UBS : Asset Management hires Michael Baldinger to lead expansion of global Sustainable and Impact Investing business

Zurich / London / New York, 8 July 2016 - UBS Asset Management ('UBS AM') today announces the appointment of Michael Baldinger as Head of Sustainable and Impact Investing. In this newly created role, Michael will be responsible for establishing a world-class Sustainable and Impact Investing business across asset classes.

Michael joins UBS AM after seven years at RobescoSAM, an international investment company focused on sustainability investments, where he held the position as CEO from 2011-2016. Prior to this, he was Head of Distribution for the Americas at Credit Suisse Asset Management and spent 10 years in Equity Sales at Bear Stearns and Deutsche Bank.

'The combination of Michael's experience and expertise in this rapidly developing field, together with our own broad capabilities across asset classes, will enable us to build a world class sustainability offering for our clients' said Ulrich Körner, President UBS Asset Management.

'ESG and impact focused investing is good for society and can drive superior investment returns. There is an inherent link between the forward and creative thinking of companies who rate highly in these areas and a corporation's ability to produce sustainable growth,' said Dawn Fitzpatrick, Head of Equities, Multi Asset & O'Connor, UBS Asset Management.

UBS aims to become a leader in sustainability in the financial services industry. UBS's key program in this regard is UBS and Society a cross-divisional umbrella platform covering all of the firm's activities and capabilities in sustainable investing.

'We want to mainstream sustainable and impact investing in response to increased demand from our clients and from the community. This requires us to develop financial innovations for our clients. With Michael's appointment, we have hired a key talent to bring our commitment to sustainable investing to a new level' said Caroline Anstey, Global Head of UBS & Society.

Michael will be appointed a member of the UBS and Society Operating Committee and Chair the Asset Management Environmental, Social and Governance Committee. Michael will be based in New York and will report to Dawn Fitzpatrick, Head of Equities, Multi Asset and O'Connor.

About UBS
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.

UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

About UBS and Society
We aim to be a leader in sustainability in the financial industry. This requires us to focus on the long term and to work to provide consistent returns to our stakeholders. It also requires us to promote the common good by being proactive, purposeful and accountable. Our key program in this regard is UBS and Society - a cross-divisional umbrella platform covering all our activities and capabilities in sustainable investing and philanthropy, environmental and human rights policies that govern client and supplier relationships, managing our own environmental footprint, as well as our firm's community investment. In 2015, we made good progress in advancing the ambitious goals we pursue through UBS and Society.

About UBS Asset Management
UBS Asset Management is a large-scale asset manager with a presence in 22 countries. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the third-largest international asset manager in Asia, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world.

UBS AG

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