Estate Finance business was set up in March this year within the Securitized Products Group headed globally by Ramesh Singh based in New York. Real Estate Finance provides clients both debt and equity finance to our clients in the commercial real estate business leveraging expertise from across UBS Investment Bank.

These hires follow the appointments earlier this year of Matthew Bailey and Nick Bull, who joined the European Real Estate Finance Group in March this year. Mr Bailey joined as Director from Barclays Capital where he specialised in tax restructuring, securitisation and real estate finance. Mr Bull also joined as Director from the Global Real Estate Group at Lehman Brothers where he worked for five years. Prior to that, Mr Bull was a real estate finance lawyer at Clifford Chance. In addition, Soumen Das joined the Real Estate Finance Group as Director from the Real Estate and Leisure Group within UBS' Investment Banking Division where he has been covering UK property companies and corporates for the past 8 years. All report to Wilson Lee.

UBS Study "UBS research focus". Commodities: scarcity of abundance.

2006-08-23T10:00:00.000+02:00

The new report "UBS research focus" from Wealth Management Research projects continued strong growth in demand for natural resources, and cautions that supplies of natural resources will remain thinly stretched in the near term. The report projects continued shortfalls in meeting oil demand, and a peak in oil production within the next quarter century. Underinvestment in the search for base metal deposits will also limit any immediate expansion in production. Countering growing concern that the world will one day run out of precious natural resources, however, the report finds little evidence of long-term scarcity. Specifically, although the market price for energy products and base metals has risen sharply during the past few years, prices are lower than in past cyclical peaks after adjusting for inflation. Moreover, UBS forecasts that natural gas production and other fuel substitutes will likely grow in importance to meet an expected increase in overall energy use. The emergence of cost-effective fuel substitutes will enable reduced reliance on crude oil, and reserves of base metals are sufficient to meet long-term demand forecasts, says UBS.

UBS announces senior management changes within Europe

2006-08-22T13:44:00.000+02:00

UBS announced today the appointment of Jeremy Palmer as CEO of the Investment Bank in Europe, Middle East and Africa (EMEA), with effect from 4th September 2006. Jeremy will report to Huw Jenkins, Chairman and CEO of UBS Investment Bank, and be a member of UBS Investment Bank Management Committee. He will continue to be a member of the Group Managing Board.

Jeremy will move from UBS Wealth Management & Business Banking where he was Head of UBS WM UK, Northern and Eastern Europe. He joined UBS in 2000 having previously held various management positions in Barings, JP Morgan and Salomon Brothers.

In his new role, Jeremy will chair the Investment Bank's EMEA Management Committee and drive the implementation of strategy in this important region. He will focus on developing cross-business opportunities in partnership with the business heads, and expanding the bank's presence in the key emerging markets. Jeremy will be the senior UBS relationship holder with the UK regulator, the FSA. He will also work closely with senior colleagues from other parts of UBS to maximise opportunities arising from the integrated business model.

Jeremy succeeds Robert Gillespie who is scheduled to return from his sabbatical to his role as Vice Chairman of the Investment Bank in the near future.

Commenting on the appointment, Huw Jenkins said: "I am delighted that Jeremy has accepted this important role. He has the experience and vision to deliver the full strength of our integrated firm to our clients and a great insight to all of our businesses."

UBS also announces the appointment of Matthew Brumsen as Head of UBS Wealth Management UK, Northern and Eastern Europe, replacing Jeremy Palmer. Matthew joined UBS in 2001 from Goldman Sachs and was appointed Business Sector Head UK Domestic in October 2004. Under Matthew's leadership the business has expanded significantly both in size and profitability. Going forward he will report to Raoul Weil, Head of Wealth Management International.

Commenting on the changes, Raoul Weil said: "I extend my thanks to Jeremy for his outstanding contribution. He has taken a crucial role in the development of our strategy and has been key to its implementation. He leaves a leadership team, headed by Matthew Brumsen, which is well positioned to take the business to the next level."

London, August 22, 2006
UBS

UBS appoints Joint Head of Asia Property Research

2006-08-17T07:30:00.000+02:00

UBS Investment Bank has appointed Alastair GILLESPIE as Joint Head of Asia Property Research, working alongside Eric Wong. Gillespie, currently with UBS' number one property research team in Australia will be based in Singapore, and report to Nicholas PINK, Head of Asian research.

UBS reports second quarter 2006 result of CHF 3,147 million

2006-08-15T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 3,147 million, up 47% from a year earlier-Attributable profit from continuing operations of CHF 3,088 million in second quarter, up 49% from a year earlier-Financial businesses contributed CHF 3,032 million to attributable profit, up 51% from the same period a year earlier (from continuing operations) - just 0.5% short of the record achieved in first quarter 2006 -Diluted EPS of CHF 1.48 in second quarter 2006 was up 51% or CHF 0.50 from CHF 0.98 a year earlier. Annualized ROE reached 29.6% in first half 2006-Overall new money was healthy at CHF 36.3 billion in second quarter, with CHF 31.2 billion inflow from wealth management businesses worldwideIn first half 2006, attributable profit from financial businesses was CHF 6,080 million, up 34% from CHF 4,538 million in the same period a year earlier

UBS reports second quarter 2006 result of CHF 3,147 million

2006-08-15T07:00:00.000+02:00

2006 UBS Study "Prices and Earnings"

2006-08-09T08:00:00.000+02:00

A global comparison of purchasing power in 71 cities around the world.

UBS to report Second Quarter 2006 Results on August 15th

2006-08-08T09:30:00.000+02:00

The results will be presented on Tuesday, 15 August by Peter Wuffli, Chief Executive Officer, Clive Standish, Chief Financial Officer and Tom Hill, Chief Communication Officer.

Despite a slowdown in headline growth, a recovery in consumption and investment spending in China bodes well for a soft economic landing, according to UBS

2006-07-27T20:45:00.000+02:00

A chronic trade surplus, exacerbated by an undervalued currency, make it an imperative for the Peoples' Bank of China (PBC) to stimulate domestic consumption and imports, according to Henry HO, Head of China Research at UBS Investment Bank. "The balancing act is to sterilise inflows without extinguishing domestic demand. And while two 0.5% reserve requirement ratio hikes in as many months suggest that the PBC is erring on the tight side, macro tightening will not lead to a significant downturn," he said.

UBS Consumption Indicator surges to highest level in years

2006-07-25T10:00:00.000+02:00

The UBS Consumption Indicator continued its upward trend in June. At 2.11, it is now at its highest level since July 2001, suggesting that robust growth in Swiss private consumption is set to continue, and may even pick up slightly.

UBS AG will become the Minnesota Orchestra's first ever Season Sponsor and the capital campaign was completed with a capstone gift of $3 million from UBS.

2006-07-24T10:00:00.000+02:00

Investor Optimism Reaches New Low For Year

2006-07-24T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at 55, Down from 58 in June. Situation in the Middle East of Concern to Investors.

UBS sponsors AWWA's TEACH ME Inc. BusinessAccess

2006-07-18T07:39:00.000+02:00

President S R Nathan of Singapore and Rory Tapner, Chairman & CEO of UBS in Asia Pacific, today officially opened the Asian Women's Welfare Association's (AWWA) TEACH ME Inc.'s (TM Inc.) BusinessAccess centre. UBS is a proud sponsor of the project, which aims to help disabled youths to enter the workforce, and which is in line with a key theme of UBS's global community affairs programme - 'Regeneration of the Community',

UBS Opens First US Office Dedicated to Ultra High Net Worth

2006-07-17T14:00:00.000+02:00

UBS announced today that it has opened its first US office dedicated to serving the firm's ultra high net worth clients. An initial group of 13 Private Wealth Advisors, three Private Bankers and related service personnel will offer a comprehensive suite of brokerage, trust and private banking services to ultra high net worth clients from a single location.

UBS splits shares 2-for-1, makes par value repayment

2006-07-10T07:00:00.000+02:00

UBS's share price will reflect a 2-for-1 share split when trading on the Swiss Exchange starts today, bringing its level more in line with other major companies listed on international financial markets. Because of the split, UBS's share price will open at roughly half Friday's closing level of CHF 132.60. With the split, shareholders will receive two new UBS shares for every old share they held on Friday (7 July 2006).

UBS's opening share price will also reflect a par value repayment of CHF 0.60 per share (pre-split). Investors who held UBS shares last Friday will receive the payment on Wednesday (12 July 2006). As announced previously, this will allow UBS shareholders to benefit from the sale of Private Banks & GAM in 2005. The repayment is exempt from Swiss withholding tax. The par value of UBS shares following both the split and the repayment will be CHF 0.10 each.

UBS shares have new security numbers. They are:

UBS bolsters regional oil & gas research team

2006-07-06T10:52:00.000+02:00

UBS has made a number of new appointments to its regional oil & gas research team adding breadth and depth to its focus on the oil and petrochemical sector.

Swiss industrial activity in full swing

2006-07-05T10:15:00.000+02:00

Activity in the Swiss industrial sector is continuing to run at full speed. According to the latest UBS survey, business accelerated again in the second quarter and the optimistic mood remains intact for the months ahead.

UBS commissioned report identifies issues impacting infrastructure investment in Australia

2006-06-29T09:40:00.000+02:00

Infrastructure investment in Australia is being impacted by a number of policy and regulatory issues according to a report "The future of infrastructure," commissioned by UBS.

UBS Consumption Indicator reaches new high

2006-06-27T10:00:00.000+02:00

The UBS Consumption Indicator climbed to 1.86 in May, reaching its highest level since April 2002. This signals that Swiss consumer spending is continuing to grow robustly.

UBS India Service Centre in Hyderabad officially launched

2006-06-26T11:08:00.000+02:00

Underlining its commitment to India, UBS AG today officially opened the UBS India Service Centre in Hyderabad. The Centre will provide UBS businesses with knowledge services (including research and analytics), business process offshoring (including transaction and data processing), and IT infrastructure support.

Investor Optimism Continues to Decline

2006-06-26T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at Low Point for Year at 58. Fed Will Raise Rates Too Much, Fear Six in 10 Investors. Residential Real Estate Conditions Are Getting Worse, Say Nearly Two in Three.

UBS launches a Commodity Strategy Index

2006-06-19T11:00:00.000+02:00

This new index offers investors an alternative to invest in crude oil

UBS raises interest rates

2006-06-19T11:00:00.000+02:00

UBS is raising interest rates on savings accounts, savings accounts for young people and Fisca accounts. The rates for savings accounts in euro and personal accounts in euro are also being increased. The changes will come into effect on 1 July 2006.

UBS is increasing the interest rates it pays on deposits in response to the rise in domestic long and short-term rates. The Swiss economy remains very dynamic.

The following interest rates will apply with effect from 1 July 2006:

UBS appoints new Head of Equities in India

2006-06-15T09:56:00.000+02:00

UBS India Securities Private Ltd has appointed Sandeep BHATIA as Head of Equities in addition to his current responsibilities as Head of India Research. The appointment became effective on 12th June

UBS expects soft-landing for the US economy

2006-06-14T11:21:00.000+02:00

UBS expects a soft-landing for the US economy but it is left to be seen whether a soft-landing can be followed by a soft (global) take-off, said Paul DONOVAN, Deputy Head of Global Economics, UBS Investment Bank, who is in KL for meetings.

