Jerry Schretter to Join UBS As Managing Director in Energy Investment Banking

Business Wire, June 22, 2005

NEW YORK -- UBS announced today that Jerry Schretter has agreed to join the firm as a Managing Director in the firm's Energy Investment Banking Group. Mr. Schretter is will be based in New York and will report to Stephen M. Trauber, Global Head of Energy Investment Banking.

Mr. Schretter will be responsible for coverage of exploration and production companies in the energy sector.

Mr. Schretter will join UBS from Deutsche Bank. Prior to Deutsche Bank, Mr. Schretter had been with Morgan Stanley in their energy Investment Banking group.

"I'm very happy that Jerry has agreed to join UBS," said Stephen Trauber. "UBS has expanded its energy banking coverage globally and we see this sector only increasing in activity.. Jerry has a wealth of expertise in the large-cap energy sector and I look forward to him working with the rest of the energy banking team."

Mr. Schretter earned his MBA from the Stern School of Business in 1993. He earned his B.A. from Villanova in 1987.

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