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UBS Announces Senior Management Appointments in Brazil

New York and Sao Paolo Media Releases Americas

UBS today announced two senior appointments within UBS Pactual's management team in Brazil. Rodrigo Xavier has been named Chairman and CEO of Brazil, reporting to Jerker Johansson, Chairman and CEO of UBS Investment Bank.

Xavier has been with UBS Pactual, and its predecessor firm Banco Pactual, since 1993. He was most recently responsible for co-managing UBS Pactual's Asset Management business. He will continue to divide his time between São Paulo and Rio De Janeiro.

Juerg Haller has been named Chairman and CEO of UBS Latin America, spanning all business groups. He will report jointly to Johansson and to Robert Wolf, CEO of UBS Group Americas and President of UBS Investment Bank. He will additionally retain his roles as Deputy CEO and COO of UBS Pactual.

"This management team has deep client relationships, demonstrated breadth of expertise, and a dedication to delivering outstanding service and ideas to our clients," said Johansson. "We are fully committed to Brazil and to our entire Latin American business. I am confident that under this leadership we will continue to maintain and grow our leading business within the region."

Xavier succeeds Andre Esteves, who is leaving UBS with a small team to pursue a new, independent venture.

"We thank Andre and other colleagues for their contribution and wish them the best of luck with their new endeavors," added Johansson.

"Our Brazilian business has strengthened significantly due to the successful and timely integration of UBS and Pactual," said Xavier. "We thank our clients for their continued support, and we look forward to furthering our leading client franchise in Brazil."

UBS Pactual is a leading financial services firm in Latin America, offering tailored products and services to corporate, institutional and private clients. UBS Pactual employs approximately 1,000 people throughout Latin America and has a presence in most major commercial centers in the region. With invested assets of approximately CHF 40 billion as at 31 December 2007, UBS Pactual Asset Management is the fourth largest asset manager in Brazil and the country's largest asset manager without a retail outlet. UBS Pactual has received numerous accolades recently including Latin Finance magazine's "Best Local Investment Bank- Brazil" and Global Finance magazine's "Best Equity Bank in Latin America," and Euromoney magazine's "Best Debt House in Brazil." UBS Pactual has been consistently ranked No.1 for Latin America research for the last five years by Institutional Investor.


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).


Rohini Pragasam Tel: +1-212-882-5690
Doug Morris Tel: +1-212-882-5694

New York, June 18, 2008