UBS forecasts stronger 2006 Swiss GDP growth at 3.0%

2006-06-14T09:00:00.000+02:00

The Swiss economy is currently in an excellent shape. Preliminary indicators for the coming quarters point to continued strong momentum. The UBS economists have therefore raised their already optimistic forecast for 2006 to 3%.

Thomas C. Mazzucco joins UBS as Global Head of Internet Investment Banking

2006-06-12T10:15:00.000+02:00

UBS announced today that Thomas C. Mazzucco has joined UBS as a Managing Director and Global Head of Internet Investment Banking. Mr. Mazzucco is based in San Francisco reporting to Ian Pereira and Brian Webber, Joint Heads of Americas Technology Investment Banking.

Earnings growth momentum rather than liquidity or interest rates will determine the direction of the Hang Seng Index, according to UBS

2006-06-08T10:38:00.000+02:00

"Volatility in emerging markets has depressed sentiment among equity investors worldwide. However, in light of scant credit growth in Hong Kong in recent years, the market movements should be interpreted as a correction rather than as a prelude to a collapse. Accordingly, we reiterate our year end index target of 17,900 based on a 18.5% growth in pre-exceptional index EPS (earnings per share)," said Andrew LOOK, Managing Director and Head of Hong Kong Research, Strategy & Product, at UBS Investment Bank

Alpha has value, but beta does not? Not true, says UBS Global Asset Management Faster By Combining Rewards Points

2006-06-05T10:30:00.000+02:00

Risk Can Be Managed Better

UBS Consumption Indicator weakens slightly

2006-05-23T22:00:00.000+02:00

The latest figure of 1.62 in April for the UBS Consumption Indicator shows that consumption weakened somewhat compared to March, but was still significantly higher than in February. This confirms the view held by UBS economists that private consumption continues to be robust.

Investor optimism remains at six month low

2006-05-22T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at 64, Unchanged From April Over 90% of Investors Say Energy Prices Hurting Investment Climate Majority of Investors Fear Weakening Housing Market

UBS launches SUPER Notes XVI linked to 10 leading Hong Kong-listed China-related companies

2006-05-15T00:00:00.000+02:00

UBS today launched SUPER Notes XVI (Series no. 16 - US dollar equity-linked notes due 2008) linked to a basket of 10 well-known China-related companies listed in Hong Kong. The Notes have a minimum coupon of 2% payable after one year and 3% payable after 2.5 years, giving a total minimum return of 5% in 2.5 years and a maximum total return of 20% in 2.5 years.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2006-05-11T17:00:00.000+02:00

As of Friday, 12 May 2006, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

Singapore office rentals to rise by 60% by the end of 2007 and reach S$9psfpm by 2009, notes UBS REIT report

2006-05-08T10:57:00.000+02:00

The rental cost of prime office space in Singapore is expected to rise by 60% from S$5 per square foot per month (psfpm) to S$8psfpm by the end of 2007 and could test the previous peak of S$10psfpm achieved in the mid-1990s by 2010, says UBS in its latest research report on Singapore REITs (Real Estate Investment Trusts).

UBS reports first quarter 2006 result of CHF 3,504 million

2006-05-04T07:00:00.000+02:00

UBS to report First Quarter 2006 Results on May 4th

2006-04-27T13:03:00.000+02:00

The results will be presented in a live web conference on Thursday, 4 May, by Clive Standish, Chief Financial Officer, and Tom Hill, Chief Communication Officer.

UBS SDIC Funds Management Company closes inaugural fund

2006-04-26T07:45:00.000+02:00

Underscoring its commitment to China and adding to its current momentum, UBS Global Asset Management's funds management joint venture, UBS SDIC Funds Management Company, closed its inaugural fund, the Core Companies Equity Fund, on 14th April. The RMB2.7 billion (CHF430 million / USD339 million) raised, represents the largest active equity fund raising in China so far this year.

UBS Consumption Indicator on the rise

2006-04-25T10:00:00.000+02:00

The UBS Consumption Indicator climbed significantly in March, reaching its highest level since April 2002. This signals continuing healthy growth of consumer spending in Switzerland.

UBS Wealth Management US Launches Groundbreaking Dual-Card Program For Clients To Earn Rewards Faster By Combining Rewards Points

2006-04-25T09:00:00.000+02:00

Distinctive Rewards Offering Includes Exceptional, Once-in-a-Lifetime Experiences, From Training Sessions with Olympic Athletes to FAO Schwarz Sleepovers to an Insiders' Tour of NASA

Investor optimism drops sharply to a five-month low

2006-04-24T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at 63, Down 16 Points From March More Than Six in Ten Investors Overpaid Taxes Last Year, Expect Refund Investors Overwhelmingly Find Inheritance Tax Unfair

UBS Hosts Global Specialty Pharmaceuticals Conference

2006-04-24T07:30:00.000+02:00

The UBS Global Pharmaceuticals Conference begins today at the Grand Hyatt in New York City and runs through tomorrow, April 25. More than 1,000 portfolio managers, analysts, and investors are scheduled to attend.

Inaugural UBS Wealth Management Associate Program for APAC launched in Singapore

2006-04-20T10:29:00.000+02:00

UBS Wealth Management is proud to announce the completion of the UBS Associate Residential Training (ART) program in Singapore, the first phase of its inaugural Wealth Management Associate Program in APAC. Launched in Asia Pacific to develop talent in the wealth management industry, the program comprises 18 months of integrated rotational training.

Annual General Meeting of UBS AG

2006-04-19T20:00:00.000+02:00

David A. Handler and David P. St. Jean to join UBS' Global Technology Investment Banking Sector

2006-04-12T11:45:00.000+02:00

UBS announced today that David A. Handler and David P. St Jean will join its Investment Banking Division as Managing Directors in the Global Technology sector. Mr. Handler will be based in New York while Mr. St. Jean will be based in Los Angeles. Both will report to Ian Pereira and Brian Webber, Americas Co-heads of the Global Technology Sector.

Swiss industry in dynamic form

2006-04-12T09:00:00.000+02:00

Industrial activity in Switzerland picked up sharply in the first three months of 2006, and the latest UBS survey shows the pace of business climbing to its highest level for six years. The upturn is set to continue unabated in the second quarter of the year.

Regulatory risk is key to the fortunes of Asian telecom markets, according to UBS

2006-04-11T13:13:00.000+02:00

An assessment of the potential change in risk momentum in Asia Pacific's telecom markets included in UBS's Q-Series research report, Asia Telecom - Themes and Strategy, yields a unique insight into future share prices across the region's markets. Focusing on Hong Kong, China, Taiwan, India, Korea, Thailand, Philippines and Australia/New Zealand, the report's key underlying theme is asymmetric regulation, particularly where it might be introduced, or indeed, repealed.

Lack of consolidation and strong economic fundamentals are key to the potential of India's Retail Sector, according to UBS.

2006-04-11T13:09:00.000+02:00

Speaking at UBS Securities' first India Consumer Products and Retail Conference in New Delhi, Jeffrey H. Cohen, Global Head of Retail Investment Banking at UBS, noted that although the Indian formal retail sector was in a nascent stage of development, lack of consolidation and strong economic fundamentals promise huge potential for the sector. Mr. Cohen addressed conference delegates, which included industry players, consulting firms, private equity investors and government leaders, emphasizing that India's unique demographics, culture and real-estate dynamics would require a customized approach from investors.

Kenneth Allen AM joins UBS Investment Bank as Senior Adviser - Asia Pacific

2006-04-11T13:05:00.000+02:00

UBS Investment Bank today announced that Ken ALLEN AM, the former Australian Consul-General in New York, has been appointed as a Senior Adviser - Asia Pacific.

UBS and Sumitomo Corporation agree on settlement of outstanding litigation relating to copper-related transactions

2006-04-07T08:00:00.000+02:00

On 7th April, UBS AG reached agreement with Sumitomo Corporation to settle the litigation brought by Sumitomo Corporation in 1999 in relation to certain copper-linked transactions in which the former UBS had participated from 1995 to 1996.

Under the settlement, with no admission of wrongdoing, UBS has agreed to pay Sumitomo Corporation JPY10 billion (~USD86 million at the current JPY/USD exchange rate of 117). With the agreement, all claims brought by Sumitomo Corporation in the litigation have been settled. The settlement will be wholly reflected in provisions in UBS Investment Bank's first quarter results.

Demographics: a coming of age

2006-04-05T11:00:00.000+02:00

The world's population is aging. Families are having fewer children, medical science is extending people's lives, and the baby boom generation is entering retirement. These trends are not new. They have already been discussed in numerous studies, which, indeed, often arrive at quite somber conclusions. UBS Wealth Management Research projects, however, that countervailing forces will mitigate the negative impact of population aging on overall economic growth per capita. Even a rising transfer to older generations will leave the per capita income growth rate of the working age population at a surprisingly solid level. Demographics will also have only a mild impact on financial markets - fundamentals matter more. But the widespread demographic change through the middle of this century will have a profound impact on the products and services people demand and consequently the health and prosperity of the industries affected and their attractiveness for financial investments.

Demographics: a coming of age

2006-04-05T11:00:00.000+02:00

UBS Global Asset Management calls commodities 'inexact and unstable inflation hedge'

2006-04-04T08:00:00.000+02:00

Report Challenges Conventional Wisdom Citing a history of underperformance and volatility in commodities, UBS Global Asset Management today released a report challenging the commonly held notion that investing in commodities as an asset class provides a reliable hedge against inflation.

UBS Wealth Management launches World Index Basket product to capitalize on continued uptrend in global equity markets

2006-03-31T09:05:00.000+02:00

UBS Wealth Management is offering Australian investors exposure to the growth opportunities in international equity markets as well as a high level of capital protection with the launch of the UBS World Index Basket GROI product (World GROI).

Changes to the Pension Fund of UBS in Switzerland

2006-03-29T00:00:00.000+02:00

UBS will be making changes to its Pension Fund in Switzerland with effect from 2007. With these moves, UBS will ensure that it continues to provide its employees a competitive pension plan over the long term. The financial viability of the fund will be strengthened without the need for higher contributions from the participants.The extra contributions associated with these changes - around CHF 100 million annually - will be financed by UBS. The Pension Fund of UBS will also make a onetime contribution from reserves of approximately CHF 760 million.

UBS Consumption Indicator slightly weaker

2006-03-28T10:00:00.000+02:00

The monthly UBS Consumption Indicator weakened somewhat in February, yet its current reading suggests that robust growth in real private consumption in Switzerland is set to continue.

UBS optimises its range of company credit cards and enters into extensive collaboration with AirPlus

2006-03-27T10:00:00.000+02:00

UBS and AirPlus are jointly launching a complete solution for business travel management. By pooling services, both partners are able to provide domestic and international corporate clients with an efficient and transparent check on their travel expenses.

