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UBS appoints Curt Custard to lead UBS Global Asset Management's Global Investment Solutions business

London | | Media Releases EMEA

UBS Global Asset Management has today announced the appointment of Curt Custard as head of Global Investment Solutions. Curt will be based in London.

UBS Global Asset Management today announced the appointment of Curt Custard as head of Global Investment Solutions (GIS), effective March 2008. Curt will be based in London, reporting to John A. Fraser, Chairman and CEO of UBS Global Asset Management.

GIS, with invested assets of CHF 215 billion, encompasses asset allocation, currency, risk management and advisory services. It draws upon an unconstrained array of asset classes, strategies, currencies and active managers to create investment solutions focused on clients' challenges. Its highly disciplined investment approach is based on the rigorous analysis of risk and return exposures embedded in highly diversified portfolios.

In his new role, Curt will have overall responsibility for managing this business area. He succeeds Brian Singer who has decided to leave the firm in the coming months.

Curt joins UBS Global Asset Management from Schroders, where he was Global Head of Multi-Asset Solutions, a position he has held since 2004. This team operated three integrated business lines with invested assets of USD 46 billion: multi-asset solutions, structured investments and multi-manager. Prior to this, Curt was CIO of the Multi-Asset and Balanced business of Allianz Global Investors in London and prior to that he headed up Global Fixed Income at Dresdner RCM, which was merged into AGI.

John Fraser, Chairman and CEO of UBS Global Asset Management said: "We thank Brian for his enormous contribution and commitment to the firm and wish him well for the future. Over the past year, we have been broadening and deepening our investment talent. Curt's appointment adds to the list of leading investment professionals who have joined us recently. We are fortunate in securing someone of Curt's stature. His 17 years of experience in the industry will help drive our GIS business forward to its next stage of development."

Enquiries:

UK:

Sarah Small

Tel. +44-20-7568 2609

US:

Karina Byrne

Tel. +1-212-882 5692

Zurich:

Christoph Meier

Tel. +41-44-234 8316