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UBS Opens Latest Private Wealth Mangement Office For Ultra High Net Worth Clients

San Francisco | | Media Releases Americas

UBS announced today that it has opened its latest Private Wealth Management office in San Francisco dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million. Since the start of 2007, UBS has opened five dedicated Private Wealth Management offices across the U.S.

The office is located at 555 California Street and is part of a series of planned offices nationwide that offer a comprehensive suite of brokerage, trust and private banking services.

The San Francisco office is comprised of a staff of Private Wealth Advisors, Specialists, and related service personnel. Private Wealth Advisors have completed the firm's rigorous internal accreditation program that focuses on a range of sophisticated wealth management strategies. Through their Private Wealth Advisors, clients will be able to draw upon the expertise of specialists in such diverse disciplines as trust and estate planning strategies, lending services, charitable giving, investment management, alternative investments and structured products.

"We are very pleased to open our latest Private Wealth Management office in San Francisco, our second office in California "said John Straus, Head of Private Wealth Management and Chairman of the Private Bank. "This office, combined with our other location in Los Angeles, will enable us to expand our ability to offer our ultra high net worth clients located on the West Coast a holistic approach to pursue their unique investment planning needs."

The new office will be managed by Wendi Eckardt, Executive Director reporting to Tony Tarrab, Managing Director, North West Regional Manager.

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:

Kris Kagel : +1-212-882-5691



New York, December 17, 2007

UBS