Investor Optimism holds steady

2006-03-27T08:30:00.000+02:00

UBS/Gallup Index of Investor Optimism at 79, Down One Point from February Price of Energy and Federal Budget Deficit Seen as Serious Drags on Investment Climate Investors Concerned about Illegal Immigration

UBS reiterates Malaysia's long-term value to foreign investors

2006-03-23T11:55:00.000+01:00

UBS remains bullish on the long-term value of Malaysia for foreign investors and will continue to support the Government's drive to strengthen the capital markets.

Asian REIT (ex-Japan) market cap to surpass US$75 billion by 2010

2006-03-22T11:47:00.000+01:00

Asia is home to half the world's population but with real estate space per capita pegged at one of the lowest levels in the world, prospects for growth in Asian real estate developments are bright after years of economic shocks due to the Asian financial crisis and SARS.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2006-03-22T00:00:00.000+01:00

As of Thursday, 23 March 2006, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

Inflation in Indonesia to decline to 6%-7% and GDP growth to moderate by year-end

2006-03-20T13:27:00.000+01:00

Indonesian inflation rate would decline gradually to between 6% and 7% by the end of 2006. Interest rates, which have already peaked, are expected to be cut during the third quarter of 2006. The 3-month SBI rate is expected to decline to 10% by end of 2006. However economic growth would be weaker in 2006 given the adjustment process after the one-time inflation shock in late 2005, according to Christa JANJIC, Senior Economist, Southeast Asia, UBS Investment Bank, who is in Jakarta for meetings.

UBS expects stronger GDP growth of 2.3% in 2006

2006-03-17T08:00:00.000+01:00

The Swiss economy is enjoying a fast pace of growth thanks to the marked recovery seen since the middle of 2005. In view of the persistently favourable global economic situation, UBS economists are raising their 2006 GDP growth forecast for Switzerland from 2.0% to 2.3%.

Growth in Soft Commodities demand from China leads UBS Wealth Management to launch Soft Commodities structured product

2006-03-10T07:50:00.000+01:00

UBS Wealth Management launches its latest structured product - the UBS 3 yr Soft Commodity GROI, linked to the Rogers International Commodity Agriculture Excess Return Index (RICIA-ER). Offering investors 90% capital protection, it capitalizes on growth opportunities of agricultural commodities (especially in China) and will provide leveraged exposure to any positive RICIA-ER Index returns.

UBS commences new share buyback program

2006-03-08T07:00:00.000+01:00

On 8 March 2006, following the end of the 2005/2006 share buyback program, UBS launched a new 2006/2007 one. It will also lead to the cancellation of shares. As in previous years, the repurchase will take place over a "second trading line" on virt-x.

First ever biofuels index launched by UBS and Diapason

2006-03-07T11:00:00.000+01:00

UBS AG and Diapason Commodities Management S.A today launched the UBS Diapason Global Biofuel Index (UBS-D GBFI) - the first commodity-based index for biological fuels. This global index covers a range of commodities used in the production of ethanol and biodiesel. The index is published in USD, EUR, CHF and JPY.

The UBS Diapason Global Biofuel Index is designed to be a highly liquid and international benchmark for biofuel investments. The index is weighted to reflect the importance of different feedstocks used in the production of ethanol and biodiesel as well as the liquidity of the underlying futures contracts. It is composed of futures contracts on 10 physical commodities related to the global production of ethanol and biodiesel. As of index launch, the 2 biofuel groups have respective weights of 83.01% for ethanol and 16.99% for biodiesel.

The Index Composition and weightings of all underlying commodities as of 1 March 2006 are as follows: Biofuel group ethanol: Corn (30.00%), Sugar #11 (29.26%), Sugar #5 (3.71%), Wheat (13.81%), Barley (1.28%), Rice (2.21%), Lumber (2.74%) Biofuel group biodiesel: Rapeseed (7.17%), Canola (3.03%), Soybean Oil (6.80%)

To help ensure a high level of diversification, the UBS-D GBFI relies on the rule that no single component may constitute more than 30% of the index as of the semi-annual reweightings in May and November.

This innovative index adds a new dimension to the liquid commodities indices and can serve as a suitable basis for a variety of structured financial products. Its launch means that investors will, for the very first time, have access to an efficient and liquid investment instrument that gives them exposure to the market performance of alternative fuels.

UBS launches enhanced UBS Australia Bond Indices

2006-03-07T10:51:00.000+01:00

UBS, the provider of Australia's benchmark bond indices, today announced the launch of the new AUSBOND indices website (www.ubs.com/ausbond). The new release builds on the respected UBS Australia Bond Indices providing clients with additional functionality, including the ability to create their own customized indices.

UBS Consumption Indicator continues upward trend

2006-02-28T10:00:00.000+01:00

The consumption indicator calculated by UBS on a monthly basis rose for the third month running in January, sending out a signal that solid growth in real private consumption in Switzerland is set to continue.

Investors demonstrate changing views about retirement.

2006-02-27T08:30:00.000+01:00

Optimism Reading Drops 13 Points.Investor optimism took a hit this month, dropping 13 points since January to its current reading of 80, according to the latest UBS/Gallup Index of Investor Optimism. While this is a significant decline since January, optimism remains higher than it was during most of last year.

UBS strengthens Debt Capital Markets team with two new specialist recruits

2006-02-27T07:00:00.000+01:00

UBS has appointed Fergus Blackstock and Dare Whalley to its Debt Capital Markets team within the Investment Bank in Sydney. The new appointments further strengthen the bank's financial institutions and infrastructure & utilities sector offerings.

UBS and ELBA publishes report on the impact of the 2012 Olympics on East London's economy

2006-02-27T07:00:00.000+01:00

London, 24th February 2006 - UBS and the East London Business Alliance (ELBA) published today a report 'Winning by taking part: East London's economy and the Olympics'. The report examines the cost and benefits of the 2012 London Olympics to the East London economy and the legacy it will leave the London Boroughs of Hackney, Newham and Tower Hamlets.

The direct benefits of hosting the Games are clearly positive and the report identifies a specific net economic benefit of between £5.9billion to £7.8billion pounds. However the direct impact of the Olympics on East London's economy is actually relatively small. The economic impact from hosting an Olympic Games is largely about legacy effects.

The opportunity to host the Games could represent one of the biggest single changes to East London's infrastructure and economy in over half a century. If effectively planned, the Olympics should benefit the economy through improvements to transport, education, health and the urban environment. The report also considers intangible benefits that can offer significant gains to the East London Economy. As East London becomes the focus of the international media, this is likely to generate corporate involvement in the East London community, an opportunity that is unlikely to be repeated for decades.

Peter Welton, Director of London Legacy 2020 for the East London Business Alliance commented: "The Olympics Games is a tremendous opportunity to leave a lasting legacy for East London. It is this legacy that will make the 2012 Olympic Games truly successful".

Paul Donovan, UBS Economist commented: "In many ways, it is the indirect or intangible benefits from hosting the Olympic Games that offer the greatest potential for the economy of East London. The legacy from the change in East London's social and urban environment; education and training; and the encouragement of inward investment will outlast the Games for some time."

For copies of the report please contact Sam Smith, Media Relations, UBS on +44 20 7568 9982 or at samantha.smith@ubs.com.

James R. Schaefer joins UBS as Managing Director in its global power investment banking sector

2006-02-21T11:15:00.000+01:00

UBS announced today that James R. Schaefer has joined as Managing Director in the Global Power Investment Banking Sector. Mr. Schaefer will be based in New York and will report to Walter S. Hulse III, head of the Global Power Investment Banking Team.

UBS Global Asset Management publishes "The Bond Bubble - the danger of risk aversion"

2006-02-21T09:00:00.000+01:00

London, 27 January 2006. The report examines the distortion of UK bond markets and the increase in investment risk caused by the UK pension funds' acute risk aversion. UBS believes that pension funds should be wary of committing assets to these markets at current yields.

Actuate risk aversion by UK funds has created a bubble that has distorted UK bond markets and increased investment risks. There has been a dramatic collapse in real yields on long-dated UK bonds as pension fund demand has outstripped supply.

For many defined benefit pension funds, the impact on liability costs has been severe. Even strong equity markets have not been enough to prevent deficits rising sharply.

Nic Barnes, Executive Director and Head of Sterling Fixed Income at UBS Global Asset Management and author of the report comments: "Real yields at current low levels are unsustainable. As a consequence we have positioned our clients' discretionary managed pension funds accordingly."

Barnes adds, "even pensions funds considering low-risk liability matching using long-dated, index-linked gilts should be wary of committing assets to the market at current yields."

Contact:

Charles Gorman, UBS Media Relations
Telephone: +44 020 7568 2910
Email charles.gorman@ubs.com

UBS forecasts exponential growth in Asian REIT market, 50% rise in Hong Kong property prices.

2006-02-16T10:26:00.000+01:00

An uptick in the use of Real Estate Investment Trusts (REITs) by integrated property companies seeking to recycle capital has the potential to push the capitalisation of REIT markets in Asia to US$100 billion by 2010, according to Charles NEO, Co-Head of Asia Property Research at UBS Investment Bank. At the same time, Eric WONG, Co- Head of Asia Property Research, forecasts that Hong Kong residential and commercial property prices will rise by 50% over the next two years.

UBS Natural Gas & Electric Utilities Conference Opens Today in New York

2006-02-15T08:30:00.000+01:00

The UBS Natural Gas & Electric Utilities Conference opens today and continues through tomorrow at The Pierre Hotel in New York City. The conference, themed "Fueling Growth," will feature formal presentations by senior management of 19 prominent companies in the sector with a keynote luncheon presentation and a panel discussion on "Finding Growth."

UBS launches Global Infrastructure & Utilities Index series

2006-02-14T07:30:00.000+01:00

UBS today announced the launch of the UBS Global Infrastructure & Utilities Index series. The new index series, calculated by Standard & Poor's - the world's leading index provider, is designed to give the financial community a stable and objective basis for evaluating the performance of the growing global listed Infrastructure & Utilities market.

UBS reports 2005 result of CHF 9,844 million and fourth quarter result of CHF 2,629 million

2006-02-14T07:00:00.000+01:00

- total 2005 attributable profit, including the gain from the sale of Private Banks & GAM, of CHF 14,029 million

UBS hosts 16th annual global healthcare services conference

2006-02-13T08:30:00.000+01:00

The 16th annual UBS Global Healthcare Services Conference begins today at the Grand Hyatt in New York City and runs through Wednesday, February 15. More than 1,500 portfolio managers, analysts, and investors are scheduled to attend. The conference features presentations by senior executives from approximately 150 firms representing acute care, alternate site, distribution, healthcare REITs, information technology, laboratory services, long-term care, managed care, pharmaceutical services, staffing, and other sub-sectors from around the globe.

