UBS Global Asset Management Completes Conversion of Separately Managed Accounts Program to the Vestmark Platform

WAKEFIELD, MA--(Marketwire - January 8, 2008) - Vestmark, a leading innovator in managed accounts platform solutions, announces that UBS Global Asset Management has successfully implemented the Vestmark Managed Accounts Platform (VMAP) within its separately managed accounts business (Private Wealth Solutions).

"As part of our focus on continuous innovation to meet clients' needs and to support our growing managed accounts business, we have adopted this flexible and scalable technology," said Mabel Lung, Managing Director, Managed Accounts Portfolio Solutions at UBS Global Asset Management. "Vestmark enables us to enhance the benefits of our Multi-Asset Portfolios, increase efficiency in our operations and offer new innovations in our product offering."

The Private Wealth Solutions (PWS) program leverages the 25-year institutional heritage, time-tested investment process and proprietary investment expertise of UBS Global Asset Management. Multi-Asset Portfolios, designed with diversified, complementary investment styles and minimal security overlap, are sophisticated advisory accounts with the flexibility to meet a range of client risk/return needs.

Through Private Wealth Solutions, UBS Global Asset Management is the steward of $14 billion in assets for 17,000 accounts. "Vestmark is a modern technology platform designed precisely to support such scale while still providing high degrees of flexibility and efficiency," said John Lunny, Chief Operating Officer of Vestmark. "We are excited to be a partner in UBS' success and are committed to providing a high level of service and support to UBS as it grows its business."

About UBS Global Asset Management

UBS Global Asset Management is one of the world's leading asset managers, providing traditional, alternative and real estate investment management solutions to private clients, financial intermediaries and institutional investors worldwide. Invested assets totaled USD 801 billion worldwide(1) as of September 30, 2007, making the firm one of the largest global institutional asset managers, a leading fund house in Europe and the largest mutual fund manager in Switzerland.(2) With around 3,500 employees, located in 23 countries, UBS Global Asset Management is a truly global firm. The main offices are in Basel, Chicago, Frankfurt, Grand Cayman, Hartford, Hong Kong, London, Luxembourg, New York, Rio de Janeiro, Sydney, Tokyo, Toronto and Zurich.

(1) Assets under management are representative of UBS Global Asset Management business group worldwide. Assets under management for UBS Global Asset Management (Americas) Inc. total $163 billion as of September 30, 2007.

(2) Source: Lipper FundFlows Insight Report (as of September 30, 2007).

About Vestmark

Vestmark is a technology platform provider for investment managers, overlay managers, sponsors, and operations outsourcing service providers in the managed accounts industry. Vestmark's solution enables greater product innovation, increased operational efficiency, and compliance for its customers. The Vestmark Managed Accounts Platform (VMAP) is a modern, web-based platform providing complete functionality and connectivity to support the innovation in managed account products and the growth of the managed accounts industry. Vestmark is headquartered in metropolitan Boston, Massachusetts with offices in Oakland, California. For more information about Vestmark's managed accounts platform solutions, please call 781-224-3640, email info@vestmark.com, or visit www.vestmark.com.

Contact Information: Contact: Rob Klapprodt President Vestmark Software +1 (781) 224-7845