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Brinson Advisors Makes Key Additions to Distribution Team

Media Releases Americas

Brinson Advisors, a member of UBS Asset Management, has named seven individuals to new distribution team positions that will support the growth of the firm's offerings to financial intermediaries.

"We are pleased to have been so successful in identifying and securing top internal and external industry talent to fill key distribution roles," said Barry Mandinach, head of distribution for Brinson Advisors. "These new positions will enhance the firm's ability to offer the full range of UBS Asset Management capabilities to the wholesale market."

In order to ensure comprehensive sales support for the firm's growing product line, two new sales positions dedicated to managed accounts and mutual funds have been created:

John Carmody joins the firm as the managed accounts sales director. Previously, Carmody was national sales manager for EnvestnetPMC, a web-based start-up company providing open architecture separate account investment services and technology to the independent investment advisory community. He has over fifteen years of collective experience with Phoenix Investment Partners, Zweig Securities Corp. and SunAmerica Securities Corporation.

Mike Murphy has been named mutual funds sales director. Murphy has been with Brinson Advisors since 1999, serving as regional sales director on the UBS PaineWebber wholesale team and most recently as sales strategist/wholesaler trainer.

In their new roles, both Carmody and Murphy will be working with external and internal wholesalers with a primary focus on providing education and sales support for managed account and mutual fund capabilities. They will report jointly to Frank Schwall, Brinson Advisors' executive director for national sales through the UBS PaineWebber channel, and Jeff Cerutti, executive director for national sales through third party channels.

Four new regional sales managers will now support the third party distribution effort led by Jeff Cerutti:

Guy Ferrara joins the firm as the Chicago-based third party regional sales director responsible for the Midwest territory. Previously, Ferrara served as wholesaler and manager of the New York City sales desk at Phoenix Investment Partners.

Tom Franco joins the firm as the Miami-based third party regional sales director responsible for the Southeast territory. Previously Franco served as a wholesaler at Phoenix Investment Partners, and worked on the sales desk at Zweig Securities.

Mark Najarian joins the firm as the Boston-based third party regional sales director responsible for the Northeast territory. Previously, Najarian worked at Fund Distributor, Inc. where he served as a national account manager responsible for the distribution of the Brinson Mutual Funds through intermediary channels in the United States.

Jim Hickey joins the firm as Newport Beach, Calif.-based third party regional sales director responsible for the Southwest territory. Hickey has been a regional sales director with the firm's UBS PaineWebber wholesale team since mid-year 2000.

Finally, Jody Harris joins the firm as manager of the Brinson Advisors sales desk reporting to Rich Palma, executive director of Mutual Fund Services and Internal Sales Administration, Frank Schwall and Jeff Cerutti. In this role, Harris will be an important part of the firm's sales and service activities for the UBS PaineWebber and third party channels. Previously, Harris managed the New York City and Hartford, Conn. sales desks for Phoenix Investment Partners. She was instrumental in helping Phoenix receive two Dalbar awards for sales and marketing capabilities for small investment companies. Prior to that, Jody was an investment consultant with Zweig Securities Corp.

Brinson Advisors delivers the investment capabilities of UBS Asset Management to financial intermediaries in the Americas. With USD 385 billion in assets under management, UBS Asset Management is a global investment leader in equities, fixed income, real estate, timber, hedge fund and multi-manager investment capabilities.

UBS AG is a leading global financial services firm with 71,000 employees worldwide, providing a wide range of services to a client base that includes affluent individuals, corporations, institutions and governments. Headquartered in Switzerland, the bank has significant operations in all of the world's major financial centers.

Contact: Kati Otto, (212) 713- 2138