UBS reports 2005 result of CHF 9,844 million and fourth quarter result of CHF 2,629 million

2006-02-13T07:00:00.000+01:00

- total 2005 attributable profit, including the gain from the sale of Private Banks & GAM, of CHF 14,029 million

UBS Statement on Settlement of Wage and Hour Litigation

2006-02-09T07:00:00.000+01:00

UBS AG announced today that it has reached agreement in principle to settle class-action wage and hour claims filed in several federal courts on behalf of Financial Advisors and Financial Advisor trainees.

UBS appoints Head of Philanthropy Services in Asia Pacific

2006-02-07T10:35:00.000+01:00

Underlining its commitment to philanthropic activities in Asia Pacific, UBS has appointed Terry Alan FARRIS as Head Philanthropy Services Asia Pacific. Farris will report to Henry HIRZEL, KeyClient Segment for UBS Wealth Management in Asia Pacific.

UBS to report Fourth Quarter 2005 Results on February 14th

2006-02-07T09:15:00.000+01:00

The results will be presented in a live web conference on Tuesday, 14 February, by Peter Wuffli, Chief Executive Officer, Clive Standish, Chief Financial Officer, and Tom Hill, Chief Communication Officer.

UBS outlook update 1st quarter 2006. Swiss industry in top form.

2006-02-07T09:00:00.000+01:00

The upswing in Swiss industry accelerated strongly in the final quarter of 2005. Growth in most sectors of the economy looks to be continuing for the moment according to the latest UBS quarterly survey conducted in January.

UBS outlook 1st quarter 2006. Swiss business sectors in good shape.

2006-01-27T10:00:00.000+01:00

For the vast majority of sectors in the Swiss economy, 2005 was a good year. Sales and earnings were both up. The outlook for 2006 is judged to be nearly as good, with pharmaceuticals and financials slightly ahead of the others. This results from a broad-based survey carried out by UBS of more than 4,700 companies in 27 main sectors and 97 sub-sectors.

UBS CreditDelta enhances portfolio analysis with integration of Markit benchmark pricing

2006-01-24T11:00:00.000+01:00

London, 24 January 2006 - UBS Credit Delta, the fixed income portfolio and risk management platform used globally by hedge funds and asset managers and Markit Group Limited ('Markit'), a leading source of independent mark-to-market pricing and valuations, today announced the availability of Markit's benchmark pricing integrated with UBS CreditDelta for mutual customers.

Market credit default swap pricing is now available to mutual customers within UBS Credit Delta platform to help the hedge fund and asset management community exposed to credit derivatives value, monitor and service their risk management needs using the best available benchmark credit data from Markit.

Julie Chakraverty, Global Head of Fixed Income Analytics at UBS said: "This development demonstrates UBS CreditDelta's continued commitment to our clients' growing needs. We create true added value by providing our clients with both choice and technical excellence. It also represents a next step in UBS's new institutional Client Connectivity initiative, designed to extend our portfolio services model and establish seamless electronic gateways with our clients."

"Markit is delighted to be working with UBS CreditDelta to further help joint customers get an integrated view of the best available credit pricing for their risk management needs," said Mark Hunt, Director, Product Development at Markit Group.

Enquiries:

Julie Chakraverty, UBS CreditDelta +44 20 7568 3436
julie.chakraverty@ubs.com

Teresa Chick, Markit Group Limited +44 20 7890 5094
teresa.chick@markit.com

UBS Consumption Indicator still on the rise

2006-01-24T10:00:00.000+01:00

The consumption indicator calculated by UBS on a monthly basis rose slightly for the second time in a row in December, a signal that solid growth in real private consumption is going to continue.

Investor optimism increases for fourth straight month.

2006-01-23T08:30:00.000+01:00

Highest Level in Year and a Half. Investors Confident about Outlook for Economic Recovery. Energy and Healthcare Top Investor Concerns for 2006.

As global economic imbalances continue to grow, investors should consider shifting from traditional to non-traditional assets and absolute return structures, says UBS Wealth Management

2006-01-20T15:00:00.000+01:00

The world economy and its financial markets remain in an upward trend. But as valuations increasingly reflect fair value under the assumption of continued economic growth and low inflation, markets run the risk of becoming complacent, notes Dr Klaus Wellershoff, Chief Economist and Head of Wealth Management Research for UBS Wealth Management & Business Banking. As a result, investors should consider relinquishing traditional assets in favour of non-traditional assets classes, in particular, absolute return structures, he said.

Asian economies are unlikely to decouple from the US, but are better positioned to weather global uncertainties, notes UBS Wealth Management

2006-01-20T15:00:00.000+01:00

It would be a challenge for Asia to decouple from the US economy as the US remains the region's largest export market and China's external exposure continues to widen with slower export growth, believes Yonghao PU, Head of Asia Regional Research, UBS Wealth Management.

Global growth to slow to around 3.9% in 2006, according to UBS

2006-01-17T15:00:00.000+01:00

Speaking at the sixth UBS Greater China Conference in Shanghai, Larry HATHEWAY, Global Chief Economist and Global Head of Asset Allocation at UBS, forecast a slowdown in global growth to around 3.9% in 2006 from a growth rate of around 4.4% in 2005.

Slowdown in China's headline growth in 2006 to take place in conjunction with a recovery in domestic consumption and investment spending, according to UBS

2006-01-17T15:00:00.000+01:00

Speaking at the sixth UBS Greater China Conference in Shanghai, Jonathan ANDERSON, Chief Economist Asia Pacific at UBS, forecast a slowdown in China's headline growth from last year's 10.7% to around 9.1% in 2006. However, he emphasised that this is the result of falling net exports rather than any stalling on the domestic front.

UBS reaches settlement with regulators on trading activity

2006-01-13T07:00:00.000+01:00

UBS AG announced today that UBS Financial Services Inc. has reached a settlement agreement with the New York Stock Exchange, the State of New Jersey and the State of Connecticut with respect to certain short-term trading activity between 2000 and 2002 by clients of several UBS Financial Advisors. As part of the settlement agreement, UBS has agreed to pay $54 million, of which $18 million will be set aside for potentially affected investors and $16 million for investor education and securities-enforcement initiatives.

François de Combret becomes Senior Advisor to UBS Investment Bank

2006-01-10T09:00:00.000+01:00

London (9 January 2006) - UBS announced today that Francois de Combret becomes a Senior Advisor based in Paris, with immediate effect.

In this position, Francois de Combret will help UBS strengthen its business in France and Europe, and will support the French team headed by Charles-Henri Le Bret, Head of Investment Banking France. After graduating from Ecole, Nationale d'Administration (ENA - French State School of Public Administration), Francois de Combret started his career as auditor at the "Cour des Comptes" (the French State Audit Office). He then worked as an advisor for Economic and Industrial affairs to Valery Giscard d'Estaing, first at the Ministry of Finances (1971-1974) and then at the Elysee Palace (1974-1978) when Valery Giscard d'Estaing was elected President of the State. Francois de Combret was then named Elysee Palace Deputy Head of Staff (1978-1981).

After being hired by Banque Lazard in 1982, Francois de Combret spent three years in New York before he was appointed managing partner of the bank in Paris in 1985, a function which he held for twenty years, up until last August.

During the last twenty years at Banque Lazard, Francois de Combret has lead key privitisation transactions, such as the Renault, the France Telecom and the Aerospatiale deals. He also advised Renault on its joint-venture with Nissan, Aerospatiale on its merger with Matra and Daimler Aerospace for creating EADS, and advised Sagem on its merger with Snecma for creating the Safran company.

Francois de Combret is a board member of Renault, Safran and Bouygues Telecom.

Commenting on his appointment Charles-Henri Le Bret said: "We are delighted that Francois de Combret has decided to bring his talents to UBS; his huge experience in the French market will compliment very nicely our existing positions and will strenghten significantly our overall reach."

Enquiries

Samantha Smith +44 20 7568 9982

UBS research focus -Outlook 2006

2006-01-05T10:00:00.000+01:00

The year ahead will see a further slowdown in US growth. Neither the Asian economies nor Europe, with its depressed levels of consumption, will manage to escape this trend completely. However inflation risks will remain limited in an environment of more stable oil prices, signalling that a new interest rate plateau has been reached. Thus the risks in the financial markets should remain calculable. We expect bonds to offer slightly below-average yields. On the other hand, equity market valuations indicate that an adequate year can be expected for equities on average, with mostly single-digit returns. However, major bouts of market uncertainty and declines during the year cannot be completely ruled out.

UBS Vitainvest - new funds for Pillar 3a

2006-01-05T09:00:00.000+01:00

UBS is now offering its clients the perfect way to save for their retirement with securities investments: Vitainvest public investment funds. These funds combine the tax advantages of investing in Pillar 3a with the flexibility of investment funds.

UBS Consumption Indicator still on the rise

2005-12-27T10:00:00.000+01:00

The consumption indicator calculated by UBS on a monthly basis rose slightly for the third month running in November. Due to the persistently solid economic trend, UBS is raising its growth forecast for Switzerland.

Investor optimism surges to highest level in 10 months, now at 79.

2005-12-27T08:30:00.000+01:00

Increase Occurs Across the Board. Lower Gas Prices Expected to Hold For At Least Six Months. Virtually No Investors Expect Sudden Burst of Housing Bubble.

Brunswick UBS to adopt single UBS brand in Russia

2005-12-15T12:00:00.000+01:00

UBS adopts single UBS brand in Russia after the purchase of Brunswick Capital's 50% stake in Brunswick UBS in August 2004.

London/Moscow, 15 December 2005. Following the purchase by UBS of Brunswick Capital's 50% stake in Brunswick UBS Investment Bank in August 2004, UBS today announced the adoption of the single brand, UBS, for Russia.

The move to the single UBS brand reflects UBS's integrated business model and the 'one firm' approach UBS delivers to its clients. The single UBS brand strategy was implemented across its businesses in 2003.

Marlen Manassov, General Director of UBS Securities in Russia commented: "The re-branding to UBS allows us to offer, in a unified way, the full range of UBS investement services to Russian clients. This is part of the continued investment by UBS to increase its commitment and services to Russian clients and the Russian financial market".

Formed in 1997, the joint venture Brunswick UBS, now UBS, is a premier operator in the Russian securities market, employing 140 people in Moscow, London and New York.

Sam Smith, Media Relations + 44 20 7568 9982
Dominik von Arx, Media Relations + 44 20 7568 9982
Sarah Small, Media Relations + 44 20 7568 2609

UBS launches charity credit card

2005-12-15T09:00:00.000+01:00

UBS is launching a charity credit card in conjunction with the UBS Optimus Foundation. The new UBS Optimus Foundation Charity Card supports the UBS Optimus Foundation in its educational and healthcare programmes for children and has all the same basic functions as a standard credit card.

UBS announces board nominations and executive appointments

2005-12-14T07:00:00.000+01:00

The UBS Board of Directors nominates two candidates for election to the Board at the Annual General Meeting (AGM) on 19 April 2006. The nominees are Gabrielle Kaufmann-Kohler and Joerg Wolle. At the same time UBS announces the appointment of Marcel Rohner as Deputy Group CEO and Rory Tapner, Chairman & CEO Asia Pacific, as a member of the Group Executive Board.

