UBS today announced the appointment of Gareth Evans as its UK Equity Strategist.

Evans will join as an Executive Director and report to Nick Nelson, head of European Equity Strategy. He joins UBS from ING where he was Pan-European strategist for eight years. He began his career working as a UK portfolio strategist for Capel-Cure Myers Capital Management in 1994.

Nick Pink, head of UBS European Equity Research said;

"Gareth's appointment demonstrates our strong commitment to UK product and our UK clients. Gareth will help us build on our No.1 position, in terms of UK stock coverage, and ensure we continue to deliver the best thematic, sector and stock ideas for our UK clients."

Evans primary role will be to develop UBS' leading UK strategy product. He will also work closely with Nick Nelson on pan-European strategy.

Evans will start at UBS in August.

Contact:

Richard Morton, UBS Media Relations
+44(0)20 7568 0175

The UK in a global context (Chapter 2)

• Things could be worse, but as a nation there is still much for the UK to address to secure the retirement incomes of future generations.

• There is a clear trend towards greater international investment in all major pension markets. In the UK, for example, the average pension fund's overseas equity weighting now equals its UK equity weighting at 32% for the first time ever.

Asset allocation in the presence of liabilities (Chapter 3)

• A "perfect storm" has led to the renewed focus on liabilities.

• The key metric for pension funds is funding ratio risk which provides a guide to the uncertainty of the sponsor's pension costs.

• There are contrasting, yet complementary, roles for liability driven and return generating investment strategies.

Contact:

Hana Irani, UBS Media Relations
+44(0)20 7568 9822