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UBS Warburg appoints co-heads of distressed debt

| Media Releases Americas

UBS Warburg announced today that Drew J. Doscher and Jeffrey T. Horan have joined the firm as co-heads of the firm's Distressed Debt business. Mr. Doscher and Mr. Horan will report to Christopher Ryan, global head of Banking Products.

Both Mr. Doscher and Mr. Horan join UBS Warburg from Lehman Brothers where they were senior vice presidents in distressed securities trading. Doscher joined Lehman Brothers in 1995 while Horan joined the firm in 1994.

"Our goal is to build a fully-integrated, customer-driven distressed securities and loan business," said Ryan. "The addition of Drew and Jeff significantly enhances our expertise and presence in sales, trading and risk management in this key area."

Inquiries: Denise M. Kazmier: +1 212-713-3090 of UBS Warburg