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UBS opens global technical services centre in Australia

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The Hon. Bob CARR MP, Premier of NSW and Clive STANDISH, Chairman and CEO Asia Pacific, Member of Group Executive Board, UBS AG, today opened the UBS Global Services Centre, a new IT facility in the northern Sydney suburb of St Leonard's.

UBS is relocating its European and North American technical support centres and other IT functions to Sydney, creating more than 170 jobs. The Global Service Centre will be providing first line support for UBS Investment Banking employees globally (excluding Switzerland).

"Among UBS's 68,000 employees worldwide and across the more than 50 countries in which we operate, the Global Services Centre represents our organisation's latest investment in the hubbing of technology support services," said Mr Standish.

"Unlike the rest of our employees in Australia, this team of multi-lingual support and technology specialists will, figuratively speaking, never leave the building, working 24 hours a day, seven days a week, in three shifts."

Mr Standish said UBS chose Sydney because of its existing infrastructure and management, quality of the workforce, telecommunications and technology infrastructure, quality of life for staff and global cost effectiveness.

The support of the NSW Department of State & Regional Development has brought the project to completion. "The commercial manner in which the Government facilitated and supported us in establishing this centre in NSW has helped create these jobs in Australia," said Philip COLEMAN, Chief Operating Officer, Australasia.

Sydney, 18 September 2003