UBS Appoints Sylvia Brasil Coutinho as CEO of UBS Group Brazil

  UBS Appoints Sylvia Brasil Coutinho as CEO of UBS Group Brazil

Appointment furthers UBS strategy and strengthens business in Brazil

Business Wire

SAO PAULO -- May 20, 2013

UBS today announced it has appointed Sylvia Coutinho as CEO of UBS Group
Brazil effective June 24^th, 2013. She will be responsible for further
strengthening the firm’s presence in Brazil and overseeing the firm’s strategy
to deliver its integrated resources – including UBS Brasil Corretora, former
Link Investimentos - to its private, corporate and institutional clients in
the country. Current UBS Group Brazil CEO Lywal Salles will retire.

In this move, Coutinho will become the first woman to be a CEO of a Brazilian
business for an international bank.

On the appointment, UBS Group Americas CEO Robert J. McCann remarked:
“Sylvia’s deep knowledge of Brazil, combined with her industry expertise, will
be invaluable to helping UBS reach our full potential in the country. We are
confident she is the leader to help us in the next stage of building a strong
Brazil franchise, particularly as the market’s solid, growing economy and
expanding wealth base mark it as a strong opportunity for all of UBS’s
business areas. We thank Lywal for his leadership over the past two and a half
years, helping UBS navigate a complex, dynamic economic environment in the
country especially through the successful acquisition of Link, one of Brazil's
leading equity brokerage firms.”

Sylvia B. Coutinho joins UBS from HSBC, where she served most recently as Head
of Retail Banking & Wealth Management for Latin America and Asset Management
for the Americas. With a number of countries under her supervision, and more
than 30,000 persons, she rationalize HSBC’s footprint in the region, with
significant strides in improving productivity, enhancing profitability and
aligning the region with HSBC’s global priorities.

Prior to that, Coutinho held various roles at HSBC, including Northern Latin
America and Brazil Group Head in New York; Executive Director for HSBC Bank
Brazil, where she was responsible for Asset Management, Private Banking and
Securities Services; Head of Wealth Management; and CEO of Asset Management,
Americas & Head of Emerging Markets Strategy. She began her career at Citibank
in its Management Trainee Program, where she had a long career, working in
various areas in Brazil and overseas, in Corporate and Commercial Banking,
Operations and Retail Banking, Technology, as well as coordinating the area of
Private Banking for Brazil.

Sylvia B. Coutinho earned her MBA from Columbia University in New York, a
postgraduate course in Economics and a B.Sc in Engineering both from the
University of São Paulo.

Brazilian clients can learn more about UBS Brazil at

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a client-focused
financial services firm that offers a combination of wealth management, asset
management and investment banking services on a global and regional basis. By
delivering a full range of advice, products and services to its private,
corporate and institutional clients, UBS aims to generate sustainable
earnings, create value for its shareholders, and become the choice of clients

UBS is present in all major financial centers worldwide. It has offices in
over 50 countries, with about 36% of its employees working in the Americas,
35% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS
employs about 62,000 people around the world. Its shares are listed on the SIX
Swiss Exchange and the New York Stock Exchange (NYSE).

More information at the site of the bank:


Media Contacts:
New York:
Karina Byrne, +1 212-882-5692,
Megan Stinson, +1 212-713-1302,
São Paulo:
Antonio Seidl, +55 11 987553144,
Yves Kaufmann, +41 44 234 4655,
Follow us on Twitter: @UBSAmericas
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