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Niccolo Ragnini rejoins UBS Debt Capital Markets

| Media Releases EMEA

UBS announces the hire of Niccolo Ragnini to the European Debt Capital Markets Group.

UBS Investment Bank announced today the hire of Niccolo Ragnini to the European Debt Capital Markets Group. Niccolo rejoins UBS as Executive Director, senior marketer for public sector and corporates. Based in London, Niccolo will report to Philippe Jordan, Head of Derivatives Marketing for European Corporates and Public Sector and Roberto Isolani, Co-Head of Italian Investment Banking Division.

Niccolo rejoins UBS from Goldman Sachs were he worked in their Financing Group as Head of Italian Debt Capital Markets from November 2003. Prior to that, Niccolo had worked since 1998 for UBS in the European Debt Capital Markets Group. He was responsible for the Italian regional and municipal sector.

Philippe Jordan commented: "We are delighted that Niccolo has rejoined UBS. His experience in the Italian Debt Capital Markets sector will further strengthen our Italian franchise and benefit our European clients. Niccolo's return is a also a strong testimony of the quality of our client reach, the breadth of our product offering and of our corporate culture".


London, 27 May 2004
UBS

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