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Greg Morris Joins UBS Investment Bank's Equities Group as US Head of Structuring

New York Media Releases Americas

UBS announced today that Greg Morris has joined UBS Investment Bank's Equities group as US Head of Structuring. He is based in Stamford, CT and reports to Raul Esquivel, Head of Equities in the Americas, and Jason Barron, Global Head of Equity Derivatives. In addition, Morris will join the Equity Derivatives Managing Board.

In this new role, Morris will focus on developing structured products and aligning sales and trading in the Equities business to strengthen UBS's solutions-based approach to clients and develop new business streams.

"We continue to see strong growth in global demand for equity derivative products and, as the leading equities firm in the world, UBS is committed to remaining at the forefront of product innovation," said Esquivel. "We are excited for Greg to join UBS, as he brings a depth of expertise in the development of derivatives and other structured products that will strengthen our offering of unique and innovative solutions to our clients."

Morris joins UBS from Deutsche Bank where he worked for eight years as a Managing Director and Head of Global Markets Equity Structuring Americas. His past experience also includes managing the corporate fixed income derivatives structuring and marketing desk at Credit Suisse Financial Products, and as a Senior Project Engineer at Exxon Company USA.

Morris holds an MBA from Tulane University as well as a BSE in Materials Science and a BS in Economics from University of Pennsylvania.

About UBS

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 leading global 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 38% of its employees working in the Americas, 33% in Switzerland, 16% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 80,000 people around the world. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).


Kelly Smith, UBS Media Relations, New York Tel. +1-212-882 5699

New York, May 20, 2008