UBS Global Asset Management launches US Equity Alpha Strategy

2005-12-12T11:00:00.000+01:00

UBS Global Asset Management today announced the recent launch of its new US Equity Alpha Strategy, which seeks to provide investors with more alpha by relaxing the long-only constraint when constructing a portfolio.

UBS launches UBS Variable-Expiry-Range-Accrual Equity Linked Investment (UBS-VERA ELI)

2005-12-12T09:05:00.000+01:00

UBS today launched UBS Variable-Expiry-Range-Accrual Equity Linked Investment (UBS-VERA ELI) - a type of equity-linked investment which provides yield-enhancement by combining attractive potential distribution amounts as well as a call feature.

UBS Investment Bank announces new Global Leveraged Finance Structure

2005-12-07T07:00:00.000+01:00

New York, December 6, 2005 - UBS announced today that it will implement the following new appointments with immediate effect.

David Juge and Warren Woo have been appointed Joint Heads of Global Leveraged Finance. Global Leveraged Finance will comprise the Global Syndicated Finance and Leveraged Finance businesses of the Investment Bank.

Mr Juge will continue to be responsible for the Global Syndicated Finance business reporting to Chris Ryan, Global Head of Credit Fixed Income.

Mr Woo will assume the dual role of Global Head of the Financial Sponsors Group and Leveraged Finance Origination. Mr Woo will report to Ken Moeli, President, UBS Investment Bank and to the Joint Global Heads of the Investment Banking Department, Rick Leaman, Jeff McDermott and Alex Wilmot-Sitwell.

"Financial sponsors and leveraged finance continue to be the fastest growing sectors of the marketplace," said Ken Moelis, President, Investment Bank, "We are confident that these changes will help us maximise our ability to effectively serve our clients through an enhanced integrated firm effort."

In conjunction with this change, UBS is pleased to announce the followoing additional appointments.

- Adam Reeder will assume the position of Head of the Financial Sponsors Group and Leveraged Finance Origination for the Americas, reporting to Warren Woo.
- Steve Conway has been appointed Head of Financial Sponsors Group and Leveraged Finance Origination for the EMEA and APAC regions, reporting to Warren Woo.
- Brendan Connolly will assume the position of Global Head of High Yield Syndicate, reporting to David Juge.

"We have been looking to create seamless coordination between the client and risk areas of our leveraged finance business," says Mr Woo. "We believe these changes are a solid step in that direction."

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

Headquartered in Zurich and Basel, UBS employs around 70,000 people and has operations in over 50 countries and in all major financial centres.

Inquiries:-
Dominik von Arx + 44 20 7568 2439
Sarah Small + 44 20 7568 2609

UBS Investment Bank announces new global leveraged finance structure

2005-12-06T13:00:00.000+01:00

UBS announced today that it will implement the following new appointments with immediate effect. David Juge and Warren Woo have been appointed Joint Heads of Global Leveraged Finance. Global Leveraged Finance will comprise the Global Syndicated Finance and Leveraged Finance businesses of the Investment Bank.

Nineteen months into the credit tightening regime, economic activity challenges the bear case for China's economy prompting UBS to raise H-share index target

2005-12-05T08:28:00.000+01:00

The rebound in domestic construction activity in China is, in the view of some investors, a flash in the pan. However, Henry HO, Co-Head of China Research at UBS Investment Bank, believes that the scale of both margin erosion due to new manufacturing capacity in 2005, as well as the level of overcapacity in overheated sectors is not as severe as had been expected. As a result, UBS has upgraded its H-share index target to 6,000.

UBS 33rd annual global media conference begins today; features presentations by 70 major media companies.

2005-12-05T08:00:00.000+01:00

The 33rd Annual UBS Global Media Conference, "the longest running show on Wall Street," opens today at the Grand Hyatt Hotel in New York City and runs through Thursday, December 8. The conference will feature presentations by chief executives and other senior managers of 70 leading companies representing advertising, broadcasting, publishing, multi-channel television distribution, entertainment and new media companies from the Americas, Europe, Australia, and Asia.

Investor sentiment continues slow recovery aided by moderating gas prices.

2005-11-28T08:30:00.000+01:00

Investors React Positively to Nomination of Ben Bernanke as New Fed ChiefHoliday Spending Predictions Suggest Little Change this Year

UBS, cambiamenti manageriali al vertice del mercato Wealth Management Italy (Italian only)

2005-11-24T10:00:00.000+01:00

Vittorio Volpi ha deciso di lasciare la sua attuale carica di Head Wealth Management Italy per concentrarsi su un ruolo a più stretto contatto con la clientela in qualità di Chairman Wealth Management Italy. Vittorio Volpi, che uscirà dal Group Managing Board di UBS, rimarrà inoltre Presidente del Consiglio di Amministrazione di UBS (Italia) S.p.A. e Country Facilitator per l'Italia.

Global growth will remain relatively firm, though the composition of growth will shift as the world economy slows in 2006 and 2007

2005-11-23T08:53:00.000+01:00

Notwithstanding a likely near-term re-acceleration of activity, global growth will decelerate in 2006 and 2007. The impact of tighter monetary conditions on domestic demand in the US, combined with the absence of any further fiscal stimulus in the OECD bloc, will eventually dictate a global demand-led slowdown, according to Paul DONOVAN, Deputy Head of Global Economics, UBS Investment Bank, who is in KL for meetings.

UBS Consumption Indicator up again slightly in October

2005-11-22T10:00:00.000+01:00

The consumption indicator calculated by UBS on a monthly basis rose slightly for the second time in a row in October, suggesting that the current economic upturn is likely to continue to be underpinned by solid private consumption.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2005-11-22T07:43:00.000+01:00

As of Tuesday, 22 November 2005, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS appoints Simon Perry, Head of European CDOs and Sharif Anbar-Colas as a secondary CDO trader

2005-11-21T07:00:00.000+01:00

UBS Investment Bank announced the hire of Simon Perry, Head of European CDOs and Sharif Anbar-Colas as a secondary CDO trader.

London, 21 November 2005 - UBS Investment Bank announced today the recent hire of Simon Perry, Head of European CDOs. Based in London, Simon joins as Managing Director and will report to Jim Stehli, Global Head of the Global CDO Group. Simon joins UBS from IXIS where he ran the European CDO team.

UBS Investment Bank also announced the recent hire of Sharif Anbar-Colas as a secondary CDO trader. Sharif joins as Director, reporting to Keith Grimaldi and Malay Patel, Co-Heads of Secondary CDO trading and will be based in Lodnon. Previously, Sharif was a secondary trader at Bear Stearns.

Commenting on the appointment Stehli said:
"I am delighted that Simon and Sharif will be joining UBS. They will bring with them a wealth of experience, which, as the market continues to develop, will strenghen our our European CDO franchise. The appointments of Simon and Sharif will enhance our ability to serve the needs of our clients and reflect UBS's commitment to growing our CDO business in Europe."

Enquiries:
Sam Smith, +44 20 7568 9982
Sarah Small, +44 20 7568 2609

UBS hosts tenth annual global communications conference

2005-11-15T08:30:00.000+01:00

UBS's Tenth Annual Global Communications Conference begins today at the Grand Hyatt in New York City and runs through Thursday, November 17. The conference will feature presentations from chief executive officers and senior managers representing more than 50 global telecommunications services and technology companies.

UBS Investment Bank launches automated mortgage underwriting

2005-11-10T07:30:00.000+01:00

UBS announced today that its Investment Bank has launched a new Automated Underwriting Engine (AUE) for mortgage loans on its Whole Loan Conduit platform.

Improving earnings growth momentum is the key driver for the Hong Kong economy, according to UBS

2005-11-08T07:00:00.000+01:00

"Earnings growth momentum rather than liquidity which has never exerted a significant influence on movement in the Hang Seng Index, is the key driver of the economy in Hong Kong," said Andrew LOOK, Head of Hong Kong strategy, at UBS Investment Bank.

UBS Hedge Fund Services hits $100bn milestone

2005-11-07T12:00:00.000+01:00

London, 7th November 2005. UBS Global Asset Management today announced that its Hedge Fund Services business has reached the milestone of USD100bn of assets under administration.

With offices in Grand Cayman and Dublin, UBS's Hedge Fund Services business has grown its assets under administration to reach a USD100bn milestone.

The business, with a professional staff of 140, holds a leading position in hedge fund administration services and benefits from a significant ongoing investment in state-of-the-art technology. The business provides a complete range of services including accounting, NAV computation, shareholder services, banking and credit facilities. Hedge Fund Services administers over 700 funds with assets balanced between single funds and funds of funds.

The business has a specialized team to service the unique needs of both sets of clients. Its offering to fund of funds sponsors includes specially tailored services such as global custody and settlement services, credit facilities and foreign exchange hedging. For single manager funds, the business offers considerable expertise in valuing complex instruments, and a global platform with connectivity to all the major prime brokers. All valuations are conducted independently from the fund's own prime broker.

Sean Flynn, Head of Hedge Fund Services, said "We are very pleased to have reached this milestone. It illustrates the confidence that our clients have placed in the business. Clients - both private and institutional - expect full service capability from day one. To continually meet their needs in this competitive industry, you need the experience to understand their requirements and the scale to deliver. We are continually investing in people and infrastructure: by hiring and training qualified, experienced staff; and ensuring we have accurate, timely reporting and robust systems."

One of the world's top ten hedge fund administrators, UBS has administration offices in the Cayman Islands (established in 1972) and Dublin (established in 2004). Clients include asset managers, institutional investors and family offices. The business expects to expand this network with offices in North America and Asia in 2006 to better meet the needs of clients in their own time zones.

UBS appoints Lok Lee as Head of European High Yield and Mezzanine Capital Markets

2005-11-03T07:00:00.000+01:00

UBS Investment Bank announces the hire of Lok Lee to head its European High Yield and Mezzanine Capital Markets team.

London, 3 November 2005 - UBS Investment Bank announced today the hire of Lok Lee as Head of European High Yield and Mezzanine Capital Markets. Based in London, Lok joins as Managing Director and will report to Edward Massaro, Global Head of Leveraged Finance and High Yield and Loan Capital Markets.

Lok joins UBS from Accela International, a San Francisco based investment management firm he co-founded. Previously, Lok was based in London and Head of European High Yield Capital Markets at JP Morgan and prior to that, in the High Yield Capital Markets team at Deutsche Bank.

Commenting on the appointment Massaro said: "I am delighted that Lok is joining UBS Investment Bank. Lok brings with him a wealth of experience of the High Yield Capital Markets in Europe and his presence will greatly strengthen our High Yield and Mezzanine Capital Markets franchise.

