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UBS Investment Bank Expands US Equities With Key Senior Hires

New York | | Media Releases Americas

UBS announced today six senior hires within its US Equities business. The new additions are within the sales and trading, equity sales, and quantitative strategy groups.

"UBS remains committed to providing integrated, full service solutions to our clients." said Raul Esquivel, Head of Americas Equities. "In these markets, strong quantitative strategy is more in demand than ever and clients are looking for solid sales and trading support. Strategic hires such as these allow UBS to maintain its position as the leading Equities firm in the world."

The new hires in US Equities at UBS are:

• Xiaodong Zhang joins UBS as an Executive Director and Quantitative Strategist, based in Stamford, CT and reporting to William Baedke, Global Head of Electronic Volatility Trading. Zhang has over 10 years of quantitative experience in algorithmic option trading. He joins from Bear Stearns and, prior to that, he worked at Merrill Lynch and Helios Futures and Options. He has also worked as a research fellow and lecturer at the University of New South Wales. Zhang has a PhD in Applied Mathematics from Australian National University, an MSc in Biophysics from University of Science and Technology of China, and a BSc in Theoretical Physics from University of Def. Technology of China.

• Ilya Ustilovsky also joins UBS as an Executive Director and Quantitative Strategist, based in Stamford, CT and reporting to William Baedke. Ustilovsky joins from Goldman Sachs, where he worked for five years developing a number of high-frequency option trading algorithms. Previously, he worked for Kiodex, Inc., Courant Institute of Mathematics at NYU, and he was a Professional Officer in the Signal Corps of the Israeli Army. Ustilovsky has a PhD in Mathematics from Stanford University, an MS in Mathematics and a BS in Mathematics and Computer Science both from Tel Aviv University.

• Sean Grady joins UBS as an Executive Director and Equity Sales Trader, based in New York, and reporting to William Ackerman, Head of New York Sales & Trading. Grady joins from Credit Suisse where he was a Managing Director, having worked there for 15 years. Grady has a BS in Economics from Villanova University.

• Andre Dore joins UBS as an Executive Director and Equity Sales Trader, based in Stamford, CT and reporting to Brian McGinn and Brendan Grady, Co-heads of the Stamford Sales Trading group. Dore most recently was a Senior Managing Director and Senior Sales Trader at Bear Stearns, with over 22 years of experience. Previously, Dore was a professional hockey player for eight years with the New York Rangers, the St. Louis Blues, and the Quebec Nordiques.

• Nicholas Struk joins as an Executive Director and Equity Sales Trader, based in Stamford, CT and reporting to Brian McGinn and Brendan Grady, Co-heads of the Stamford Sales Trading group. Most recently, he worked at Bear Stearns for 13 years as a Senior Managing Director in Institutional Equity Sales Trading. Struk has a BS in Economics from Quinnipiac College.

• Zach Monsma joins UBS as an Executive Director in the Equity Sales group, based in New York, and reporting to Glenn Starkman, Head of US Equities Time Zone Distribution. Monsma joins UBS from JP Morgan, where he was an Executive Director in the Institutional Equity Sales group and, previously, he worked at Lehman Brothers. Monsma graduated from DePauw University with a BA in Economics and he holds an MBA from the University of Michigan Business School.


UBS is the leading global wealth manager, a leading global 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 38% of its employees working in the Americas, 33% in Switzerland, 16% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 80,000 people around the world. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).


Contact:

Kelly Smith at +1 212-882-5699 or kelly.smith@ubs.com

New York , August 7, 2008

UBS