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Changes to the UBS Board of Directors

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Jes Staley to be nominated for election to the UBS Board of Directors at the forthcoming Annual General Meeting.

Zurich/Basel, 17 December 2014 – The UBS Board of Directors announced today that it will nominate Jes Staley for election to the Board at the Annual General Meeting of Shareholders on 7 May 2015. If elected, Jes Staley is expected to be nominated to become a member of the Risk Committee.

Jes Staley has been a Managing Partner at BlueMountain Capital Management LLC since February 2013. Prior to this, he held various senior executive positions at JPMorgan Chase & Co., including CEO Investment Bank, CEO Asset Management and Head of Private Banking. He began his banking career at Morgan Guaranty Trust Co. of New York in 1979 after graduating from Bowdoin College with a degree in economics.

Jes Staley was born on 27 December 1956 in Boston, Massachusetts. He is married with two daughters.

UBS Chairman Axel Weber commented: "On behalf of the Board of Directors, I am very pleased to announce the nomination of Jes Staley for election to the Board. His professional expertise gained from three decades of working in several top leadership functions in global banking make him ideally suited to strengthen the Board of UBS. Subject to his election, we are convinced Jes will bring invaluable skills, experience and insights to the firm."

In addition to his position at BlueMountain Capital, Jes Staley serves on the Board of Directors of the Robin Hood Foundation, Code Advisors, the Board of Trustees of Bowdoin College, the Investor Advisory Committee on Financial Markets of the Federal Reserve Bank of New York and is a member of the Council on Foreign Relations.

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