William A. Houlihan Joins UBS as Managing Director in the Financial Institutions Banking Group

Business Wire, June 28, 2007

NEW YORK -- UBS announced today that William A. Houlihan has joined UBS as a Managing Director in the Financial Institutions Group (FIG) within UBS Investment Bank. Houlihan is based in New York and reports to Oliver Sarkozy, Joint Global Head of FIG Investment Banking.

Houlihan, 52, has previously held senior roles in financial institutions groups at major investment banks, as well as chief financial officer (CFO) positions at financial services companies. Most recently, he was CFO of Sedgwick Claims Management Services, a provider of claims and productivity management solutions. Houlihan has also served as CFO for both Metris Companies and Hudson United Bancorp. He previously held Managing Director positions in the Financial Institutions Groups at JPMorgan Chase; Keefe, Bruyette & Woods; and Bear Stearns.

"UBS's leading FIG practice continues to thrive globally with a growing number of significant mandates," said Sarkozy. "Bill brings over thirty years of diversified financial services experience to the firm and his addition underscores UBS's ongoing commitment to providing strong coverage across all FIG segments."

Houlihan earned his B.S. in accounting from Manhattan College and his M.B.A. in Finance from New York University Graduate School of Business.

UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. 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 50 countries, with about 39% of its employees working in the Americas, 34% in Switzerland, 17% in the rest of Europe and 10% in Asia Pacific. UBS's financial businesses employ some 80,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).