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Leading Financial Institutions Banking Group to Join UBS Warburg

Media Releases Americas

NEW YORK -- UBS Warburg announced today that Michael E. Martin, former head of global banks and diversified finance at Credit Suisse First Boston, intends to join the firm as a managing director and global head of the Financial Institutions Investment Banking group. Based in New York, Mr. Martin will report to Kenneth D. Moelis, managing director and head of Investment Banking in the Americas as well as Robert Gillespie and Rory Tapner, joint global heads of Investment Banking. In addition, joining Mr. Martin from CSFB as managing directors will be P. Olivier Sarkozy and John K. Adams, Jr. Mr. Sarkozy will also have the title of global head of the Banks group within the Financial Institutions group. Separately, Mr. John M. Cryan, a managing director of UBS Warburg has been appointed head of the European Financial Institutions group based in London and will report to Mr. Martin.

"Michael, Olivier and John's decision is further evidence of our commitment to recruit the very best bankers on Wall Street and to providing unparalleled advice to our corporate clients both in the U.S. and overseas," said Moelis.

"We are delighted that Michael, Olivier and John have decided to join our firm," said Gillespie. "Their presence when combined with our existing strength in the area will create a premier global financial institutions practice."

UBS Warburg is a business group of UBS (NYSE: UBS), one of the largest financial services firms in the world with 71,000 employees in more than 40 countries. UBS Warburg is a leader in equities, corporate finance, M&A advisory and financing, financial structuring, fixed income issuance and trading, foreign exchange, derivatives and risk management.

CONTACT: Denise M. Kazmier of UBS Warburg, +1-212-713-3090