UBS reports third quarter 2005 result of CHF 2,770 million

2005-11-01T07:00:00.000+01:00

• Net profit attributable to UBS shareholders of CHF 2,770 million in third quarter • Financial businesses contributed CHF 2,642 million in third quarter - up 67% from a year earlier and 50% higher pre-goodwill • Best ever quarterly performance, driven by well-balanced revenue growth • Annualized RoE at 29.0%, again well above 15-20% target range, EPS in third quarter of CHF 2.75. • Cost/income ratio at 68.5%, down 4.2 percentage points (pre-goodwill) Net new money at CHF 51.2 billion in third quarter - exceptionally strong, with a record CHF 31.1 billion contribution from wealth management clients worldwide.

UBS launches its first commodity guaranteed fund

2005-10-31T11:33:00.000+01:00

UBS announced that it is launching its Commodity 3 year Guaranteed Fund today, the first in its SUPER Funds series. The Guaranteed Fund has a tenor of three years maturing in December 2008 and is 100% principal protected at maturity.

UBS wage survey: 2006 wage round promises satisfactory salary increases

2005-10-31T10:00:00.000+01:00

Average nominal salary increase of 1.6% expected

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2005-10-28T08:00:00.000+02:00

As of Friday, 28 October 2005, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS appoints new Global Heads of Investment Banking Department and new Vice Chairman of Investment Bank

2005-10-27T15:35:00.000+02:00

London (27th October 2005) - UBS Investment Bank announced today the appointment of Rick Leaman, Jeff McDermott and Alex Wilmot-Sitwell as Joint Global Heads of the Investment Banking Department (IBD). Reporting to Ken Moelis, President of UBS Investment Bank, the appointments are effective from 1st November 2005. Leaman will be based in New York and McDermott and Wilmot-Sitwell will be based in London.

The day-to-day responsibility for running IBD was previously held by Robert Gillespie and Ken Moelis who together built a world class Investment Banking business globally.

Robert Gillespie has been appointed as CEO of EMEA and Co-Vice Chairman of the Investment Bank alongside Lord Brittan of Spennithorne, Senator Phil Gramm and Ken Costa. Gillespie will have executive responsibility for the strategic growth of the business across both established and emerging markets throughout the region, in addition to his role as senior relationship manager for a number of key clients. He will be based in London.

Commenting on the appointment of Leaman, McDermott and Wilmot-Sitwell, Ken Moelis said:

"I am delighted that Rick, Jeff and Alex will be working together to position UBS as one of the leading global Investment Banking franchises. Their strong leadership, with proven track records across geographies and client segments, is the perfect combination to take the business forward."

Rick Leaman was Joint Global Head of Mergers & Acquisitions and Chairman of the Business Review Group for IBD in the Americas. He joined the firm in 1997, following the acquisition of Dillon Read, where he had worked since 1992.

Jeff McDermott joined UBS in 2001 from Salomon Smith Barney. He was Head of the Global Industrial Group based in New York until 2004, when he moved to London on his appointment as Joint Head of European Investment Banking alongside Alex Wilmot-Sitwell.

Alex Wilmot-Sitwell joined the bank in 1995 as Head of Corporate Finance in South Africa, before moving to London in 1998 as Head of UK Investment Banking. Prior to his appointment as Joint Head of European Investment Banking in 2004 he was Head of European Client Coverage.

UBS appoints new Global Heads of Investment Banking Department and new Vice Chairman of Investment Bank.

2005-10-27T08:30:00.000+02:00

UBS Investment Bank announced today the appointment of Rick Leaman, Jeff McDermott and Alex Wilmot-Sitwell as Joint Global Heads of the Investment Banking Department (IBD). Reporting to Ken Moelis, President of UBS Investment Bank, the appointments are effective from 1st November 2005. Leaman will be based in New York and McDermott and Wilmot-Sitwell will be based in London.

Mark Steinert appointed Global Head of Equity Research

2005-10-27T07:00:00.000+02:00

London (26th October 2005) - UBS Investment Bank announced today the appointment of Mark Steinert as Global Head of Equity Research, effective November 1st 2005. Mark will replace Tom Hill who takes up the post of Chief Communications Officer in January 2006.

Mark will report to Daniel Coleman and John Wall the Joint Global Heads of Equities and will relocate from Sydney to New York.

Mark joined UBS in Australia in 1994 from Jones Lang LaSalle. In May 2004 he was appointed to his current role as Head of Australasian Equities for UBS. Prior to this, Mark held a number of roles in research, including Global Head of Real Estate Research from 2001-2004 and Australasian Head of Real Estate Research from 2000 - 2004. He is also currently on the Global Investment Bank board.

Commenting on his appointment John Wall said:

"Mark and his team have built a top-rated franchise with one of the broadest service models in the Australia/New Zealand market, and we are confident Mark will continue this success as Global Head of Equity Research."

Daniel Coleman added: "He brings to the role a fresh perspective, superb business and leadership skills, and a proven track record. He is committed to maintaining UBS's position with our client base."

UBS is recognised as the number one Investment Bank in Australasia, with the top secondary trading market share of 12%, the leading research platform, and is rated number one in equity, equity-linked issuance and M&A.

Mark Steinert appointed Global Head of Equity Research

2005-10-26T14:00:00.000+02:00

UBS Investment Bank announced today the appointment of Mark Steinert as Global Head of Equity Research, effective November 1st 2005. Mark will replace Tom Hill who takes up the post of Chief Communications Officer in January 2006.Mark will report to Daniel Coleman and John Wall the Joint Global Heads of Equities and will relocate from Sydney to New York.

UBS Investment Bank offers RSS Technology to enhance research distribution to clients.

2005-10-26T11:00:00.000+02:00

UBS announced today that its investment bank offers RSS (Really Simple Syndication) to enhance the distribution of equity research to its institutional clients.

UBS Consumption Indicator stabilizes in September

2005-10-25T10:00:00.000+02:00

In September, the monthly consumption indicator calculated by UBS showed a slightly positive trend for the first time in five months. Private consumption should therefore continue to support the economy in the second half of the year.

UBS to report Third Quarter 2005 Results on November 1st

2005-10-25T07:00:00.000+02:00

UBS is pleased to invite you to the presentation of its Third Quarter 2005 results via webcast and conference call. The results will be presented on Tuesday, 1 November by Clive Standish, Chief Financial Officer and Mark Branson, Chief Communication Officer.

Corporate bonds

2005-10-24T10:00:00.000+02:00

Today's investors have a number of new options for investing in corporate bonds. Favourable conditions on the capital markets have substantially increased the number of products available from borrowers with lower credit quality over the past two years. Derivative and other alternative investment instruments have further broadened the product range for investors. The increasing complexity of product innovations, however, has made it difficult to choose the optimal investment strategy. Private investors would benefit, therefore, from analyzing the effects of new financial instruments and structural changes.

Investor Optimism rebounds one month after storms.

2005-10-24T08:30:00.000+02:00

Investor sentiment rebounded this month following the drastic drop it took in the wake of Hurricanes Katrina and Rita. With the moderation of gas and oil prices over the past month, investor sentiment is now at 47, up from 34 in September, but still not making a full recovery to the 61-point reading in August. Concerns about the investment climate are reflected in the perceptions by most investors (66 percent) that the US economy is either in a slowdown (52 percent) or a recession (14 percent). Two thirds of these investors predict that economic recovery will not come for at least two years.

Salary increases at UBS

2005-10-18T10:00:00.000+02:00

As of 1 March 2006, UBS will increase the total payroll for its employees and middle management working in Switzerland by 2%.

UBS named to be BCA (Business Committee for the Arts) Hall of Fame for exemplary support of the Arts in America

2005-10-06T11:00:00.000+02:00

UBS was named to the BCA Hall of Fame, sponsored by the Business Committee of the Arts, Inc. (BCA) and FORBES Magazine, for its exemplary long-term support of the arts in America on October 5 during a black-tie gala attended by business and art leaders from throughout the country at the Rubin Museum of Art, New York, NY.

Small cap sector to rebound from trough valuations late in the fourth quarter of this year, according to UBS

2005-10-06T08:43:00.000+02:00

Speaking at UBS's Little Acorns Investor Day in Singapore, Head of the Regional Small Cap Research Team, David LEPPER, expressed greater confidence in both valuation levels and earnings estimates for the small cap sector although he also warned that it is likely to underperform the large cap sector in the near term.

UBS presents 'The Lost Continent', a collection of 21 paintings by India's most celebrated artist, M. F. HUSAIN.

2005-10-05T08:48:00.000+02:00

UBS presents 'The Lost Continent', a collection of 21 paintings by India's most celebrated artist, M. F. HUSAIN. This is the artist's first solo exhibition in Singapore. The exhibition will be open to the public from 6-11 October 2005.

UBS opens wealth management office in Calgary

2005-10-05T07:30:00.000+02:00

UBS Bank (Canada), a wholly owned subsidiary of UBS AG, today announced the opening of a branch in Calgary to expand its wealth management presence for private clients in Western Canada.

Q-Series Report: Avian Influenza: The Next Human Influenza Pandemic?

2005-10-03T13:15:00.000+02:00

Avian influenza has raised concerns of a potential pandemic, causing serious economic repercussions according to a new "Q-SeriesTM" report released by UBS.

Small cap sector to rebound from trough valuations late in the fourth quarter of this year, according to UBS

2005-10-03T09:48:00.000+02:00

Speaking at UBS's Little Acorns Investor Day in Hong Kong, Head of the Regional Small Cap Research Team, David LEPPER, expressed greater confidence in both valuation levels and earnings estimates for the small cap sector although he also warned that it is likely to underperform the large cap sector in the near term.

UBS signs agreements to sell Motor-Columbus stake

2005-09-30T07:00:00.000+02:00

UBS will sell its 55.6% stake in Motor-Columbus to a consortium of Atel's Swiss minority shareholders, EOS Holding and Atel, as well as to French utility Electricité de France (EDF). Corresponding agreements to this effect have been signed. The sale price has been set at CHF 1.3 billion, resulting in an estimated pre-tax gain for UBS of around CHF 350 million. The transaction must be approved by various national and international authorities and will not be completed until the beginning of 2006 at the earliest.

Sharp drop in Investor Optimism, acording to UBS/GALLUP Index of Investor Optimism

2005-09-26T09:48:00.000+02:00

Investor optimism plunged in the aftermath of Hurricanes Katrina, reaching its lowest point in two-and-a-half years. Currently at 34, the UBS/Gallup Index of Investor Optimism is 27 points lower than last month, when the Index was at 61. Energy costs appear to be weighing heavily on investors' minds and dampening their outlook of the investment climate.

UBS Global Life Sciences Conference opens in New York

2005-09-26T08:00:00.000+02:00

The UBS Global Life Sciences Conference opens today at the Grand Hyatt in New York City and runs through Thursday, September 29. The Conference will feature presentations by more than 360 public and private companies representing biotechnology, medical device manufacturers, pharmaceuticals and specialty pharmaceutical.

Despite revision, UBS expects Swiss economy to see satisfactory growth

2005-09-22T10:00:00.000+02:00

After pausing for breath over the winter months, the Swiss economy started growing again from the second quarter. Nonetheless, the high oil price and globally flatter economic trend will leave their mark. Therefore, UBS economists are revising their growth forecasts for Switzerland slightly downward.

