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

New York Media Releases Americas

UBS announced today that it has opened its newest Private Wealth Management office in Chicago, Illinois dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million.

The office, located at One North Wacker Drive, is the latest in a series of planned offices nationwide that will offer a comprehensive suite of brokerage, trust and private banking services. UBS has two other Private Wealth Management offices in New York City and Stamford, CT.

The Chicago office is comprised of a staff of Private Wealth Advisors, Private Bankers, Specialists 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 a group of dedicated Specialists - professionals whose focus is 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 in the Chicago region a holistic approach designed to help 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 Dennis J. Drescher, Managing Director.

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, 16% in the rest of Europe and 11% in Asia Pacific. UBS's financial businesses employ more than 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, September 24, 2007


The annual UBS Global Life Sciences Conference is among the largest health care investor conferences in the world. Senior executives from the leading pharmaceutical, biotechnology and medical technology companies will provide their insight and outlook on the global life sciences industry. More than 2,000 people are expected to attend. Presenting companies include:

Actelion Pharmaceuticals, Ltd.
Advanced Medical Optics
Applied Biosystems Group
Bayer Healthcare AG
Beckman Coulter, Inc.
Biogen IDEC
Biovail Corp. International
Celgene Corporation
Cephalon Inc.
Charles River Laboratories
Dentsply International
Eli Lilly
Endo Pharmaceuticals
Forest Laboratories
Gen-Probe Incorporated
Genzyme General
Gilead Sciences
Hologic, Inc.
Illumina, Inc
IMS Health Inc
Intuitive Surgical
Inverness Medical Innovations
Invitrogen Corporation
Laboratory Corporation of America
MDS, Inc.
Medtronic Inc.
Merck KGaA
Mettler-Toledo International, Inc.
Millennium Pharmaceuticals, Inc.
Millipore Corporation
Nobel Biocare AB
Pall Corporation
Pfizer, Inc.
Pharmaceutical Product Development
Qiagen NV
Quest Diagnostics
Roche Holdings AG
Shire Plc
Sonova Holding AG
Stericycle, Inc.
Straumann AG
Teleflex Incorporated
ThermoFisher Scientific
Ventana Medical Systems
Vertex Pharmaceuticals
Warner Chilcott
Waters Corporation

Online conference information

To access audio transmissions and the conference agenda please go to the UBS Investment Bank website at Audio transmissions of company presentations will be available live and by replay. Replays will begin three hours after the actual presentation time and will be available on the site for a period of four weeks.

UBS Investment Bank is a business group of UBS AG (NYSE: UBS), one of the world's leading financial firms. The investment banking and securities business is among the select bracket of major global houses, providing a full range of products to institutional and corporate clients, intermediaries, governments and hedge funds. UBS employs more than 80,000 people in 50 countries and is listed on the New York, Tokyo and Zurich stock exchanges.


Laura Cora : +1-212-882-6021

New York, September 24, 2007