UBS Asset Management is pleased to announce the appointment of Liam McDermott as a director in our Institutional Business Development team based in Melbourne.

Liam joins UBS Asset Management following eight years as an institutional account manager at BlackRock in both Australia and in the UK, where his responsibilities included managing relationships with superannuation, government and sovereign funds.

"We are delighted that Liam McDermott is joining the UBS Asset Management and further strengthening our institutional sales team," commented Bryce Doherty, Head of UBS Asset Management for Australia and New Zealand. "We felt it was important to increase our presence in Melbourne and adding someone with Liam’s experience to the team will ensure we continue to bring the best of UBS to Australian clients."

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About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS' strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 31% of its employees working in the Americas, 32% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 18% in Asia Pacific. UBS Group AG employs approximately 67,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).