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UBS Investment Bank expands coverage in US Equities Research with new senior hires

New York Media Releases Americas

UBS Investment Bank announced today that it has hired three analysts in US Equities Research. Janet Pegg and Heather Wolf have joined US Equities Research as Managing Directors and Erika Penala as a Director. Pegg joins UBS in the Strategy & Valuation group as an accounting analyst. Wolf will be the head of a Financials team covering Large Cap Banks and Penala will cover Mid- and Small-Cap Banks, reporting to Wolf. Both Pegg and Wolf will be based in New York and will report to David Bleustein, Head of US Equities Research.

"UBS is proud to offer our clients the differentiated research they need across a broad coverage universe," said Bleustein. "Janet, Heather and the new Financials team bring significant knowledge and experience in their respective fields, and we look forward to their contributions both to their sectors and to our overall research offering."

Pegg joins UBS from Encima Global where she was an Accounting and Tax analyst. Prior to Encima, she spent 25 years as a top-rated analyst at Bear Stearns & Co. where she was ranked in the Institutional Investor All-America Research team survey for the past five years, placing first in 2007. She has extensive knowledge of the Accounting and Taxation spaces with many years of experience focusing on US and international GAAP, SEC reporting requirements, and US federal taxation together with their implications to investment analysis. Pegg holds an MBA from New York University and a Bachelor of Arts in Economics from Rutgers University.

Wolf will cover US Large-Cap Banks within the Financials sector. She joins from Banc of America Securities-Merrill Lynch where she was a top-rated analyst for the past five years covering US Large-, Mid- and Small-Cap banks. She placed 1st in her sector in 2008 in the Institutional Investor All-America Research team survey. Prior to joining Merrill Lynch, Heather spent six years at Goldman Sachs, where she covered US and Canadian financial services companies. Heather earned her Bachelor of Science in Commerce from the University of Virginia and is also a CFA charterholder.

Penala joins UBS as a Director in the Financials sector. She spent the last three and a half years working as an analyst in the US Mid- and Small-Cap Banks space at Banc of America Securities-Merrill Lynch.

UBS has more Institutional Investor ranked analysts than any other firm and is a leading provider of research on companies, industry sectors, geographical markets and macroeconomic trends. UBS Equities Research covers more than 3,300 companies globally, representing 85% of the world's market capitalization.