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Barry Mandinach to Join Brinson Advisors as Head of Distribution

| Media Releases Americas

Brinson Advisors announced today that Barry Mandinach will join the firm as the head of distribution. Mr. Mandinach will be a managing director reporting directly to Brian M. Storms, president and chief executive officer.

Mr. Mandinach joins Brinson Advisors from Phoenix Investment Partners, where he served as chief sales and marketing officer. With 20 years of experience in the industry, Mr. Mandinach has also held leadership positions at Zweig Mutual Funds and Drexel Burnham Lambert.

"Barry is uniquely qualified to lead our wholesale distribution business," said Storms. "I am confident that his impressive industry experience will give the firm a competitive advantage."

Formerly known as Mitchell Hutchins Asset Management, Brinson Advisors is the wholesale distribution arm of UBS Asset Management in the Americas.

UBS AG is a leading global financial services firm with 70,000 employees worldwide, providing a wide range of services to a client base that includes affluent individuals, corporations, institutions and governments. Headquartered in Switzerland, the bank has significant operations in all of the world's major financial centers.

Contact: Kati Otto, (212) 713-2138