Howard Meaney appointed as the new Portfolio Manager for UBS Triton Property Fund

UBS Global Asset Management has announced that it has appointed Howard Meaney as the new Portfolio Manager for UBS Triton Property Fund.

UBS Global Asset Management’s Global Real Estate – UK business is pleased to announce the appointment of Howard Meaney as Portfolio Manager for UBS Triton Property Fund (UBS Triton, the Fund).

Howard, an Executive Director, is responsible for managing the GBP 795 million¹ balanced property fund currently owning 39 properties in the UK across the retail, office and industrial/warehouse sectors. Howard reports to Anthony Shayle, Head of Global Real Estate – UK (GRE – UK). In this role, Howard is responsible for developing and implementing the Fund’s strategy and leading the UBS Triton asset management team.

Before joining UBS, Howard was the Head of Property Investments at LV= Asset Management (previously Liverpool Victoria), where he was responsible for managing five UK funds with assets under management of approximately GBP 750 million. He has 32 years’ experience in the UK real estate industry, with the last 21 years focused on advising, and managing assets on behalf of institutional clients.

Commenting on his appointment, Anthony Shayle said: “We are delighted Howard has joined UBS. His track record and experience in UK real estate and fund management makes him an excellent fit into our existing UK capabilities.”

UBS AG

¹ As at 31 August 2012

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UBS Global Asset Management
UBS Global Asset Management is a large scale asset manager with well diversified businesses across regions, capabilities and distribution channels. It offers investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate and infrastructure investment capabilities that can also be combined in multi-asset strategies. The fund services unit provides professional services including legal fund set-up, accounting and reporting for traditional investment funds and alternative funds.

Invested assets totalled some GBP 382 billion as at 30 June 2012. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland1 and one of the largest fund of hedge funds and real estate investment managers in the world.

With around 3,700 employees, located in 25 countries, we are a truly global firm. Our main offices are in London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Sydney, Tokyo, Toronto and Zurich².

UBS Global Asset Management’s Global Real Estate actively manages real estate investments, worth approximately GBP 39.3 billion² in Asia, Europe and the US and across the major real estate sectors, making it one of largest real estate managers worldwide². Its capabilities emphasise core and value-added, but also include other strategies across the risk/return spectrum. These are offered on a global, regional and country basis and through open and closed-end private funds, customised investment structures, fund of funds, individually managed accounts and publicly traded real estate securities globally.

www.ubs.com/realestate

¹ Source: Lipper FundFlows Insight Report (as at 30 June 2012)

² Source: UBS Global Asset Management. Assets under management stated on gross asset value basis, reflecting property values as at 30 June 2012, where available. Includes assets managed by our joint venture with Mitsubishi Corporation, Japan. Ranking based on assets under management of the top global real estate investment managers, as stated on official company internet sites as at 30 June 2011.