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UBS appoints Matt Pecot as Head of Equity Finance in Hong Kong

| Media Releases APAC

UBS has appointed Matt PECOT as Head of Equity Finance in Hong Kong, effective 14th April 2004. Pecot will oversee UBS's prime brokerage and equity finance activities in Asia, and will be jointly responsible, along with Mas IWATA, for all equity finance activities in Asia Pacific. In a separate move, Sangkyo LEE has joined UBS's equity swaps trading desk in Hong Kong from Samsung Securities in Korea.

"I am confident that Matt's appointment will provide further momentum to our burgeoning prime brokerage and equity finance business. His experience of both Asia and UBS's equities business will complement Mas's deep understanding of the Japanese market," said Brad ORGILL, Head of Equities for Asia Pacific.

Pecot was appointed regional head of Asian equity sales in 2002 and earlier in his five years with UBS worked as the head of the office in both the Philippines and Indonesia.

In his new role, Pecot will report to Alex EHRLICH, Global Head of Equity Finance, and Chi-Won YOON, Head of Asian Equities.

Reporting to Joseph CAVATONI, Head of Equity Swaps in Asia, Lee will focus on the Korean market and facilitate trading activity with the local trust and execution desks.


Hong Kong, 19 April 2004
UBS