UBS Wealth Management celebrates 25 years in Vancouver

    VANCOUVER, Oct. 3 /CNW/ - UBS today celebrates 25 years of operating its
wealth management business in Vancouver. UBS is one of the few global
financial institutions to have such long-standing service in B.C..
    "We have had fantastic support from the community," said Grant Rasmussen,
who is the Head of UBS Wealth Management in Canada. "We knew that we must have
a local presence and UBS is committed to Vancouver. While some of our
competitors feel they can serve Canadian clients out of Seattle, UBS
understands that it is not enough. You have to be in the market."
    In Canada, UBS has offices in Vancouver, Calgary, Toronto, and Montreal.
UBS Wealth Management was ranked by Euromoney magazine as the Best Private
Bank in Canada in its 2007 survey. UBS was also ranked No.1 for High Net Worth
1 ($1 million to $10 million in investable assets), High Net Worth 2
($10 million - $30 Million) and Ultra High Net Worth clients (greater than
$50 million).
    "We're proud of our long-standing commitment to the city and British
Columbia," said Martine Cunliffe, who is the manager of UBS's Vancouver
Office. "For a quarter of a century UBS has been providing investment
expertise and solutions to high net worth Canadians who wanted the global
reach and insight of an international leader."
    UBS held a special reception in Vancouver last night, which included a
presentation on the World Economy and Financial Markets by Dr. Klaus
Wellershoff, Chief Economist at UBS AG, based in Zurich, Switzerland.

    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, 16% in the rest of Europe and 11% in Asia Pacific. UBS's
financial businesses employ more than 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).

For further information:

For further information: Graeme Harris, (604) 669-5570

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