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Michael Costa and Chris Godvin to Join UBS Investment Bank's Equities Group as Senior Sales Traders

New York | | Media Releases Americas

UBS announced today that Michael Costa and Chris Godvin have joined UBS Investment Bank's Equities group as Executive Directors, Sales Trading to focus on marketing the Equities platform to institutions and hedge funds. Costa and Godvin will be based in San Francisco and report to Timothy Gee, Head of US Cash Sales Trading, and will have local reporting responsibility to Matt Koob, Head of the San Francisco office.

Costa was previously a senior Equity Sales Trader at Banc of America Securities. Before joining Banc of America Securities, he worked as a buyside equity trader at Merrill Lynch Defined Asset Funds.

Prior to joining UBS, Godvin was a senior Sales Trader at Bear Stearns in San Francisco. Prior to that, he was a Managing Director of Schwab Soundview Capital Markets and Robertson Stephens.

"Having seasoned professionals such as Michael and Chris join our West Coast team, allows UBS to continue delivering the highest level of service to our institutional and hedge fund clients," said Gee. "Michael and Chris's industry experience and exceptional client relationships are the perfect complement to the strength of our equity franchise."

Costa holds an MBA from Temple University with a focus on finance and a BS in Economics from LaSalle University. Godvin holds a BA in Economics from Boston College.

UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. 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 leading global 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, 33% in Switzerland, 16% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 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:

Kelly Smith : +1-212-882-5699



New York, November 1, 2007

UBS