Hong Kong and Shanghai, 12 December 2018 – UBS Asset Management (UBS AM) has appointed Raymond Yin, CFA, as Head of China Onshore and Managing Director, effective 12 December. In this new role, Raymond will be responsible for leading the execution of UBS AM's China strategy, including the further build-out of UBS AM's onshore wholly foreign-owned enterprises (WFOEs) and continued development of the firm's joint venture with State Development Investment Corporation (SDIC). He will be based in Shanghai and report to Rene Buehlmann, Head of Asia Pacific, UBS AM.

Ulrich Koerner, President of UBS Asset Management said: "We have a long-term commitment to expanding our presence in China, which continues to be a key strategic growth priority for our business globally. We are delighted to welcome Raymond to the firm, and are confident that he and the team will be well-placed to drive forward our ambitious onshore plans." UBS AM was this year named the top foreign asset management firm in China by Z-Ben Advisors and the Best Fund Provider - China A-Share Equity in Asian Private Banker's Asset Management Awards for Excellence 2018.

Rene Buehlmann. Head of Asia Pacific, UBS Asset Management commented: "Raymond's proven leadership skills and wealth of experience, together with our world-class China capabilities, will enable us to build on our growing momentum and further differentiate our offering for clients in this exciting market." Raymond Yin has 26 years of experience in financial services working in Shanghai, Hong Kong and New York. He was most recently Partner and Head of the International Division for Shanghai Chongyang Investment Management and CEO of Chongyang International Asset Management. He spent much of his career at Goldman Sachs including as Head of China Equities. He received a Computer Science BA cum laude from Harvard University.

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.

Headquartered in Zurich, Switzerland, UBS has offices in 52 countries, including all major financial centers, and employs approximately 60,000 people. UBS Group AG is the holding company of the UBS Group. Under Swiss company law, UBS Group AG is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors.

UBS Asset Management

Asset Management is a large-scale asset manager with a presence in 23 countries. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world.

www.ubs.com

Media contacts

Joanna Sin

Joanna.Sin@ubs.com

+852 2971 7950

Mark Panday

Mark.Panday@ubs.com

+852 2971 8221

Krystal Miller

Krystal.Miller@ubs.com

+44 207 901 5537

Sheryl Lee

Sheryl.Lee@ubs.com

+1 212 713-2423