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UBS announces senior management changes within UBS Global Asset Management Fund Services

London | | Media Releases EMEA

Today UBS Global Asset Management announces the appointment of Mark Porter as Head of Fund Services in the UK with effect from 1 January 2007.

Mark, who has been with the firm for over 17 years, moves into this new role from the Global COO's office where he was the Group Securities Initiative Programme Director. Prior to this, Mark held the positions of UK Finance Director, European CFO, and more recently Global Head of Revenue Operations. In addition to his roles within Finance he has also spent several years in Legal, Compliance & Risk Control.

Mark's key priorities in his new role will be to continue to grow the Fund Services business in the UK whilst maintaining the highest standards of client service quality. "In an environment of increasing product complexity, our clients are looking for a fund administration partner that can deliver reliable, efficient and high quality service in a flexible manner. Securing new business and continuing to develop our existing client relationships will ensure we make the most of all the opportunities available to us."

Commenting on the appointment, Gerhard Fusenig, Global Head of Fund Services said: "I am delighted that Mark has accepted this important role. He has an indepth knowledge of the firm as well as the experience to continue driving the business to deliver both the business growth and superior client service standards we are aiming for."

Contact:

Hana Irani, UBS Media Relations

Tel. +44 20 7568 9822