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Kevin C. Cox to Join UBS Warburg as Head of Industrial Investment Banking in the Americas

| Media Releases Americas

UBS Warburg announced today that Kevin C. Cox will join the firm as head of the Industrial group in the Americas, overseeing investment banking efforts across the Automotive, Building Materials, Capital Goods, Chemicals, Metals and Mining, and Paper and Packaging industries. Mr. Cox will be a managing director and a vice chairman of the Investment Banking group. He will report to Jeffrey A. McDermott and Philip Byrne, joint heads of the Global Industrial group. Mr. Cox is expected to join UBS Warburg in late May.

Mr. Cox joins UBS Warburg from Morgan Stanley where he currently serves a managing director and head of the U.S. General Industrial group specializing in Capital Goods and Multi-Industry clients. At Morgan Stanley, he has advised Dow Chemical, Hubbell, Interpublic, Lockheed Martin, Lucent, L-3, Raytheon and a number of other large clients in significant merger and acquisition assignments and capital market activities.

"Kevin is another example of UBS Warburg's ability to attract the best talent on Wall Street," said Ken Moelis, head of Investment Banking in the Americas. His vast experience and excellent reputation with leading industrial companies will deepen our coverage of these important clients. Kevin has a 17 year track record of success, and his leadership talents will have an immediate impact on our firm."

UBS Warburg is a business group of UBS (NYSE: UBS), one of the largest financial services firms in the world with 71,000 employees in more than 40 countries. UBS Warburg is a leader in equities, corporate finance, M&A advisory and financing, financial structuring, fixed income issuance and trading, foreign exchange, derivatives and risk management. The firm is one of four business groups

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