Union Bancaire Privee Consolidates its Fund of Hedge Fund Expertise

GENEVA, July 6, 2010 - Today, Union Bancaire Privee announced that it has appointed Larry
Morgenthal as CEO of UBP Asset Management, the Group's US business. He also
assumes the role of Chief Investment Officer of Alternatives.

Mr Morgenthal will spearhead the renewed activity in the company's fund
of hedge funds platform, following the reinforcement of its investment and
risk management teams since 2009. UBP has been investing in hedge funds since
1972 and offers a full range of capabilities, from tailored recommendations
to commingled funds.

"The case for hedge funds and their alpha-generation potential is
undisputed," said Richard Wohanka, CEO of Asset Management and Alternative
Investments at UBP. "It is time to look at hedge funds in a new way: as core
portfolio holdings, rather than as a small part of an alternatives segment.
UBP has the right infrastructure to offer clients funds of hedge funds that
can enhance the opportunity set for balanced portfolios, and for traditional
equity and fixed income investments. Larry has a long track record of
building alternative businesses through an understanding of client priorities
and I am delighted that he will be leading the Alternatives division at UBP."

Mr Morgenthal has 18 years of direct involvement in alternative investing
and business development, having started his career managing the assets for
two large US pension funds, NCR Corporation and Asea Brown Boveri (ABB). He
has held senior positions in Bank of America's Alternative Investment Group,
where he headed the overall business and chaired the investment committee, as
well as at Opus Capital Group, where he was managing partner, and Ivy Asset
Management (BNY Mellon), where he held the roles of COO and later CEO.

Note to editors

Union Bancaire Privee (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 more than CHF 75 billion (USD 72 billion) in assets under
management as at 31 December 2009. UBP employs around 1,200 people in some 20
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 further information

    Jerome Koechlin
    Head of Communications:
    Tel. +41-58-819-26-40,
    e-mail jko@ubp.ch
    www.ubpbank.com

For further information: Jerome Koechlin, Head of Communications: Tel. +41-58-819-26-40,
e-mail jko at ubp.ch