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UBS Finance Academy 2004

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UBS investing in schoolkid's futures

50 year 11 students will spend part of the coming school holidays getting hands on experience of the investment banking business, thanks to an initiative created and funded by leading investment bank, UBS. The UBS Finance Academy gives public school students the opportunity to explore potential careers in business and finance.

The participants have been selected from non fee-paying schools across NSW, ACT and VIC. The Secondary School Principals Council of these states has welcomed the initiative and helped select the participants, who are all high achievers in business, economics and other finance related subjects.

The students will travel to Sydney for the 4-day/5 night residential course held at Dunmore Lang College, Macquarie University. The 2004 Academy will be opened by Senator the Hon Helen COONAN, Minister for Revenue and Assistant Treasurer, who last year was voted, 'most influential person in financial services' by Money Management Magazine.

"The UBS Finance Academy is an excellent opportunity for students to contemplate career options in the banking and finance sector," Senator Coonan said.

"Students are faced with an array of options as they finish their high school education and this is a chance to explore one of their options and meet with talented mentors who are willing to impart valuable advice."

While all of the students' costs and expenses are covered by UBS, financial backing is only part of the deal. Key to the programme is the participation of UBS staff from all areas of the business, who contribute by sharing valuable real life insights into the world of banking and mentoring students after the five day course ends.

Chris MACKAY, UBS Chief Executive Officer, said the idea for the Academy came from bank employees who wanted the bank to do more for the community. "Direct social involvement at this level is a first for a bank. By assisting in the development of these bright and deserving young students, we are not only investing in futures but are also helping to break down negative images of big business amongst our young people," he said.

"We believe it is important for the financial services sector, a major employer in Australia to become more involved in the community we live and work in," added Mr Mackay.

UBS worked with Corporate Good Works to develop the project with Tony McElroy of North Sydney Girl's High and Sharon Quinn of Canberra College coordinating the course. Participants can expect an intense but rewarding 4 days of theory, workshops, field visits, including a trip round the trading floor, and inspirational talks by key players from the industry. Real life case studies will be included in the programs and the event will culminate with a series of student presentations to senior UBS employees followed by an awards ceremony and graduation dinner at the Botanic Gardens.

Sydney, 6 July 2004