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Press release from Business Wire

UBS Global Asset Management Names Kevin Granelli to its US Financial Institutions Group

Tuesday, July 01, 2014

UBS Global Asset Management Names Kevin Granelli to its US Financial Institutions Group

10:34 EDT Tuesday, July 01, 2014

NEW YORK (Business Wire) -- UBS Global Asset Management, a division of UBS AG, has hired Kevin Granelli as a Client Advisor focusing on business development efforts in its US Financial Institutions Group. Based in New York, Granelli will focus on opportunities in the sub-advisory and financial intermediary markets, and will report to Bob McGowan, head of distribution for Financial Institutions and Corporate clients for the Americas region.

"Kevin brings many years of experience in the sub-advisory and financial intermediary markets and has developed many close personal and professional relationships over the years," said McGowan. "We're excited to have him join our team as we continue to expand our relationships with our current clients and engage with new ones."

Prior to joining UBS, Granelli was a Managing Director at Guggenheim Investments, where he was responsible for developing and executing business strategy and planning across the sub-advisory, variable annuity and DC segments. Previously, he was a Director at DWS Investments/Deutsche Asset Management, where he was responsible for new business development and client service. He has more than 22 years of investment experience.

"I am thrilled to be joining UBS, especially due to the variety of compelling investment strategies and solutions that I'll be able to offer new clients," said Granelli. "Plus, this is an exciting and dynamic time for the marketplace, so I believe there will be many opportunities in this part of the investment world."

Granelli graduated magna cum laude from Saint Peter's College in New Jersey with a BS in Marketing, and received an MBA from the Fordham University Graduate School of Business in New York.

In addition to hiring Granelli, the US Financial Institutions Group has added two team members over the past year. The new team members are Shawna Macnamara, National Account Manager, and Justine Richards, Client Service Associate.

Macnamara is charged with expanding the firm's business within major wirehouses, private banks and independent broker-dealers across a product suite that includes mutual funds, managed accounts and both registered and private alternative investments. Additionally, she acts as a key advisor to the firms' clients, managing and expanding relationships across all asset classes.

Richards provides relationship management and client service support for the firm's Financial Institutions relationships. Focusing primarily on sub-advisory relationships and third-party distribution, she acts as a key liaison between the client and the appropriate business groups within UBS.

The US Financial Institutions Group has also created a website to help provide our clients' with high-level descriptions of our strategies, services and team. For more information, please contact Irene Passiglia at irene.passiglia@ubs.com.

About UBS Global Asset Management

UBS Global Asset Management is a large-scale asset manager with well-diversified businesses across regions, capabilities and distribution channels. It offers investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate, infrastructure and private equity investment capabilities that can also be combined into multi-asset strategies. The Fund Services unit provides professional services including legal fund set-up, accounting and reporting for traditional investment funds and alternative funds.

Invested assets worldwide totalled some CHF 596 billion (EUR 489 billion, GBP 404 billion, USD 674 billion) at 31 March 2014. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland and one of the largest fund of hedge funds and real estate investment managers in the world.

With around 3,800 employees, located in 24 countries, we are a truly global firm. Our principal offices are in London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Singapore, Sydney, Tokyo and Zurich.

The information and opinions contained herein are a reflection of UBS Global Asset Management's best judgment based on current market assumptions and are considered forward-looking statements. Any obligation to update or alter forward-looking statement as a result of new information, future events, or otherwise is disclaimed. There is no assurance that these projections will ultimately be realized. Actual future results may prove to be different from expectations.

About UBS

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.

UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

www.ubs.com/media
Follow us on Twitter: www.ubs.com/twitteramericas

UBS Global Asset Management
Media Inquiries
New York:
Gregg Rosenberg, 212-713-8842
Follow us on Twitter: @UBSAmericas

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