Union Bancaire Privée Expands its Emerging Markets Capabilities With Two Key Appointments

GENEVA, April 6, 2010 - Today, Union Bancaire Privée announced that it has hired Eli
Koen and Mathieu Nègre as co-heads of Emerging European Equities. They join
from Fortis Investments.

'We are delighted to welcome Eli and Mathieu' said Richard
Wohanka, CEO of Asset Management and Alternative Investments at UBP. 'We are
strong believers in emerging markets and Eli and Mathieu bring with them
unrivalled experience in emerging European and Turkish equities.' UBP
calculates that most institutional investors are under-invested in both
emerging market equities and bonds and is steadily building its capabilities
and fund offering in these areas. By recruiting Eli Koen and Mathieu Nègre,
the Bank will be able to offer its clients access to some of Europe's
fastest-growing markets and allow them to benefit from the strong ties that
the pair have established with the local corporate sector. Eli Koen has
seventeen years' experience in the Turkish equity market and Mathieu Nègre
has been managing emerging European funds since 2001.

'Investing successfully in this region requires real
commitment and an entrepreneurial approach. UBP offers exactly that and we
are looking forward to developing a substantial activity there on behalf of
its clients,' added Eli Koen.

Note to Editors

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 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.

Contact: Jérôme Koechlin, Head of Communications, Phone:
+41-58-819-26-40, E-Mail: jko@ubp.ch

Contact: Jérôme Koechlin, Head of Communications, Phone: +41-58-819-26-40, E-Mail: jko at ubp.ch