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UBS to strengthen presence in Poland
UBS today announced its intention to further strengthen its presence in Poland by establishing a local investment banking team. The team, which will be based in Warsaw once the necessary approvals have been obtained, will offer UBS's investment banking capabilities to the local market as well as Central Europe.
Alex Wilmot-Sitwell, co-CEO of UBS Investment Bank and Chairman and CEO UBS Group Europe Middle East and Africa (EMEA) said: "Poland is an important growth market for UBS. This is a significant step for UBS and will further strengthen our commitment to clients in Poland and the region.
UBS has been active in executing Polish investment banking mandates for more than 20 years. In 2003 UBS opened a representative office in Warsaw in response to the rapid economic and wealth growth in Poland and the region. In 2008, UBS made a significant investment in its Krakow office, where today more than 200 employees provide support services to UBS businesses around the globe. In January this year, UBS was accepted as a member of the Warsaw Stock Exchange.
In early 2010, UBS acted as bookrunner for the CHF475 million bond offering by the Republic of Poland. UBS is also acting as joint global co-ordinator for the IPO of Tauron.
Richard Morton: +44-20-7568 0175