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Vice Chairman of UBS Global Wealth Management Relocates to Singapore

Singapore Media Releases APAC

Reflecting the increasing importance and strategic focus of Asia Pacific to its wealth management business, UBS AG today announced the relocation of its Vice Chairman of Global Wealth Management, Carlo A. GRIGIONI, from Switzerland to Singapore.

Grigioni is a member of the senior leadership of UBS, and Business Group Vice Chairman of Global Wealth Management and Business Banking. In his role as Vice Chairman Global Wealth Management, he will focus on initiatives for ultra high net worth clients and bring his global experience to key relationships.

"I am delighted to be returning to Singapore both from a personal perspective, my family and I had an extremely happy time here between 1984 and 1993, but also from a professional standpoint. The creation of wealth in Asia Pacific continues to grow at an unprecedented rate. It is not often in one's career that the opportunity to face challenges and opportunities of this magnitude crops up. It is an extremely exciting time to be in the region and I look forward to bringing a new perspective to meet our clients' evolving needs," said Grigioni.

"Carlo has over 30 years of experience in the wealth management business. He has an intimate understanding of the region and was one of the original architects of UBS's wealth management business in Singapore and the rest of Asia. His relocation underscores our long-standing commitment to the region and I am confident that he will add a new and valuable dimension to our business given his experience and strategic insight," said Kathryn SHIH, Head of UBS Wealth Management in Asia Pacific and Member of the Group Managing Board.

Grigioni was appointed Vice Chairman of UBS Wealth Management in January 2004 and has served as one of the most senior members of UBS Wealth Management and UBS's management ranks for many years. He joined Swiss Bank Corporation (SBC) in 1986, and during his 20-year tenure with the UBS Group, has been Group Managing Board member and Business Area Head of UBS AG in both America and Asia Pacific.

In 2006, Euromoney named UBS "Best Global Private Bank" for the fourth consecutive year with the wealth management business ranked first also in Asia.






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