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Sac Longchamp Pas Cher Some of Abe's closest allies

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Dr. Vice President, On the other hand,casque monster, and it’s left to the reader to decide whether one or the other or neither is telling the truth.75% Merrill Lynch & Co. Inc UniCredit SpA 407 -003 -073% UniCredit SpA 786 -010 -119% Credit Suisse Group AG Fr2732 +081 306% Barclays PLC 30780 +450 148% BlackRock Inc $28023 +1124 418% Raiffeisen Bank International AG 2568 +002 008% Julius Baer Gruppe AG Fr3701 +034 093% AllianceBernstein Holding LP $2443 +050 209% Officers & Directors Name & Title Started Age Compensation Options Value Chairman of the Board of Directors 2012 56 Fr356834000 0 Fr000 Mr Axel A Weber has served as Chairman of the Board of Directors of UBS AG since 2012 At the Company he also serves as Chairman of the Governance Committee and Nominating Committee as well as Member of the Corporate Responsibility since 2012 He was President of the German Bundesbank between 2004 and 2011 during which time he also served in the following positions: Member of the Governing Council of the European Central Bank; Member of the Board of Directors of the Bank for International Settlements; German governor of the International Monetary Fund; and Member of the G7 and G20 Ministers and Governors He was Member of the Steering Committees of the European Systemic Risk Board in 2011 and the Financial Stability Board from 2010 to 2011 On leave from Universitaet zu Koeln he was a visiting professor at the University of Chicago Booth School of Business from 2011 to 2012 From 2002 to 2004 Dr Weber served as Member of the German Council of Economic Experts He was a professor for international economics and Director of the Center for Financial Research at Universitaet zu Koeln from 2001 to 2004 and a professor for monetary economics and Director of the Center for Financial Studies at Goethe-Universitaet in Frankfurt/Main from 1998 to 2001 Dr Weber holds a PhD in Economics from Universitaet Siegen where he also received his habilitation He graduated with a masters degree (Diplom) in Economics from Universitaet Konstanz He also holds honorary doctorate degrees from the universities of Duisburg-Essen and Constance Group Chief Executive Officer Member of the Executive Board 2011 52 Fr887059000 0 Fr000 Mr Sergio P Ermotti has been Group Chief Executive Officer and Member of the Executive Board of UBS AG since November 15 2011 He previously occupied that position on interim basis as of September 24 2011 He was appointed Chairman and CEO of UBS Group Europe Middle East and Africa and became Member of the Group Executive Board in April 2011 From 2007 to 2010 he was UniCredit Group��s Deputy Chief Executive Officer with responsibility for the strategic business areas Corporate and Investment Banking and Private Banking He joined UniCredit in December 2005 as Head of Markets & Investment Banking Division Between 2001 and 2003 he served as co-Head of Global Equity Markets and as Member of the Executive Management Committee for Global Markets & Investment Banking at Merrill Lynch He started his career with Merrill Lynch in 1987 holding various positions in equity derivatives and capital markets Mr Ermotti is a Swiss-certified banking specialist and a graduate of the Advanced Management Program at Oxford University He is Non-Executive Director of the London Stock Exchange Group Independent Vice Chairman of the Board of Directors 2010 56 Fr87500000 0 Fr000 Mr Michel Demare has been Independent Vice Chairman of the Board of Directors at UBS AG since April 2010 He joined the Board of Directors of the Company as Member on April 15 2009 In addition he acts as Member of the Audit Committee as well as Member of Governance and Nominating Committee of the Company He joined ABB as Member of the Executive Committee and Chief Financial Officer (CFO) in 2005 and added the role of President of Global Markets in November 2008 Between February and September 2008 he acted as interim Chief Executive Officer of ABB Mr Demare joined ABB from Baxter International a global healthcare company where he was CFO of Baxter Europe from 2002 to 2005 Prior to this role he spent 18 years at the Dow Chemical Company Mr Demare began his career as an officer in the Multinational Banking division of Continental Illinois Bank of Chicago based in Antwerp and Brussels He graduated with a Master of Business Administration from the Katholieke Universiteit Leuven (Belgium) and a degree in Applied Economics from Universite Catholique de Louvain (Belgium) He is Member of the IMD Foundation Board in Lausanne Member of the Executive Board Chief Financial Officer 2011 51 0 Mr Tom Naratil has been Member of the Executive Board and Chief Financial Officer of UBS AG since June 2011 Mr Naratil served as CFO and Chief Risk Officer of Wealth Management Americas from 2009 until his current appointment Before 2009 he held various senior management positions within the Company including heading the Auction Rate Securities Solutions Group during the financial crisis in 2008 He was named Global Head of Marketing Segment & Client Development in 2007 Global Head of Market Strategy & Development in 2005 and Director of Banking and Transactional Solutions Wealth Management USA in 2002 During this time he was Member of the Group Managing Board He joined Paine Webber Incorporated in 1983 and after the merger with UBS AG became Director of the Investment Products Group Mr Naratil holds a Master of Business Administration degree in Economics from New York University and a Bachelor of Arts degree in History from Yale University Member of the Executive Board Group Chief Operating Officer CEO of Corporate Center CEO of UBS Europe Middle East and Africa 2009 50 0 Dr Ulrich Koerner has been Member of the Executive Board Group Chief Operating Officer CEO of Corporate Center and CEO of UBS Europe Middle East and Africa of UBS AG since April 1 2009 Dr Koerner has been with Credit Suisse since 1998 and served as Member of the Executive Management of the Credit Suisse Group from 2003 to 2008 He held various management positions including Chief Financial Officer and Chief Opperating Officer of Credit Suisse Most recently he was responsible for the entire Swiss client business as CEO of the Switzerland region Dr Koerner received a Doctorate in Philosophy in Business Administration from Universitaet St Gallen and served several years thereafter as an auditor for Price Waterhouse and as a management consultant for McKinsey & Company Additionally to his duties at the Company Dr Koerner is Vice Chairman of the Committee of the Governing Board of the Swiss Bankers Association Chairman of the Widder Hotel Zurich and Vice President of the Board of Lyceum Alpinum Zuoz He is Deputy Chairman of the Supervisory Board of UBS Deutschland AG Chairman of the Foundation Board of the UBS Pension Fund Member of the Financial Service Chapter Board of the Swiss-American Chamber of Commerce and Member of the Advisory Board of the Department of Banking and Finance at Universitaet Zuerich Member of the Executive Board Group Chief Risk Officer 2008 51 0 Mr Philip J Lofts has served as Member of the Executive Board and Group Chief Risk Officer of UBS AG since November 4 2008 He was Chief Executive Officer of UBS Group Americas from January 2011 to November 2011 Prior to that he served as Deputy Group Chief Risk Officer and Group Risk Chief Operating Officer at the Company from 2008 to 2010 He has been with the Company for over 25 years In 2008 he became the Group Risk Chief Operating Officer (COO) after having previously been the Group Chief Credit Officer for three years Before this Mr Lofts worked for the Investment Bank in a number of business and risk control positions in Europe Asia and Pacific (APAC )and the United States From 1981 to 1984 he was a trainee at Charterhouse Japhet plc a merchant bank acquired by the Royal Bank of Scotland in 1985 Mr Lofts is Board Member of the University of Connecticut Foundation Member of the Executive Board Group General Counsel 2008 55 0 Mr Markus U Diethelm has been Member of the Group Executive Board and Group General Counsel of UBS AG since September 1 2008 From 1998 to 2008 he worked for Swiss Re He started his career in 1983 with Bar & Karrer a Zurich law firm In 1988 he joined Paul Weiss Rifkind Wharton & Garrison in New York as a foreign associate As of 1989 he practiced with New York's Shearman & Sterling specializing in mergers and acquisitions In 1992 he joined the Los Angeles-based law firm Gibson Dunn & Crutcher focusing on corporate matters securities transactions litigation and regulatory investigations while operating out of the firm's Brussels and Paris offices He joined Swiss Re in 1998 as Group Chief Legal Officer and was appointed to the Executive Board effective January 1 2007 Mr Diethelm holds a law degree from Universitaet Zuerich and a Master and Doctorate in Philosophy from Stanford University He is a qualified attorney-at-law in the State of New York and in Switzerland Mr Diethelm is the Chairman of the Legal Committee of the Swiss American Chamber of Commerce and Member of the Swiss Advisory Council of the American Swiss Foundation among others Senior Independent Director 2011 60 Fr107500000 0 Fr000 Mr David H Sidwell has been Senior Independent Director at UBS AG since April 23 2011 He joined the Board of Directors at the Company on April 23 2008 In addition he acts as Chairman of the Risk Committee and Member of the Governance and Nominating Committee at the Company He was Executive Vice President and Chief Financial Officer of Morgan Stanley in New York between March 2004 and 2007 Before joining Morgan Stanley he was with JPMorgan Chase & Co He joined JPMorgan Chase & Co in 1984 in New York where he held a number of different positions in his 20 years of service including Controller and Chief Financial Officer of the Investment Bank From 1975 until 1984 he was with PricewaterhouseCoopers LLP in both London and New York Mr Sidwell graduated from Cambridge University in England and is a Chartered Accountant Mr Sidwell is a Director and Chairperson of the Risk Policy and Capital Committee of Fannie Mae Washington DC,Louboutin Femme, New York. 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