Latest media releases


UBS Wealth Management US Names Michael Roberts Head of Trust Services

New York | | Media Releases Americas

Firm Also Opens Delaware Trust Office

UBS announced today that Michael Roberts has been appointed Managing Director and Head of UBS Trust Services, which comprises both personal and corporate trust businesses.

Kevin Ruth, Head of Wealth Planning at UBS Wealth Management US said: "To be a great wealth manager in the US, you have to be a world-class broker dealer, have a world-class banking platform, and a world-class trust capability. Michael has been hired to strengthen and grow UBS's trust offering."

Roberts added: "By unifying trust services under one UBS Trust Services umbrella, we can help our Financial Advisors integrate trusts and trust-related services into the comprehensive financial advice that they provide to clients. There are four principal causes of family wealth depletion in this country today: taxes, lawsuits, divorce and mismanagement, and all four can be avoided or mitigated by the judicious and intelligent use of trusts."

Roberts joins UBS after more than 19 years at Wachovia Bank, N.A., where he was most recently Regional Head of Personal Trust, responsible for more than 20 trust offices with assets of $11 billion. Prior to that, he held positions at Capital South Corporation and First National Bank of Atlanta. He is also an attorney and a Certified Financial Planner.

In addition, UBS Trust Company, N.A. has established a Delaware trust office, which will offer clients the benefits of Delaware law coupled with the firm's expertise. Delaware trusts will offer strategic benefits to UBS clients, including confidentiality, broad investment flexibility, and potential tax advantages and asset protection.

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.

UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 36% in Switzerland, 16% in the rest of Europe and 9% in Asia Pacific. UBS's financial businesses employ around 75,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

Contact:

Karina Byrne Tel. +212 882 5692
Karina.byrne@ubs.com


New York, January 23, 2007

UBS