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Lewis R. Steinberg joins UBS as Head of Global Strategic Solutions Group

Media Releases Americas

New York, February 9, 2005--UBS announced today that Lewis R. Steinberg has joined the firm as a Managing Director and Head of the Global Strategic Solutions Group within the Investment Banking Division. Mr. Steinberg is based in New York and reports to Ken Moelis and Robert Gillespie, joint Global Heads of Investment Banking.

In his new role, Mr. Steinberg will work with all of the Investment Bank's product and solution groups focusing on client's complex M&A and financing issues.

Mr. Steinberg joins the firm from Cravath, Swaine and Moore LLP where he was most recently Co-Head of the Tax Department.

"I'm very pleased that Lew has joined UBS," said Ken Moelis. "His expertise will allow UBS to provide its clients with a wide-range of innovative solutions and I'm looking forward to him building this new business for UBS."

"We have worked with Lew over the past twenty years and are very excited that he's chosen to join us at UBS. He is an exceptional talent who will greatly benefit our Firm and its corporate clients," said Robert Gillespie.

Mr. Steinberg earned his A.B. in 1978 from Amherst College and his JD (1984) and his LLM in Taxation (1992) from New York University's School of Law.

UBS is a leading financial firm, combining financial strength with a reputation for innovation and a global culture that embraces change.

UBS is one of the world's largest wealth managers, a premier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is a market leader in retail and commercial banking.

Headquartered in Zurich and Basel, UBS employs around 66,000 people, and has operations in over 50 countries and in all major financial centers.

Inquiries: Kristopher A. Kagel: +1 212-882-5691