William Ortner to Join UBS as Managing Director and Co-Head of Structured Equity Capital Markets, Americas

NEW YORK--(Business Wire)--
UBS Investment Bank announced today that William Ortner will join the firm's
Investment Banking Department as a Managing Director in Equity Capital Markets,
where he will co-head Structured Equity Capital Markets for the Americas. He
will be based in New York and report to Mary Ann Deignan, Head of Equity Capital
Markets for the Americas.

Prior to joining UBS, Ortner, 42, headed Structured Finance at Structured
Investment Management, a New York-based mutual fund advisor. Previously, he was
at Barclays Capital, where he headed Equity-Linked Capital Markets for the
Americas. Before joining Barclays, he was a Managing Director at Citigroup
responsible for corporate equity derivatives. Earlier in his career, Ortner was
an associate in the corporate department of the law firm Shearman & Sterling.

"We are seeing strong growth in the number of companies raising capital through
equity transactions and expect that to increase even further in 2010," said
Deignan. "Bill`s combination of experience and skill in helping companies
achieve their equity objectives using derivatives and other structured products,
will be of great benefit to our growing client base."

Ortner holds a JD from Boston University School of Law and a BA from Tufts
University.

Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing
services to private, corporate and institutional clients. Its strategy is to
focus on international wealth management and the Swiss banking business
alongside its global expertise in investment banking and asset management. In
Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in over
50 countries, with about 38% of its employees working in the Americas, 34% in
Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more
than 70,000 people around the world. Its shares are listed on the SIX Swiss
Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange
(TSE).

UBS
Doug Morris, +1-212-882-5694

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