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UBS appoints Weng as Head of Active Quantitative Equities

New York/ London | | Media Releases Americas

UBS Global Asset Management announced today that William Weng is joining its Structured Equities team as Head of Active Quantitative Equities, effective 14th April 2008.

Weng will focus on building the Active Quantitative Equities offering by launching active long only, 130/30 and market neutral quantitative equity strategies.

With over nine years of investment industry experience, Weng joins from Credit Suisse Asset Management where he was head of the Quantitative Equities Group that developed, managed and marketed quantitative active equity strategies.

Weng will be based in New York and will report to Art Gresh, Head of Structured Equities, based in London.


Notes to Editors:

UBS Global Asset Management is one of the world's leading asset managers, providing traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide. Invested assets totalled some CHF 891 billion (EUR 539 billion, GBP 396 billion, USD 786 billion) at 31 December 2007, making the firm one of the largest global institutional asset managers, a leading fund house in Europe and the largest mutual fund manager in Switzerland. 1

1 Source: Lipper FundFlows Insight Report (as at 31 December 2007)


Contacts:

Kris Kagel, UBS Media Relations, New York Tel. +1-212-882 5691
Sarah Small, UBS Media Relations, London Tel. +44-(0)20-7568 2609



New York, March 24, 2008

UBS