Community Corner

United States

UBS Corporate Employee Financial Services continues to expand its Executive Management Team - Introducing Michael Barry

22 January 2009
Contributed By: UBS
Media Release - published -21 January 2009

Weehawken, NJ - UBS Corporate Employee Financial Services (CEFS), a leading provider of equity compensation plan administration and wealth management services, is pleased to announce the addition of Michael F. Barry to the position of Executive Director, Head
of Corporate Sales and Service.

Barry brings to UBS more than 10 years of equity compensation experience. Barry began his career as an attorney at the Ayco Company LP in employee benefits and has held leadership positions in stock plan services at both Fidelity and Smith Barney.

Barry's appointment, along with recent enhancements to the CEFS platform, are among the latest signs of UBS's ongoing commitment to continue to grow its CEFS business.

"I'm pleased to join CEFS,” Barry said. “Our recordkeeping, execution, participant financial education and outreach programs delivered through our network of Financial Advisors allow us to help maximize the value of the plan for both our corporate clients and participants.”

Growth Plans on Track

Barry is the newest member of the management team being formed by Douglas Woodham, Managing Director of CEFS, who was named to this position in May 2008. Woodham joined UBS in 2007 with more than 25 years of financial services industry experience, including responsibility for a major division of Moody’s Investor Services.

"We welcome Michael to our team," Woodham said. "The CEFS business is an important component of the Firm’s overall wealth management strategy. We anticipate that his contributions will enhance the positioning of our industry-leading services and help us meet the growing demand among participants for wealth management services."

Recent Platform and Service Enhancements

In 2008, CEFS made several enhancements to its Financials Online tool and added many new features to its product offering, including net settled exercise capability, to address recent plan design changes by some of its client base. UBS also expanded educational programs along with providing greater access to financial advice and guidance for plan participants.

"Focusing on client service delivery for corporate clients and plan participants alike will allow us to continue to grow our business in 2009 and beyond," Woodham noted.

About CEFS
The Corporate Employee Financial Services (CEFS) department of UBS Wealth Management US delivers first class equity compensation plan services and support for stock options, restricted grant awards, performance grant awards, stock appreciation rights and employee stock purchase plans.

CEFS has more than a decade of experience delivering service to Fortune 1000 companies and their participants across the globe. With more than 311 employees and nearly 250 CEFS network Financial Advisors in 60 cities, CEFS services more than 100 corporate clients and 800,000 plan participants.

UBS is one of the world’s leading financial firms, serving a discerning international client base. UBS is a leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 34% in Switzerland, 16% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

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