Union Bancaire Privée Recruits Experienced MENA Equities Team

GENEVA, January 31, 2011 - Union Bancaire Privée (UBP) announced today that it has recruited a
highly-rated Middle East & North Africa (MENA) equities investment team to
provide its clients with on-the-ground access to the return potential of the
region's stock markets.

Lead portfolio manager Habib Oueijan, who has been running MENA equity
portfolios for the past 15 years, heads a five-strong team that includes
another senior portfolio manager, Mahmoud El Safty, and three experienced
research analysts. The team joins from a Dubai-based asset management firm,
where they built an eight-year track record. The team will continue to manage
its flagship MENA equity fund, which was recently transferred to UBP.

UBP is a forceful exponent of the benefits for its clients of investing
in emerging markets, and has been bolstering its capabilities in this area.
In 2010 alone the company took on 11 emerging market investment professionals
and launched European Emerging, Turkish and Russian equity funds, an
innovative emerging market corporate bond fund and a fund of emerging market
hedge funds.

Richard Wohanka, CEO of Asset Management at UBP, highlighted the benefits
of this recruitment for UBP's clients. "The MENA equity markets are among the
most under-researched and under-owned by global investors, despite what we
believe to be their excellent return potential and strong diversification
benefits. Habib and his team have demonstrated how capable they are in this
area through their proven eight-year track record, and we are delighted to
have them on board."

About Union Bancaire Privée

Union Bancaire Privée, UBP SA (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 65 billion (USD 61 billion) in assets under
management as at 31 December 2010. UBP employs some 1,200 people in over 20
locations worldwide and provides a complete range of innovative investment
products and services, both in traditional and alternative asset management,
with the aim of achieving a high performance and protecting clients' capital.
www.ubpbank.com

Contact:

Jérôme Koechlin - Head of Corporate Communications |
+41-58-819-26-40 | jko@ubp.ch

Emmy Labovitch - Head of Marketing UBP Asset Management |
+41-58-819-23-76 | lae@ubp.ch

Contact: Jérôme Koechlin - Head of Corporate Communications | +41-58-819-26-40 | jko at ubp.ch; Emmy Labovitch - Head of Marketing UBP Asset Management | +41-58-819-23-76 | lae at ubp.ch