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Senator Phil Gramm to join UBS Warburg

Media Releases Americas

UBS Warburg today announced that Texas Senator Phil Gramm will join the firm as vice chairman. In this role, he will advise clients on corporate finance issues and strategy. Senator Gramm plans to join the firm at the end of his term. In his new role, he will work closely with Vice Chairmen Lord Brittan and Ken Costa, who are based in London.

Senator Gramm is retiring after serving 24 years in Congress, including the last 18 years as Senator from Texas.

Senator Gramm's experience gained from more than 35 years in academia and government make him uniquely suited to assist our clients to meet the challenges presented by today's business environment," said John P. Costas, chairman and chief executive officer of UBS Warburg.

I am delighted to enter the next phase of my career as an investment banker at UBS Warburg," said Senator Gramm. Having spent my professional life working on finance related issues, I look forward to bringing that experience and knowledge to bear on behalf of UBS Warburg clients worldwide."

UBS Warburg is a business group of UBS AG (NYSE: UBS), one of the largest financial services firms in the world with more than 70,000 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. UBS Warburg is one of four business groups of UBS AG along with UBS PaineWebber, UBS Global Asset Management and UBS Wealth Management & Business Banking.

David Walker Tel: +1 212-713-8502
Christine Walton Tel: +1 212-713-2138 of UBS