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UBS Opens Second Private Wealth Management Office for Ultra High Net Worth Clients

Stamford Media Releases Americas

UBS announced today that it has opened its second Private Wealth Management office dedicated to serving the specialized needs of the firm's ultra high net worth clients. The firm's first Private Wealth Management office, located at 299 Park Avenue in New York, was opened in July 2006

The office is located at 677 Washington Boulevard in Stamford and is part of a series of planned offices nationwide that will offer a comprehensive suite of brokerage, trust and private banking services.

The Stamford office is comprised of a staff of Private Wealth Advisors, Private Bankers and related service personnel. Private Wealth Advisors have completed the firm's rigorous internal accreditation program that focuses on a range of sophisticated wealth management strategies. Clients of Private Wealth Management will be able to draw upon the expertise of professionals who specialize in such diverse disciplines as trust and estate planning, lending services, charitable giving, investment management, alternative investments and structured products.

"Through the opening of this new office, we are pleased to be able to expand our ability to offer our ultra high net worth clients a holistic approach to meet their unique financial planning needs," said John Straus, Head of Private Wealth Management and Chairman of the Private Bank.

The new office will be managed by Joseph Hubbell, Director, reporting to Frank Minerva, Managing Director and head of the Private Wealth Management office at 299 Park Avenue.

UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 34% in Switzerland, 17% in the rest of Europe and 10% in Asia Pacific. UBS's financial businesses employ some 80,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).


Kris Kagel : +1-212-882-5691

New York, July 18, 2007