UBS Appoints Ros Stephenson Global Chairman of Corporate Client Solutions (CCS) and Head of CCS Americas

New York, May 2, 2014 - UBS today announced that Ros Stephenson has been appointed Global Chairman of Corporate Client Solutions (CCS) and the Head of CCS Americas. Ros will join as a Group Managing Director and report to Andrea Orcel, CEO of UBS Investment Bank.

Ros will be based in New York and be a member of the firm's Investment Bank Executive Committee and Americas Executive Committee, effective September 2014. She joins UBS from Barclays where she most recently served as Chairman of the Investment Banking Division. During her tenure, Ros was also co-head of Corporate Finance and M&A from 2008 to 2013. She began her career with Lehman Brothers where she was a founder of the firm's Financial Sponsors Group, which she led for 10 years.

"Ros is an extremely accomplished, market-leading professional with extensive client and transaction experience," Andrea Orcel commented. "Her insights and expertise will be invaluable to us as we continue to grow the CCS business, particularly in the Americas. We are pleased to have Ros join UBS. She will be an influential leader and a key partner to our management team." 

In her role as Chairman, Ros will help drive UBS’s global investment bank capabilities, and in her Americas role, she will be responsible for all client coverage, advisory, financing origination and the financing solutions businesses. Steve Cummings will assume the role of Chairman of CCS Americas.  

"I look forward to Ros's arrival later this year. She is a tremendously talented leader and I have every confidence that she will help UBS compete and win in the Americas," said Bob McCann, CEO of UBS Group Americas. 

Commenting on her appointment, Ros said, "I am excited to be joining a world class organization. As the investment banking landscape continues to evolve, I believe that the firm's global reach and areas of expertise, coupled with dedication to its client centric model, position UBS as a leading player in global financial services."

About UBS

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group. 

Headquartered in Zurich and Basel, Switzerland, UBS has offices in more than 50 countries, including all major financial centers, and approximately 60,000 employees. UBS AG is the parent company of the UBS Group (Group). Under Swiss company law, UBS AG is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. The operational structure of the Group comprises the Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, the Investment Bank, Global Asset Management and Retail & Corporate.

The Investment Bank provides corporate, institutional, and wealth management clients with expert advice, innovative financial solutions, outstanding execution and comprehensive access to the world’s capital markets. It offers investment banking and capital markets, research, equities, foreign exchange, precious metals and tailored fixed income services in rates and credit through its two business units, Corporate Client Solutions and Investor Client Services. The Investment Bank is an active participant in capital markets flow activities, including sales, trading and market-making across a range of securities.