The Museo de Arte de Puerto Rico presents: The Figurative Impulse: Works from The UBS Art Collection

2005-09-22T08:00:00.000+02:00

San Juan - The Figurative Impulse: Works from The UBS Art Collection will be on view in the Bertita and Guillermo L. MartÍnez Gallery and the Santander Gallery beginning Saturday, September 24, 2005 trough Sunday, January 8, 2006.

New Q-Series Report from UBS on Industrial Transport

2005-09-20T13:30:00.000+02:00

Outsourcing continues unabated but global consumption does not, according to a new "Q-Series" (TM) report released by UBS today.The report, entitled "Industrial Transport," (Raymond Maguire, Global Head of Transport Research), examines the outsourcing of manufacturing using a proprietary database that analyzes freight flows by air and sea. The UBS analysis shows that while Asian outsourcing continues to grow, especially on the Chinese trade lines, total export growth to the U.S. and Europe is now slowing from the exceptional levels of the past two years, with the exception of clothing. China continues to gain market share across all product areas translating to robust freight flows, albeit at a slowing rate. At the same time, outsourcing to Asia is having a detrimental effect on non-Chinese exporting.

Emerging markets provide an investment opportunity in otherwise fairly priced markets, according to UBS

2005-09-16T08:38:00.000+02:00

While the economic cycle in industrialised economies has become mature, emerging markets continue to experience strong growth. With continued convergence of income and country risk to industrial country levels, emerging market equities should benefit from the renewed interest of global institutional investors, according to Dr Klaus WELLERSHOFF, Chief Economist and Head of Wealth Management Research for UBS Wealth Management & Business Banking.

Senior Management Appointments

2005-09-15T09:00:00.000+02:00

UBS announces senior management appointments

Emerging markets provide an investment opportunity in otherwise fairly priced markets, according to UBS

2005-09-14T15:00:00.000+02:00

UBS announced today that it has been named, for the third year in a row, one of the "100 Best Companies for Working Mothers" by Working Mother magazine.

2005-09-12T12:30:00.000+02:00

To apply, UBS provided Working Mother magazine with detailed information on eight areas of work/life including: childcare, culture, flexibility, parental leave, women's advancement, total compensation, work/life culture, and family-friendly programs. WorkingMother.com: "To help employees better balance personal and professional lives, last year UBS spent $5 million to give them remote access and $2.3 million to support BlackBerry users."

UBS enters the Hong Kong warrants market

2005-09-06T11:14:00.000+02:00

UBS today officially launches its Hong Kong warrants offerings following a soft launch in August.

UBS launches SUPER Notes XV linked to a basket of eight Hong Kong-listed companies

2005-08-23T11:15:00.000+02:00

UBS launched SUPER Notes XV (Series No. 15a and 15b). The two tranches of equity-linked Notes fall due in 2007 and are linked to the performance of eight Hong Kong-listed companies.

UBS Consumption Indicator slightly weaker

2005-08-23T10:00:00.000+02:00

The UBS Consumption Indicator, calculated on a monthly basis, was slightly weaker in July, thereby losing some of the gains it had been making since February. Nevertheless, the current level suggests that private consumption in Switzerland is still experiencing stable development.

UBS to Buy Brunswick's 50% Stake in Russian Joint Venture

2005-08-23T07:00:00.000+02:00

UBS announces that is has agreed to buy the whole of Brunswick Capital's 50 per cent stake in Russian joint venture.

London/Moscow, 23 August 2004 - UBS and Brunswick Capital, equal partners in Brunswick UBS, an equity brokerage and trading, investment banking and custody joint venture in Russia, have agreed that UBS will buy the whole of Brunswick Capital's 50 percent stake in the joint venture. Terms were not disclosed. The transaction is subject to regulatory approval and is expected to close in the fourth quarter.

Formed in 1997, Brunswick UBS had developed into one of the premier operators in the Russian securities market, employing 120 people in Moscow.

Commenting on the acquisition, John Costas, Chairman and Chief Executive of UBS Investment Banking said: "Taking full ownership of Brunswick UBS confirms the commitment of UBS to Russia and is consistent with UBS's strategic objective of establishing a leading presence in the country."

Jeff Costello, a Director of Brunswick Capital, commented: "Our partnership with UBS has been beneficial to both parties and we are confident that UBS will continue the traditions of commitment to our clients and market leadership that we have jointly developed. We wish UBS continued success and prosperity in Russia."

Inquiries:
Dave Walker, + 44 20 7568 2439
Sarah Small, + 44 20 7568 2609

UBS AG agreed to buy a 5% stake in the Philadelphia Stock Exchange (PHLX) for $ 3.75 million with other market participants.

2005-08-16T14:22:00.000+02:00

Please find enclosed a Press Release from the Philadelphia Stock Exchange.

Alexander Ineichen

2005-08-16T10:41:00.000+02:00

UBS today announced that Alexander Ineichen, who has led UBS Investment Bank's research into hedge funds and other alternative investments since 2000, will move to UBS Global Asset Management's Alternative and Quantitative Investments (A&Q), in a senior research capacity, effective 1st October, 2005.

UBS launches Infrastructure & Utilities Index

2005-08-09T11:17:00.000+02:00

UBS and Standard & Poor's launch Australia's most relevant Infrastructure & Utilities benchmark for Investors

UBS reports second quarter 2005 result of CHF 2,147 million

2005-08-09T07:00:00.000+02:00

- Net profit attributable to UBS shareholders of CHF 2,147 million in second quarter - Financial businesses contributed CHF 2,111 million in second quarter - up 9% from year earlier, virtually flat pre-goodwill - In first half 2005, attributable profit from financial businesses was CHF 4,538 million, in line with first half 2004 - Annualized RoE in first half at 28.2%, again well above 15-20% target range, EPS in second quarter of CHF 2.10 -Results show continued strength across the firm, led by strong asset-based revenues in the wealth and asset management businesses -Net new money, at CHF 30 billion in second quarter, was again extremely strong, with a near record CHF 19.2 billion contribution from wealth management clients worldwide.

UBS to report Second Quarter 2005 Results on August 9th

2005-08-02T10:00:00.000+02:00

UBS is pleased to invite you to the presentation of its Second Quarter 2005 results at the UBS Conference Center Grünenhof. The results will be presented on Tuesday, 9 August by Peter Wuffli, Chief Executive Officer, Clive Standish, Chief Financial Officer and Mark Branson, Chief Communication Officer.

Has Growth Become Cheap? New report from UBS Wealth Management USA Strategy on growth becoming more valuable.

2005-08-01T00:00:00.000+02:00

NEW YORK, August 1, 2005 - "Growth" stocks - much maligned since the technology bubble burst several years ago - are expected to modestly outperform value over the next 12 months, according to a new report issued by UBS Wealth Management USA's Investment Strategy and Research Team. The shift toward growth is largely due to the expectation that financials, predominately a value sector, are likely to underperform due to the current flat yield curve and the fact that valuations in traditional value stocks may have crested.

Value stocks dramatically outperformed growth stocks from March 2000 to early 2001 and have continued to outperform -- albeit not as sharply -- ever since. Growth stocks are those typically characterized by higher valuation multiples and higher anticipated revenue and earnings growth rates, while value stocks typically have lower valuation multiples and higher dividend yields.

The report, "Growth Becoming More Valuable,"* examines the widely followed Russell 1000 Growth and Russell 1000 Value indices and breaks down their core sector representations in order to identify key factors in the shift toward growth.

While a sharp reversal of value's relative outperformance over the past five years seems unlikely to occur, UBS Wealth Management USA believes growth sectors such as industrials, health care and technology are likely to outperform the key value sector, financials. The group sees the financials sector as the biggest "swing" sector that indicates a turning tide toward growth (financials currently comprise 36 percent of the Russell 1000 Value Index and just 6 percent of the Russell 1000 Growth Index).

"Historically, a flat yield curve has proven to be good breeding ground for the relative outperformance of growth," said Jeremy Zirin, a Senior Equity Strategist for UBS Wealth Management USA. "Moreover, valuations in traditional value sectors appear stretched. In our view, growth has finally become cheap relative to value. In an effort to position their portfolios towards safety, a risk-averse investor base has likely swung the growth-value pendulum too far and is now overpaying for slower-growing companies."

UBS is one of the world's leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with an international culture that embraces change. 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 world's largest wealth manager, a top tier 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.

# # #

*For copies of "Growth Becoming More Valuable," please contact Christine Anderson at 212- 882-6019.

UBS Second Quarter 2005 Results

2005-07-31T00:00:00.000+02:00

UBS lowers interest rates

2005-07-29T00:00:00.000+02:00

UBS is lowering interest rates on savings accounts, the UBS Fisca account and UBS vested benefits account as well as the UBS savings account in euro and the UBS personal account in euro. The changes will come into effect on 1 August 2005.

Gary Howe to join UBS as Managing Director in the firm's financial institutions investment banking group

2005-07-27T00:00:00.000+02:00

New York, July 27, 2005--UBS announced today that Gary Howe will join the firm as a Managing Director in the Financial Institutions Group (FIG) within UBS's Investment Banking Division. Mr. Howe, who is expected to join the firm in October, will be based in New York and will report to Michael Martin, Vice Chairman and Global Head of FIG.

Mr. Howe will focus on large cap depository institutions and selected asset managers.

Mr. Howe will join UBS from Credit Suisse First Boston where he is a Managing Director in their Financial Institutions Group.

"I'm very happy that Gary has agreed to join UBS," said Martin. "Gary is a talented banker who brings tremendous experience and has a great reputation in the market." Oliver Sarkozy, Global Head of Banks added, " Having worked with Gary extensively in the past, I'm looking forward to him joining our team."

A native of South Africa, Mr. Howe earned his Bachelors of Commerce from the University of Cape Town in 1988 and his MBA in 1994 from the Wharton School of the University of Pennsylvania.

UBS is one of the world's leading financial firms, serving a discerning client base. As an organization, it combines financial strength with a culture that embraces change.

UBS is the world's largest wealth manager, a top tier investment banking and securities firm, and a key global asset manager. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS, headquartered in Zurich and Basel, is present in all major financial centers worldwide. It has offices in 50 countries, with 39% of its employees working in the Americas, 38% in Switzerland, 16% in Europe and 7% in the Asia Pacific time zone. UBS's financial businesses employ over 68,000 people worldwide.

Inquiries: Kristopher A. Kagel: +1 212-882-5691 of UBS

LG Philips LCD US$2, 185 million global primary and secondary offering

2005-07-26T00:00:00.000+02:00

UBS Investment Bank was joint global coordinator and bookrunner of a US$2,185 million LG Philips LCD global primary and secondary equity offering consisting of ADSs (American Depositary Shares) and ordinary shares. The transaction represented the largest technology equity offering globally in 2005YTD; the largest ever technology equity offering from Asia ex Japan; the largest equity offering from Korea since 2001 and the first concurrent ADR/ordinary follow-on offering from Korea.

