Union Bancaire Privée Builds out its Equity Capabilities

GENEVA, August 4, 2010 - Union Bancaire Privée (UBP) announced today that it has hired Rob Jones
as Head of its new European Equities team, which will be based in London. He
will take up the position on 1 November.

Prior to joining UBP, Rob Jones managed pan-European equity funds at
Threadneedle, where he built an impressive track record and was part of a
team managing funds that received awards from Lipper and Morningstar earlier
this year. A graduate in Business Studies from the University of Brighton, he
spent a total of 14 years at Threadneedle managing UK and then pan-European
equity portfolios. He started out his career by spending four years as a UK
equity analyst.

"We are delighted that Rob is joining us" said Richard Wohanka, CEO of
Asset Management at UBP. "An allocation to European equities forms the core
of many of our clients' portfolios, and the recruitment of a top-quality,
in-house team to manage this asset class has long been part of our growth
plans. Rob's high-conviction, bottom-up approach to equity investing fits in
well with UBP Asset Management's ethos and I am confident that he can
replicate his past successes elsewhere at UBP."

"I am very pleased to join UBP" added Rob Jones. "This is an extremely
exciting time for the company as it builds out its investment capabilities
and I am glad to be a part of this process. I look forward to leading a new
European equities team and developing a range of top-quality investment
solutions for our clients."

About Union Bancaire Privée

Union Bancaire Privée (UBP) is based in Geneva and is one of
Switzerland's leading private banks. Active in the field of asset management
for both private and institutional clients and with a very solid balance
sheet, the Bank had some CHF 72 billion (USD 66.5 billion) in assets under
management as at 30 June 2010. UBP employs around 1,200 people in some twenty
locations worldwide and provides a complete range of products and innovative
investment solutions, both in traditional and alternative asset management,
with the aim of seeking out performance and attaining its clients'
objectives. www.ubpbank.com.

For any further information

Jérôme Koechlin, Head of Communications, tel.: +41(0)58-819-26-40,
e-mail: jko@ubp.ch, www.ubpbank.com

Jérôme Koechlin, Head of Communications, tel.: +41(0)58-819-26-40, e-mail: jko at ubp.ch www.ubpbank.com