UBS appoints Paul Knight as Chairman and CEO of UBS Canada



    TORONTO, May 8 /CNW/ - UBS AG has appointed Paul Knight as Chairman and
CEO of UBS Canada. In this role, he will report to Robert Wolf, Chairman and
CEO, UBS Americas. Knight will also continue in his current role as Joint
Global Head of Metals and Mining for the investment banking division.
    Currently residing in London (UK), Knight will re-locate to Toronto and
assume his new duties as of June 1. Knight joined SG Warburg (a predecessor
firm to today's UBS) in London in 1994. During his 15-year career at UBS
Investment Bank, Knight has worked in New York and Hong Kong in addition to
London. He has previously been the Head of the Industrials team in Europe, the
Middle East and Africa, Head of Latin American Investment Banking, and Co-Head
of Americas Metals and Mining Team.
    "Canada has been a profitable contributor to UBS's global operations and
we see a number of opportunities to grow all of our businesses here," said
Paul Knight. "I also see Toronto becoming a bigger centre for the metals and
mining business of UBS's investment bank."
    Knight began his career at McCarthy & McCarthy (now McCarthy Tétrault) in
Toronto. He later moved to Tokyo to practice international corporate law
before joining Nomura Securities. He later became a Senior Banker at the
European Bank for Reconstruction and Development (EBRD) in London and Moscow
before joining UBS.
    Born in Montreal, Knight is fluent in French. He was educated at Queen's
University (Kingston) and Clare College, University of Cambridge. He is
married with three children.

    Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's
leading financial firms. It serves a discerning, international client base
with its wealth management, investment banking and asset management
businesses. 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 75,000 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).





For further information:

For further information: Graeme Harris, Tel. (416) 350-7050,
graeme.harris@ubs.com, www.ubs.com

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