UBS launches SUPER Notes XII linked to a basket of three Asian indices

2005-07-25T00:00:00.000+02:00

UBS today launched SUPER Notes XII (Series No. 12). The US dollar index-linked Notes due 2010 are linked to a basket of three Asian indices - the Hang Seng Index, the SET 50 Index, and the KOSPI 200 Index.

UBS launches SUPER Notes XI linked to leading Hong Kong property stocks

2005-07-18T00:00:00.000+02:00

UBS today launched SUPER Notes XI (Series no. 11a - HKD and Series no. 11b- USD). The Notes are linked to a basket of six Hong Kong listed property companies and have a fixed coupon of 9.5% for the first year, with subsequent potential variable coupons linked to the average performance of the shares in the basket, as well as potential bonus coupon as high as 9% over their maximum lifetime of 2.5 years.

UBS is open for business in London

2005-07-11T00:00:00.000+02:00

11 July 2005: update - 08.00 BST

UBS is open for business as usual in London. The Investment Bank's 100 Liverpool Street building is fully operational.

UBS sponsors multiple exhibitions across the United States

2005-07-11T00:00:00.000+02:00

Partners with major museums to present exhibits on Chuck Close, Anselm Kiefer and Sean Scully.

Socially Responsible Investments: UBS launches UBS Responsibility Funds

2005-07-08T00:00:00.000+02:00

UBS's ability to integrate ecological and social criteria into its advisory and research activities is becoming increasingly important to our investors.

UBS is open for business in London

2005-07-08T00:00:00.000+02:00

11 July 2005: update - 08.00 BST

UBS is open for business as usual in London. The Investment Bank's 100 Liverpool Street building is fully operational.

UBS outlook 3rd quarter 2005. Swiss industrial activity picking up.

2005-07-06T00:00:00.000+02:00

The recent dip in Swiss industrial activity appears to have been temporary. According to the latest UBS survey, economic momentum regained strength in the second quarter and this upswing will remain largely intact from July to September.

UBS finalises acquisition of stake in Giubergia UBS Sim and renamed UBS Italia SIM

2005-07-06T00:00:00.000+02:00

Milan (6 July 2005) - UBS announced today it has completed the acquisition of the stake in the joint venture Giubergia UBS SIM and names Richard Hardie as Chairman of the newly named UBS Italia SIM.

Change of interest rate for UBS Time Deposit Accounts and Medium-Term Bonds

2005-06-30T00:00:00.000+02:00

As of 1 July 2005, the following interest rates shall apply to UBS Time Deposit Accounts and Medium-Term Bonds.

UBS Consumption Indicator points to solid growth in consumption

2005-06-28T00:00:00.000+02:00

The UBS Consumption Indicator rose marginally in May, consolidating the advance registered since its most recent low in February this year. It is signalling a slight acceleration in consumption growth from the second quarter onwards, and indicates that Swiss domestic demand is solid overall.

David Waring appointed as Joint Head of the Energy Team, Investment Banking, EMEA

2005-06-22T00:00:00.000+02:00

UBS announced today the appointment of David Waring as Joint Head of Energy Investment Banking, EMEA.

Daniel J. Ward to join UBS as Managing Director in Mergers & Acquisitions Investment Banking

2005-06-22T00:00:00.000+02:00

New York, June 22, 2005--UBS announced today that Daniel J. Ward has agreed to join the firm as a Managing Director in the firm's Mergers and Acquisitions Investment Banking Group. Mr. Ward will be based in New York and will report to Cary Kochman and Jeff Raich, Co-Heads of Mergers & Acquisitions in the Americas.

Mr. Ward will be responsible for M&A work primarily in the energy sectors.

Mr. Ward will join UBS from Deutsche Bank where he is responsible for M&A in the energy, utility and chemical sectors. Prior to Deutsche Bank, Mr. Ward had been with Morgan Stanley in their M&A group.

"I'm excited that Dan has agreed to join UBS," said Rick Leaman, Joint Global Head of Mergers & Acquisitions. "We expect the energy sector to be one of the fastest growing sectors this year and with Dan on the team, we are very confident we will be able to gain an even greater share of the available fee pool in this important space."

Mr. Ward graduated from Columbia with an MBA in 1996 and earned his B.S. from Villanova in 1990.

UBS is one of the world's leading financial firms, serving a discerning client base. As an organization, it combines financial strength with a culture that embraces change.

UBS is the world's largest wealth manager, a top tier investment banking and securities firm, and a key global asset manager. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS, headquartered in Zurich and Basel, is present in all major financial centers worldwide. It has offices in 50 countries, with 39% of its employees working in the Americas, 38% in Switzerland, 16% in Europe and 7% in the Asia Pacific time zone. UBS's financial businesses employ over 68,000 people worldwide.

Inquiries: Kristopher A. Kagel: +1 212-882-5691 of UBS

UBS to appoint Sean Chao as Branch Manager of UBS AG, Taipei Branch.

2005-06-22T00:00:00.000+02:00

Subject to regulatory approval, UBS will appoint Sean CHAO Branch Manager for UBS AG, Taipei Branch, in addition to his existing responsibilities as UBS's Taiwan Country Head. Chao will report to Rory TAPNER, Chairman and Chief Executive Officer, Asia Pacific.

Kuwait Investment Authority and UBS Global Asset Management sign Memorandum of Understanding for investments into China

2005-06-21T00:00:00.000+02:00

The Managing Director of the Kuwait Investment Authority (KIA), Mr Bader Al-Sa'ad, and Mr John A. Fraser, Chairman and CEO of UBS Global Asset Management, today announced the signing of a Memorandum of Understanding (MoU) to explore opportunities for investment into China.

"Companies need to assess the financial impact of HIV/AIDS beyond Africa," warns new report

2005-06-21T00:00:00.000+02:00

A report published today has highlighted the financial risks to companies operating in fast-growth emerging economies from the spread of HIV/AIDS. The 83-page report, HIV/AIDS Beyond Africa: Managing the Financial Impacts, is the result of a unique collaboration between F&C Asset Management, a leading socially responsible fund manager, and the Equity Research department of UBS Investment Bank, one of the world's leading investment banking and securities firms.

Commodities: Reviving the old

2005-06-20T00:00:00.000+02:00

Investor interest in commodities has increased significantly in recent years driven mainly by increased globalisation and the awareness that Asia remains an economic force that will increase with time. But not only this, investors have reflected on the lower investment returns that have been generated by traditional assets classes since the bursting of the Dot.com bubble and, consequently noted the powerful cyclical and structural forces that benefit commodities. Unlike traditional asset classes like equities or bonds, investors not too familiar with the positive characteristics and properties of commodities tend to focus on the high volatility element of this long-standing asset class.

UBS holds the largest institutional investor conference in Taiwan

2005-06-20T00:00:00.000+02:00

Around two thirds of the 250 institutional investors to register for the UBS Taiwan Conference 2005 are from overseas including the US, Europe, Hong Kong, Singapore and Japan. The balance comprises domestic institutional investors. The two-day conference, which begins today, is the largest institutional investor conference ever to take place in Taiwan, and has attracted a large number of blue-chip global investors.

Charles-Henri Le Bret appointed Head of Investment Banking France

2005-06-09T00:00:00.000+02:00

UBS announced today the appointment of Charles-Henri Le Bret as Head of Investment Banking France. Effective immediately, Charles-Henri, Managing Director and member of the EMEA executive committee, will be based in Paris and report to Jeff McDermott and Alex Wilmot-Sitwell, joint Heads of Investment Banking, EMEA.
Charles-Henri joined UBS in 2001 as Deputy Head of Investment Banking France. Previously, Charles-Henri worked at JP Morgan in Corporate Finance and M&A in Paris, New York and London for 15 years. Charles-Henri holds an MBA from INSEAD.

Commenting on his appointment Jeff McDermott and Alex Wilmot-Sitwell said:

"We look forward to continue to work closely with Charles-Henri in his capacity as Head of Investment Banking France. His considerable advisory experience in the French market ideally places Charles-Henri as the right choice to lead our Investment Banking team in France, and together we will develop and strengthen our Investment Banking franchise."

UBS Investment Bank ranked 1st place in the Thomson Extel Survey 2005 for Pan-European Equity Research, Sales and Trading & Execution

2005-06-08T00:00:00.000+02:00

UBS Investment Bank announced today that the firm has been ranked 1st for Pan-European Equity Research in the Thomson Extel Survey 2005 for the fifth consecutive year.

The survey also places UBS 1st for Pan European Equity Sales and Trading & Execution - awards UBS has won every year since their inception in 2002. UBS was also awarded leading Pan-European Brokerage Firm for Mid and Small Caps.

Michael Oertli, Head of European Equity Research commented:

"We are very pleased to win for the fifth year running. Our goal has always been to provide our clients with premier research to help them make informed investment decisions and we are delighted to be recognised for this by our clients."

These achievements follow the firm's success in February when UBS European Equity Research was ranked first in Institutional Investor Magazine's 2005 All-Europe Research Team survey for the fourth consecutive year and first in Pan-European Institutional Equity Sales and Pan-European Trading and Execution.

UBS merges German subsidiaries

2005-06-03T00:00:00.000+02:00

UBS is merging its German subsidiaries UBS Investment Bank AG and UBS Wealth Management AG as well as parts of UBS Global Asset Management (Deutschland) GmbH into one single legal entity, UBS Deutschland AG, effective as of 3 June 2005. In particular, portfolios of institutions and German public funds will continue to be managed by the investment companies UBS Global Asset Management (Deutschland) GmbH and UBS Real Estate Kapitalanlagegesellschaft GmbH, which will remain independent subsidiaries of UBS AG, Zurich and Basel.

UBS schließt deutsche Tochtergesellschaften zusammen

2005-06-03T00:00:00.000+02:00

UBS schließt per 3. Juni 2005 ihre deutschen Tochtergesellschaften UBS Investment Bank AG und UBS Wealth Management AG sowie Teile von UBS Global Asset Management (Deutschland) GmbH unter einem Rechtsmantel zusammen, der UBS Deutschland AG. Insbesondere das Portfoliomanagement der institutionellen Vermögensverwaltung und der deutschen Publikumsfonds verbleibt in den Kapitalanlagegesellschaften UBS Global Asset Management (Deutschland) GmbH und UBS Real Estate Kapitalanlagegesellschaft mbH. Diese bleiben weiterhin eigenständige Tochtergesellschaften der UBS AG, Zürich und Basel.

UBS hires Nick Nelson as Head of European Equity Strategy

2005-05-31T00:00:00.000+02:00

UBS Investment Bank announced today that it has hired Nick Nelson to head its European Equity Strategy team

UBS Securities Japan and UBS AG (Tokyo Branch) report loss of client data

2005-05-30T00:00:00.000+02:00

During the course of a global upgrade of UBS's data archiving system, a hard disk containing limited data relating to past and present clients of UBS in Tokyo (both UBS Securities Japan Ltd and UBS AG Tokyo Branch) was discovered to be missing. An investigation by UBS has been launched. At this stage, UBS has no reason to believe the data have been used improperly.