UBS Investment Bank Strengthens Financial Sponsors Group with Addition of Two Managing Directors

NEW YORK, Nov 06, 2009 (BUSINESS WIRE) -- UBS Investment Bank announced today that it has hired two senior investment bankers within the firm's Financial Sponsors Group. Allen Bouch and Scott Norby will join the firm's Investment Banking Department (IBD) as Managing Directors, reporting to Steven Smith, Global Head of Leveraged Finance and Americas Head of Financial Sponsors. Bouch and Norby will be based in San Francisco and New York, respectively.

"Our financial sponsors deal pipeline continues to grow as financing markets have normalized and sponsors are becoming more active in both acquisitions and exits," said Smith. "We are delighted Allen and Scott will be joining UBS. I am confident they will help strengthen and advance our Financial Sponsors practice through their deep knowledge of the sponsor community and proven credibility advising and delivering strategic solutions to top clients in this space." Bouch joins UBS from Citigroup, where he was most recently in the Financial Entrepreneurs Group and Head of the San Francisco Investment Banking Group.

Previously, he was with Merrill Lynch in its investment banking division. He brings 21 years of top-tier investment banking experience, the last 13 of which have been focused on covering the financial sponsor community. Bouch holds a BA from Claremont McKenna College and an MBA from Duke University's Fuqua School of Business.

Previously, Norby was a Managing Director at Goldman Sachs in its Financial Sponsor Group. Prior to joining Goldman Sachs, he was with Morgan Stanley in its Financial Sponsor practice. Most recently, Norby was a Managing Director at North Sea Partners where he led financial sponsor coverage. He holds a BA from the University of Wisconsin and an MBA from the University of Chicago.

Kevin Cox, Americas Head of IBD, added, "The financial sponsor community represents a very important group of clients for UBS. We are committed to serving clients with bankers like Allen and Scott who can deliver innovative ideas, valuable insights and flawless execution." Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 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).

SOURCE: UBS CONTACT: UBS Media Relations: Doug Morris, [phone] www.ubs.com Copyright Business Wire 2009 -0- KEYWORD: United States

North America

New York INDUSTRY KEYWORD: Professional Services

Accounting

Banking

Finance

Other Professional Services SUBJECT CODE: Personnel