UBS Investment Bank Announces New Global Leveraged Finance Structure

David Juge and Warren Woo have been appointed Joint Heads ofGlobal Leveraged Finance. Global Leveraged Finance will comprise theGlobal Syndicated Finance and Leveraged Finance businesses of theInvestment Bank.

Mr. Juge will continue to be responsible for the Global SyndicatedFinance business reporting to Chris Ryan, Global Head of Credit FixedIncome.

Mr. Woo will assume the dual role of Global Head of the FinancialSponsors Group and Leveraged Finance Origination. Mr. Woo will reportto Ken Moelis, President, UBS Investment Bank and to the Joint GlobalHeads of the Investment Banking Department, Rick Leaman, JeffMcDermott and Alex Wilmot-Sitwell.

"Financial sponsors and leveraged finance continue to be thefastest growing sectors of the marketplace," said Ken Moelis,President, UBS Investment Bank. "We are confident that these changeswill help us maximize our ability to effectively serve our clientsthrough an enhanced integrated firm effort."

In conjunction with this change, UBS is pleased to announce thefollowing additional appointments:

-- Adam Reeder will assume the position of Head of the Financial Sponsors Group and Leveraged Finance Origination for the Americas, reporting to Warren Woo.

-- Steve Conway has been appointed Head of the Financial Sponsors Group and Leveraged Finance Origination for the EMEA and APAC regions, reporting to Warren Woo.

-- Brendan Connolly will assume the position of Global Head of High Yield Syndicate, reporting to David Juge.

"We have been looking to create seamless coordination between theclient and risk areas of our leveraged finance business," said Mr.Woo. "We believe these changes are a solid step in that direction."

UBS is one of the world's largest wealth managers, premierinvestment banking and securities firm, and one of the largest globalasset managers. In Switzerland, UBS is a market leader in retail andcommercial banking.

Headquartered in Zurich and Basel, UBS employs around 70,000people, and has operations in over 50 countries and in all majorfinancial centers.