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Thomas Benninger to join UBS Warburg as head of restructuring

| Media Releases Americas

UBS Warburg announced today that Thomas Benninger will join the firm as head of Restructuring. Mr. Benninger will be a managing director and will report to Kenneth D. Moelis and Robert H. Hotz, co-heads of Investment Banking in the Americas. He will be located in San Francisco.

Mr. Benninger joins UBS Warburg from Credit Suisse First Boston where he was global head of Restructuring. He joined Donaldson, Lufkin & Jenrette in 1994. Prior to that, Mr. Benninger was a managing director in the Restructuring group at Salomon Smith Barney.

"We are excited to have Tom join our growing restructuring team," said Moelis. "Tom's track record of success in serving clients in this important area will be a strong complement to our existing restructuring business."

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