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UBS Global Asset Management appoints a new Head of its Canadian business

Toronto Media Releases Americas

UBS Global Asset Management today announced that it has appointed Marcel Larochelle as Head of its Canadian business effective July 14, 2008. Based in Toronto, Marcel will focus on the development and expansion of UBS Global Asset Management's institutional, wholesale and consultant relationships.

"Marcel is well recognized within Canada's institutional investment management community and has a broad range of established relationships," said Kai Sotorp, Head of Americas, UBS Global Asset Management. "With Marcel's leadership, I am confident we will significantly solidify and expand our Canadian business."

Marcel Larochelle is a Chartered Financial Analyst and has had senior roles with a number of well-established firms, including Mercer Investments, Towers Perrin and Buck Consultants, operating over the years from offices in Boston and Paris as well as Toronto and Montreal.

"UBS is one of the very few global investment management organizations whose Canadian clients can also benefit from the strength of a quality Canadian-based investment team," said Marcel Larochelle. "Through its integrated investment platforms, UBS is uniquely positioned to deliver innovative investment solutions by using the diversity, breadth and global scope of its capabilities."

UBS Global Asset Management is one of the world's leading asset managers, providing traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide. Invested assets totaled some CAD 781 billion at 31 December 2007, making the firm one of the largest global institutional asset managers.

With over 3,600 employees, located in 25 countries, UBS Global Asset Management is a truly global firm. The main offices are in Basel, Chicago, Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York, Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.


Graeme Harris Tel: (416) 345-7050

Toronto, July 7, 2008