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UBS Names Jon Jodka Head of US Prime Brokerage Sales

New York Media Releases Americas

UBS Investment Bank today announced that Jon Jodka will join the firm as Managing Director and Head of US Prime Brokerage Sales within its Equities division. Jodka will be based in New York and will report to Matt Pecot, Head of US Prime Brokerage, and Martina Slowey, Global Head of Prime Brokerage Sales.

"Jon has great breadth of experience on the sell-side and strong relevant experience on the buy-side," said Alex Ehrlich, Global Head of Prime Services. "His unique client-side perspective will be of great value to our team as we strive to anticipate our hedge fund clients' needs in this dynamic market and offer them the best possible products and solutions."

Jodka was most recently President and a founding partner of Copper Arch Capital LLC, a New York-based hedge fund which successfully grew its assets, client base, and product array prior to voluntarily returning capital to its investors earlier this year.

Prior to that, Jodka spent 13 years at Morgan Stanley where he held several senior positions including National Head of US Sales from 2000 to 2002, where he led the marketing and distribution of US research and new issue products globally. He also served as a member of the Equities Commitment Committee, and was a member of the Morgan Stanley President's Diversity Committee. Jodka was head of the firm's Boston office from 1995 to 2000.

"Our prime services business continues to thrive in all three regions," added Ehrlich. "We were especially pleased that for the second quarter we announced strong results for the business due to solid growth in our client financing and securities lending activities."

Jodka holds a B.A in Government and Spanish from Bowdoin College and received his MBA in Finance from The Tuck School of Business at Dartmouth College.

UBS is one of the world's leading financial firms, serving a discerning international client base. UBS is a 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 over 50 countries, with about 37% of its employees working in the Americas, 34% 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).


Doug Morris +1-212-882-5694

New York , August 28, 2008