UBS Global Asset Management appoints a new Head of its Canadian business

    TORONTO, July 7 /CNW/ - UBS Global Asset Management today announced that
it has appointed Marcel Larochelle as Head of its Canadian business effective
July 14, 2008. Based in Toronto, Marcel will focus on the development and
expansion of UBS Global Asset Management's institutional, wholesale and
consultant relationships.
    "Marcel is well recognized within Canada's institutional investment
management community and has a broad range of established relationships," said
Kai Sotorp, Head of Americas, UBS Global Asset Management. "With Marcel's
leadership, I am confident we will significantly solidify and expand our
Canadian business."
    Marcel Larochelle is a Chartered Financial Analyst and has had senior
roles with a number of well-established firms, including Mercer Investments,
Towers Perrin and Buck Consultants, operating over the years from offices in
Boston and Paris as well as Toronto and Montreal.
    "UBS is one of the very few global investment management organizations
whose Canadian clients can also benefit from the strength of a quality
Canadian based investment team," said Marcel Larochelle. "Through its
integrated investment platforms, UBS is uniquely positioned to deliver
innovative investment solutions by using the diversity, breadth and global
scope of its capabilities."

    UBS Global Asset Management is one of the world's leading asset managers,
providing traditional, alternative and real estate investment management
solutions to private clients, financial intermediaries and institutional
investors worldwide. Invested assets totaled some CAD 781 billion at
31 December 2007, making the firm one of the largest global institutional
asset managers.
    With over 3,600 employees, located in 25 countries, UBS Global Asset
Management is a truly global firm. The main offices are in Basel, Chicago,
Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York,
Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.

For further information:

For further information: Graeme Harris at (416) 345-7050

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